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Fuente Para El Desarrollo 1 & 2 Group
In this Group: Modesta, Leocarina, Rosario, Virginia, Santa, Felix, Agueda, Justina, Edikson, Wendy
Modesta is a talented and dynamic woman. She lives in the beautiful town of Samana with her husband. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable running water (none of which is potable) and electricity. Modesta wants to expand her business (a Comedor, home restaurant, where normally clients are from the same community, especially for lunch), into a small restaurant where she can sell breakfast, lunch and dinner. She is excited to receive her 10th loan, and wants to continue improving her business in the future.

With this loan, she will be able to buy goods to prepare meals, like rice, meat, beans, tables, chairs, etc. She intends to use her business profits to invest in her business, buying more chairs, tables, tablecloths and other items.

Her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally.

Thanks for supporting this group of entrepreneurs!

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,374,650
    Funds lent in using Kiva
  • 37.5
    Dominican Republic Pesos (DOP) = $1 USD