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Exito Con Cristo 1, 2 & 3 Group
In this Group: Martha, Ramona, Lucia, Casimira, Maria, Santa, Adela, Altagracia, Maritza, Carmen, Emerenciana, Elizabeth, Milagros, Eugenia, Elsa
Martha is the coordinator of her group Exito Con Cristo 1, 2 & 3. She makes her home here in a simple structure with her two children. She says that her most difficult challenges are to raise her children and to educate them. In the meantime she plans to continue enjoying to be at her home and to cook.

Martha is excited to be taking her third loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for almost two years, starting with her first Esperanza loan. She plans to use this loan to invest in her business by buying jeans, shirts, shoes, etc. She will use the profits to invest in her business, she will purchase more products to expand her December sales.

This Esperanza association began with us because she needed to start a business and her story is representative of her group and of Esperanza's Haitian (many of whom recently emigrated to the DR from Haiti) and Dominican clients generally. Her group is located in San Pedro D. Macoris, a city famous for baseball players and sugar cane industries. The main economic activities are: the Free trading zone, a cement factory, and others. This area, like nearly all impoverished areas in the Dominican Republic, suffers from unreliable running water (none of which is potable) and electricity.

For this group of 15 we decided to take two pictures instead of one, where faces are visible. They all belong to the same Bank of Hope.

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 37.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Exito Con Cristo 1, 2 & 3 Group's $3,225 loan helped a member to buy clothes to resell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2010
Listed
Dec 6, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011