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Cristo La Fuente 1, 2 & 3 Group
In this Group: Graciela, Eliana, Cleanta, Mourancy, Disiana, Annette, Dominga, Yemena, Nathasha*, Elma, Naya, Maria, Mimosa, Falid, Floda
* not pictured
Graciela is the coordinator of her group, Cristo la Fuente 1, 2, 3 (Christ the Source). She makes her home in a simple structure with her long-term partner and their 4 children. She says that her most difficult challenge is saving enough money to buy a house and to return to Haiti as she has been living in the Dominican Republic. She came to the Dominican Republic to work and to get a better future. In the meantime, she plans to continue attending church.

Graciela is excited to be taking her 6th loan with Esperanza. She has had her business for almost 8 years, and it was started with a loan from a family living in the Dominican Republic. She plans to use this loan to invest in her business by purchasing clothing, cosmetic products and shoes. She has been saving her profits because she wants to make her dreams come true. She wants to have her own house and to move back to Haiti.

Graciela's group is located in the rural area surrounding La Romana, where the sugarcane harvest and tourist industry dominate the economy.

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 38.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo La Fuente 1, 2 & 3 Group's $4,150 loan helped a member to purchase clothing, cosmetic products and shoes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2011
Listed
Dec 26, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012