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Genesis 4, 5, 6 & 7 Group
In this Group: Isabel, Bienvenido, Festa, Fatima, Luisa, Creomena, Francisco, Maria, Cristina, Yesenia, Ramona, Selima, Rachel, Elena, Amefeta, Manyeta, Julio, Rosa, Maria, Philomena
Isabel is the coordinator of her group "Genesis 4, 5, 6 & 7". Her group is located in the rural area surrounding El Seybo, an agricultural area. Before Esperanza went to her community, she was thinking about how to start a business, but she didn't have money for it. Some neighbors invited her to join a group, and now 20 members are having loans and doing business like selling shoes, clothing, cosmetics, and many other small businesses.

Isabel plans to use this loan to invest in her business by purchasing gum, lollipops, snacks (chips), and others. She has had her business for almost two years, starting after the first loan she received from Esperanza. She is excited to be taking out her third loan with Esperanza after having successfully repaid her previous loan and expanded her business. She will save her profits to reinvest in her business.

She makes her home here in a simple house with her long-time partner and their two children. She says that her most difficult challenge is to raise her children and to give them all they need; they are attending school. In the meantime, she enjoys singing and dancing. She is Haitian and she immigrated to Dominican Republic for a better future.

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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,088,925
    Funds lent in using Kiva
  • 38.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Genesis 4, 5, 6 & 7 Group's $4,700 loan helped a member to buy gum, lollipops, snacks (chips), and others.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2011
Listed
Jan 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012