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La Nueva Esperanza 1 & 4 Group
In this Group: Fior, Miraassant, Silvelia, Sandy, Otima, Danaury, Edwing, Magdalena, Juan, Yonaisy
Flor is one of the members of La Nueva Esperanza 1 & 4 (New Hope 1 & 4). 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. At present, its economy depends on duty-free industrial zones, the cement industry, and other minor activities like tourism.

Flor is the mother of two children. Together with her husband, she has been able to provide necessities for her family. She works selling clothing. Four years after receiving her first loan, she is receiving her eleventh loan. Flor has successfully invested and repaid her previous loans.

Flor is planning to use her new loan to purchase new clothes for men, women, and children. The most difficult part of her work is collecting money from people who have bought products on credit. Flor will save her earnings to continue providing necessities for her home and finish building her house. Flor's favorite activity is studying. Her dream is to graduate as a computer engineer while pursuing her business and to be able to pay for her college education.

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 38.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Nueva Esperanza 1 & 4 Group's $3,325 loan helped a member to buy clothes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2011
Listed
Jan 16, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012