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La Confianza 1, 2 & 3 Group
In this Group: Eulalia, Luz, Ramona, Maria, Rosa, Martha, Ana, Anette, John, Wilma, Paul, Maria, Paulina, Georgina, Dominga
Luz is very excited about receiving her first loan from Esperanza International. She manages a sewing business where she makes clothes, school uniforms, and decorations. This loan will be invested in fabrics and accessories used in making a few of the products that she sells. Her earnings will be reinvested in her business because she wants to expand her sales and her product line.


Luz is part of the group “La Confianza” (Confidence) along with 14 other members. All of them sell products and merchandise either as street vendors or from their homes. Luz joined Esperanza International because she needed capital for her business. She will also be able to invest, expand her inventory, and share with the other members of her group who also want to expand their businesses as well as improve their lives and their community. Luz’s story is representative of the other members of her group and clients of Esperanza. They are Haitians (most of whom have emigrated to the Dominican Republic from Haiti, some just recently) and Dominicans who live in the poorest communities of the Dominican Republic that lack potable water and reliable electricity.

View original language description ↓
Luz está muy emocionada D. recibir su primer préstamo en Esperanza Internacional. Ella opera un negocio D. confección, donD. fabrica ropas, uniformes escolares, y decoraciones. Esta tomando este préstamo para invertirlo en telas, y accesorios para poder fabricar algunos productos y venderlos. Sus ganancias van a ser reutilizada en el mismo negocio, ya que desea expandir sus ventas y productos.

Pertenece al grupo La Confianza, junto a otros 14 miembros, todos dedicados a la venta ambulante y en sus hogares D. diversos productos y mercancías. Está asociada D. Esperanza comenzó con nosotros porque necesitaba capital para su negocio, D. esta manera pueD. invertir, ampliar su inventario y compartir con sus vecinos en un grupo que busca hacer crecer sus negocios, sus vidas y su comunidad. Su historia está siendo usada para representar a los demás miembros D. su grupo y a los clientes D. Esperanza, tanto los haitianos (quienes en su mayoría ha emigrado hacia la República Dominicana desD. Haití, algunos D. ellos recientemente) y los dominicanos, quienes por lo general viven en comunidades muy pobres, esta zona, como muchas otras zonas D. escasos recursos en la República Dominicana, carecen D. agua potable y energía eléctrica constante.

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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 37.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Confianza 1, 2 & 3 Group's $3,575 loan helped a member purchase fabrics, needles, buttons, and other supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2011
Listed
Feb 19, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2011