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La Esperanza 1 & 2 Group
In this Group: Altagracia, Aliana, Gessivoir, Bonith, Andreciane, Julio, Florangel, Michel, Jean, Evanise
Altagracia is one of the members of the Group La Esperanza 1 & 2 (Hope), located in the city of San Pedro de Macoris, where the primary economic activities are commerce, industrial cement plants, and household and cosmetic products. Altagracia sells all kind of fruits in a little stall next to her house. After two loans with Esperanza, she expanded has expanded her business. Now she is receiving her third loan.

With this new loan, she is planning to inveS.in more fruit and make some changes to her stand. She wants to attract more customers. She tells us that her challenge is to help her 3 children to grow with health and education, also to help her long-term partner by working hard and bringing extra income to their home.

Altagracia´s dreams are to improve their lives with a better home, grow a bigger and sustainable business, and to see all her children become professionals and good people. She is planning to reinveS.her profits in the business and save. She wants to start building her house.

She thanks all of 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

  • $7,611
    Average annual income
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,088,925
    Funds lent in using Kiva
  • 38.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza 1 & 2 Group's $3,025 loan helped a member to buy fruit.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2011
Listed
Aug 16, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 21, 2012