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Pensando En El Futuro 4 & 5 Group
In this Group: Bernarda, Nuris, Tomasa, Brigido, Juan, Francisca, Rafaela, Socorro, Rosa, Julian
Bernarda is the coordinator of her group Pensando en el Futuro 4 & 5, (Thinking about the Future). She makes her home here in a simple structure with her long-term partner and their three children, whom she raised and educated by hard work. Her most difficult challenge is to teach her children to be good humans beings. In the meantime, she plans to continue enjoying to learn how to use the computer.

Bernarda is excited to be taking her first loan with Esperanza. She has had her business for around four months, starting with a small loan her partner got. She plans to use this loan to invest in her business by buying snacks, juice, breads, cheese, jam, etc. She is planning to expand her cafeteria products to offer more options to her clients. She will use the profits to save and buy a computer for herself and her children. In the near future, she wants to build a house.

This Esperanza associate's story is representative of her group and of Esperanza's Haitian and Dominican clients, many of whom recently emigrated to the DR from Haiti. Her group is located in Samana, a lush, rugged peninsula with a nascent tourism industry. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable running water (none of which is potable) and electricity.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Dominican Republic

  • $7,611
    Average annual income
  • 9
    View loans »
    Dominican Republic Loans Fundraising
  • $8,065,475
    Funds lent in using Kiva
  • 36.9
    Dominican Republic Pesos (DOP) = $1 USD