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Dios Proveera 1, 2 Group
In this Group: Yovany, Elena, Sofia*, Francis, Helena, Francia*, Oxenmene, Nelly, Esmena, Yena
* not pictured
Yovany is excited to be taking her fifth loan with Esperanza after having successfully repaid her previous loan and expanded her business. She plans to use this loan to invest in her business selling miscellaneous products. She will buy clothing, shoes, cosmetics and household products. She will use the profits to reinvest in her business. She wants to have a successful, big wholesale store. In the short term, she wants to have a locale for her business.

Yovany is a member of the group called Dios Proveera 1, 2 ("God Will ProviD."). Her story is representative of her group and of Esperanza's Dominican and Haitian clients generally, many of whom recently emigrated to the DR from Haiti. Her group is located in the rural areas surrounding L. Romana, where the economy is dominated by the sugarcane harvest and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her long-term partner and their three children. She thanks you for your support.

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,374,650
    Funds lent in using Kiva
  • 37.3
    Dominican Republic Pesos (DOP) = $1 USD