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El Gran Esfuerzo 1, 2 & 3 Group
In this Group: Edicto, Nanci, Maria, Niurca, Lorenza, Natacha, Margarita, Gregorio, Eliana*, Digna, Crisela*, Leonida, Guerda*, Evelin, Kenny
* not pictured
Edicto is one of the members of the El gran esfuerzo ("the great effort") 1, 2 & 3 Group located in the city of Hato Mayor, a primarily agricultural region. It is one of the most rural cities. The population of this area is comprised of Dominicans and Haitian immigrants. This group is dedicated mostly to the door-to-door business, carrying their products by walking in different communities.

Edicto is a hardworking father of six children. He lives with two of them and their mother, and the rest of his children are living in their own home and some in Haiti. He tells us that his biggest challenge is to have his own house, and he is saving his business profits to start building it. He operates a clothing sales business, and with this loan he will invest by purchasing products like pants, blouses, shirts, and underwear.

Edicto is very excited to receive his tenth loan through Esperanza Internacional, after having successfully repaid his previous loan. He has had his business for about six years. He started with the first loan he received from us. His dream is to have a house and to live quietly in it with his family.

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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 38.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Gran Esfuerzo 1, 2 & 3 Group's $3,675 loan helped a member to buy clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012