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Los Claveles 1 & 2 Group
In this Group: Inocencia, Ynmaculada, Yeny, Aguedita, Yinet, Soraida, Nadege, Ana, Celestina, Monica
Inocencia is the coordinator of her group "Claveles" 1 & 2 (Carnations). She makes her home here in a simple structure with her long-term partner and their three children. She says that her biggest challenge is to help her daughter to become a professional.

Inocencia is excited to be taking her first loan with Esperanza. She plans to use this loan to invest in her fruits and vegetables stall, by buying different fruits and vegetables. She will also buy charcoal and meat. She will use the profits to reinvest in her business, because she wants to have an improved business.

Her story is representative of her group and of Esperanza's Haitian and Dominican clients, many of whom recently emigrated to the DR from Haiti. Her group is located in the urban slums surrounding Santo Domingo. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable electricity and running water. None of the water is potable.

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
  • 10
    View loans »
    Dominican Republic Loans Fundraising
  • $8,003,200
    Funds lent in using Kiva
  • 37.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Claveles 1 & 2 Group's $2,325 loan helped a member to buy fruits and vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2011
Listed
Feb 22, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011