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La Fuente De Cristo 1, 2, 3 Group
In this Group: Marcelo, Ana, Ana, Josefa, Mercedes*, Ruben, Anna, Silvana, Yanilda, Elena, Amelia, Ninina*, Mimosa, Antonia, Mirtha
* not pictured
Marcelo is the coordinator of his group, La fuerza de Cristo 1, 2, & 3 (The strenght of Christ). He makes his home in a simple structure with his wife and a child. He says that his most difficult challenge have been to develop his business.

Marcelo is excited to be taking his third loan with Esperanza, having successfully repaid his previous loans and grown his business. He has had his business for 5 years. He plans to use this loan to invest in his business to buy rice, flour and other foods. He will use the profits to buy a vehicle that he needs to transport the goods to his business.

Marcelo's story is representative of his group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. His group is located in the rural areas surrounding La Romana, where the sugarcane harvest and tourist industry dominate the economy. 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
  • $8,158,875
    Funds lent in using Kiva
  • 37.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fuente De Cristo 1, 2, 3 Group's $2,900 loan helped a member to buy rice, beans, sugar, oil, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 1, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011