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Esperanza En Paraiso 1 & 2 Group
In this Group: Maria, Natacha, Leocadia, Altagracia, Margarita, Alejandrina, Maria, Paula, Candida, Cristina
María is the “Esperanza en el Paraíso” (Hope in Paradise) group coordinator. It is located in the city of Puerto Plata, a city whose main activities are tourism and a rum distillery; real estate is also strong in this city. These are the main sources of employment. The group is mostly involved in sales of jewelry, clothing, shoes, accessories, cosmetics and food, among other miscellaneous products.

María’s family is composed of her spouse and five family members, children and relatives among them. She tells us that she’s always been a hard working woman and has always sought to have various businesses. For example, she currently has a grocery store that she started about two years ago after having started out in underwear sales; she used profits she gradually saved to start a grocery store, which in the Dominican Republic are called “colmado.” Upon receiving this second loan she plans to use it to buy several products like: rice, beans, canned goods, snacks and sugar, among other daily use items.

Her challenges are to reach her dreams of having a large grocery store or a supermarket so that both her children and family can work in the family business, to have good economic stability and peace of mind. She wants to have the opportunity of helping her community and provide her children with the basic needs of food, clothing and education.
View original language description ↓
María es la coordinadora del grupo Esperanza en el paraíso, localizado en la ciudad de Puerto Plata, una ciudad cuya actividades principales es el turismo y una fabrica de ron, también esta ciudad es fuerte en el sector inmobiliario, son las principales fuentes de trabajo. Se dedican mayormente a la venta de Joyas, Ropa, Calzados, Accesorios, cosméticos, alimentos, entre otros productos misceláneos.

María posee una familia conformada por su pareja sentimental y 5 descendientes, entre ellos hijos y familiares. Nos cuenta que siempre ha sido una mujer trabajadora, y siempre ha buscado la manera de tener diferentes negocios, por ejemplo actualmente posee un colmado el cual inicio hace ya unos 2 años y medio, después de haber iniciado a vender ropa interiores, y con las ganancias, las cuales fue ahorrando pudo comenzar su tienda de comestibles, lo que en Republica Dominicana llamamos colmado. Al recibir este segunda préstamo, sus planes son invertirlo en diferentes mercancías como arroz, habichuela, productos enlatados, botanas, azúcar, entre otros productos de consumo diario.

Sus retos son poder lograr sus sueños de tener un colmado grande o un súper mercado, y que tanto sus hijos como su familia pueda trabajar en el negocio de la familia. Tener una buena estabilidad económica, y tranquilidad. Desea tener la oportunidad de ayudar a su comunidad y proveer a sus hijos sus necesidades de alimentación, vestimenta y educación.

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
  • $8,088,925
    Funds lent in using Kiva
  • 37.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza En Paraiso 1 & 2 Group's $2,450 loan helped a member to buy merchandise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2011
Listed
Feb 18, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011