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Dios Es Bueno 1, 2 & 3 Group
In this Group: Margarita, Yolette, Elyfainte, Elaine, Leonie, Juana, Vivalena*, Malena, Dailia, Cathiana, Carmen, Merita*, Lidia, Anisa, Denise
* not pictured
Margarita is the coordinator of her group Dios es bueno 1, 2 & 3 (God is great). She makes her home here in a simple structure with four children and her long term partner. She says that her most difficult challenge is to educate and raise her children, in a foreign country, and proviD. what her spouse can't. In the meantime she plans to continue enjoying to cook and have fun with her family by wacthing tv and others.

Margarita is excited to be taking her first loan with Esperanza. She has had her business for 3 months, starting with her some money she saved, of her family expenses. She plans to use this loan to invest in her business by purchasing bread, jam, cheese, fruits, sugar, snacks, and others. She will use the profits to buy some present for her children in christmas time and she want to save to reinvest in her business.

This Esperanza associate began with us because she wants to have a business and she was needing the capital to start one. 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 the rural areas surrounding La Romana, where the sugarcane harvest and tourist industry dominates 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

  • $7,611
    Average annual income
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 37.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Dios Es Bueno 1, 2 & 3 Group's $3,050 loan helped a member to buy bread, jam, cheese, fruits, sugar, snacks, and others.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2010
Listed
Jan 8, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011