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Enciende Una Luz 1 & 2 Group
In this Group: Ramona, Xiomara, Felicia, Santa, Mariel, Francisca, Angela, Juana, Antonia, Rosalia
Ramona is a single mother with 4 children who lives in the beautiful town of Samana. This area is a nascent tourist zone, surrounded by the Atlantic ocean and mountains, rivers and natural breezes. Ramona says her most important challenge is to raise her children and guide them in a good way. She enjoys the kitchen and cooking.

Ramona is receiving her second loan from Esperanza Internacional, after having successfully repaid her previous loan. She started her food business 8 months ago with the first loan she took from us. She will use this loan to purchase seafood, meat, chicken and vegetables. With her business profits (for the long term) she will save because she needs to repair her house and make her business prosperous.

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

  • $7,611
    Average annual income
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 38.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Enciende Una Luz 1 & 2 Group's $2,950 loan helped a member to buy seafood, meat, chicken and vegetables for her food business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2011
Listed
Nov 23, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012