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Primera Esperanza 2 & 3 Group
In this Group: Rosa, Margarita, Luz, Marcelina, Juan, Dominga, Ruth, Luis, Mercedes, Flor
Rosa is a member of the group Primera Persona 2 & 3 ("First Person"). She makes her home in a simple structure with her long-term partner and three of her four children. She says that her most difficult challenge is to build her house. In the meantime, she plans to continue enjoying her business.

Rosa is excited to be taking out her 11th loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for five years, starting with her first Esperanza loan. She plans to invest this loan in her business by buying perfume, cosmetics, underwear, etc. She will save the profits to pay for her children's transportation (they attend university in another city and they have to travel weekly).

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) generally. Her group is located in Hato Mayor, an area famous for agricultural activities and the rural scene. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable electricity and running water (none of which 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 37.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Primera Esperanza 2 & 3 Group's $3,475 loan helped a member to buy perfume, cosmetics, underwear, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011