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Creciendo Para El Futuro 1, 2 & 3 Group
In this Group: Adriana, Eugenia, Fabio*, Emiliano, Carmen, Floira, Maria, Ligia*, Natividad, Juliana*, Paula, Dominga, Clara, Brunilda, Cecilia
* not pictured
Adriana, a single mother with one child, is the coordinator of her group Creciendo para el futuro 1, 2 & 3, (Growing for the Future). She makes her home here in a simple structure and is working hard to take care of her son.



Having repaid her previous loan and grown her business, Adriana is excited to be taking her fifth loan with Esperanza. She has had her business for around three years, cooking foods and delivering them to people. She plans to use this loan to invest in her business by buying a freezer, and will use additional profits to save and buy a computer for her son. In the near short future, she wants to build her house.



This Esperanza associate began with us because the loans are for business and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. 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

  • $9,700
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,150,000
    Funds lent in using Kiva
  • 36.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Creciendo Para El Futuro 1, 2 & 3 Group's $4,650 loan helped a member to buy a freezer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011