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Nueva Union 3 & 4 Group
In this Group: Bernarda, Dominga, Lucrecia, Betania, Andres, Edili, Maxima*, Eusebia, Paula, Maria
* not pictured
Bernarda is one of the members of a group called Nueva Union 3 & 4 (New Union), and 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. Her group is located in Samana, a lush but rugged peninsula with a nascent tourism industry, where running water (none of which is potable) and electricity are unreliable. She enjoys attending church and sharing with her group friends. She is very committed to improving her business and helping others joined in solidarity.

Bernarda is excited to be taking her first loan with Esperanza and is excited for the opportunity to grow her business. She plans to use this loan to invest in her business selling clothes by walking to and taking the clothing into different communities. She sells different models and styles. She will use the profits to invest in her home by purchasing food and repairing her house, she need to make some changes to it. She would also like to save to reinvest if someone orders a bigger quantity. She thanks you all 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

  • $7,611
    Average annual income
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,088,925
    Funds lent in using Kiva
  • 37.5
    Dominican Republic Pesos (DOP) = $1 USD