Check out some available loans that are similar to this one!
Dios Es Bueno 1, 2 & 3 Group
In this Group: Margarita, Iris, Yolette, Elyfainte, Leonie, Juana, Vivalena, Malena, Dailia, Cathiana, Carmen, Merita, Lidia, Anisa, Denise
Margarita is excited to be taking her second loan with Esperanza. She is the coordinator of her group Dios es bueno 1, 2 & 3 (God is Great). Margarita's group is located in the rural areas surrounding La Romana, where the sugarcane 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. Her community is a batey, where most of the citizens are Haitians who emigrated to work in different industries in the Dominican Republic. This group is composed of 15 Haitian businesswomen.

Margarita has had her business for around a year. She plans to use this loan to invest in her business by purchasing bread, jam, cheese, fruits, sugar and snacks for her food stall, where she will add more meals, such as rice, beans and meat to sell for lunch. Her profits will be used as savings because her children will start school again in about 3 months and she need the money for their school supplies.

Margarita makes her home in a simple structure with her four children and her long term partner. She says that her most difficult challenge is to educate and raise her children in a foreign country and to proviD. what her spouse can't. By working and selling, she helps to bring income to her household. In the meantime, she plans to continue enjoying to cook and have fun with her family by watching tv and doing other activities.

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 38.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Dios Es Bueno 1, 2 & 3 Group's $4,000 loan helped a member to buy goods such as fruits, vegetables, sugar, onions, cheese, bread, rice, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2011
Listed
Jun 27, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2011