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Nueva Vida  1 & 2 Group
In this Group: Patria, Glenis, Silvina, Cristina, Mariana, Carmen, Gabriela, Ramona, Cristina, Milagros
Patria is one of the members of the "Nueva vida" 1 y 2 *New Life* group, a group in which the majority are Haitian immigrants who live in the city of La Romana, where the economy depends on the sugar industry and on luxury tourism. It is becoming one of the most exclusive destinations in the Dominican Republic. There is a scarcity of potable water and of electricity, and there is a population of people from the Dominican Republic and Haitian immigrants. Their principle activity is new clothing sales.

Patria is a single mom with three children. Her most difficult challenge has been to work for her children, in a different country with a different culture. She really enjoys working, and she doesn´t know what is to be lazy at home. Unless she is sick, she needs to be doing something, selling or doing household activities.

Patria is very excited to receive her first loan from Esperanza International. She has had her business for about 10 years, when she began selling miscellaneous products. She is planning to invest her loan in the purchase of new clothes, especially spring and summer clothing. Easter is close and the weather is very warm; people are waiting to go to the beach and use light clothing. She plans to use her earnings to reinvest in her business and to provide all they need as a family. Thank you so much for supporting this group.

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
  • $7,912,075
    Funds lent in using Kiva
  • 37.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Vida 1 & 2 Group's $2,150 loan helped a member to buy clothes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2011
Listed
Mar 18, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011