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La Nueva Esperanza 2 & 3 Group
In this Group: Emilio, Ramona, Raimundo*, Santa, Ana, Francisca, Yenel, Liliana*, Niorki, Bartolo
* not pictured
Emilio is one of the members of the group La Nueva Esperanza (New Hope 2 & 3). This group is comprised of micro-entrepreneurs dedicated to selling clothing, natural goods, shoes, working as educators, and other professions. Members work in the city of San Pedro de Macoris, a city famous for its athletes and sugar industry. Emilio is receiving his ninth loan, almost five years after receiving his first. He has successfully invested and repaid his previous loans. Emilio runs a business where he sells miscellaneous items such as shoes, cosmetics, clothing, and other products.

Emilio is planning to use his loan to buy clothing, cosmetics, and shoes. He will save his profits to continue building his house. Emilio enjoys listening to music, and his goal is to faithfully repay his loans to continue investing in his business. His dream is to improve his social condition and to buy a large vehicle, like a truck or a pick-up truck.

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,374,650
    Funds lent in using Kiva
  • 38.7
    Dominican Republic Pesos (DOP) = $1 USD