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Amor Y Esperanza 1, 2 Group
In this Group: Elene, Abril, Jacinta, Devance, Idalia, Yolanda, Rosela, Siliene, Nairobis, Fidelina
Elene is the coordinator of her group Amor y Esperanza 1, 2 (love and hope). She makes her home here in a simple structure with her long-term partner and their three children. She says that her dream is to have her own house.

Elene is excited to be taking her fourth loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for amost 14 years, starting to sell products before she moved to the Dominican Republic. She plans to use this loan to invest in her business by buying different products like clothing, shoes, and cosmetics. She will also use future profits to reinvest in her business.

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 urban slums surrounding Santo Domingo. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable electricity and running water — none of which is potable.

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
  • 5
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 37.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Amor Y Esperanza 1, 2 Group's $3,675 loan helped a member to buy miscellaneous products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2010
Listed
Dec 17, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2011