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La Esperanza 2, 3 & 4 Group
In this Group: Elena, Alexander, Yany, Rosa, Regina, Saintemene, Elena, Rosa*, Violeta, Maria, Altagracia, Carmen, Yaquelin, Josefa, Amado
* not pictured
Elena is the coordinator of her group, La Esperanza 2, 3 & 4 (Hope). She lives in the city of La Romana, where the sugar cane harvest and tourist industry dominate the economy. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable running water (none of which is potable) and electricity.

Elena has been working for 13 years. At the start, she was selling miscellaneous products. Now she is running a butcher shop where she sells all kind of meats and sausages. She also runs a vegetable stall in her community. She is requesting a loan, which she will use to purchase meats.

She lives with her six children and their father. Her most difficult challenges are to buy her house and to have an improved business with increased income to help with her family's expenses. Thank you for your support!.

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
  • 15
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    Funds lent in using Kiva
  • 37.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza 2, 3 & 4 Group's $4,500 loan helped a member to purchase meats.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2011
Listed
Mar 22, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 16, 2011