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Fe Y Amor 7 Group
In this Group: Monette, Ana, Andrecia, Elza, Anna
Monette is the coordinator of her group Fe y Amor 7 (Faith and Love). She makes her home here in a simple structure with her long-term partner and their four children. She said her most difficult challenge is to work in a foreign country. In the meantime, she plans to continue enjoying attending church and singing to the Lord.

Monette is excited to be taking her second loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for around six years, starting with her savings of $500. She plans to use this loan to invest in her business by buying clothing like dozens of skirts, pants, shirts and shoes for women, men and children. She will use the profits to buy more products. She is dreaming to have more merchandise and improve her business

This Esperanza associate is one of a group formed by Haitian citizens who live in the Bateyes area around Romana's sugarcane field. Her 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 the rural areas surrounding La Romana, an area where the economy is dominated by sugarcane and upscale tourism. 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 36.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe Y Amor 7 Group's $1,700 loan helped a member to buy shoes, clothes, miscellaneous products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2010
Listed
Oct 22, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011