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Nuevo Porvenir 1, 2 & 3 Group
In this Group: Damaris, Arianny, Juan, Ingrid, Yissel, Eligio, Ramona, Maridanes, Lidia, Justina, Altagracia, Esperanza, Jesucita, Santa, Mercedes
Damaris is the coordinator of her group Nuevo Porvenir (New future) 1, 2 & 3. This group is composed of 15 entrepreneurs (women and men) located in the city of San Pedro de Macoris. Their community is a rural area surrounded by fields of sugarcane. She works selling miscellaneous products such as silver jewelry, clothes and shoes. She will use her loan to purchase jewelry such as bracelets, rings, earrings, and some pairs of shoes for women and men.

Damaris is a mother of three children and they still live together with their father (her long-term partner). Her most important challenge is to ensure that her children have a good future. She will make it possible by working hard. Damaris is receiving her fifth loan from Esperanza Internacional and, because her loan repayments have all been made punctually, she has been able to grow her business with the re-investment she makes from each loan. She started her business three years ago and at that time only sold clothes. By taking loans, she started to introduce different products. She would like to save her profits so that she can pay for her children's university education and be able to provide them with a safe home as she also has plans to improve her house.

In this loan, we are adding three pictures. They were taken in their community. The three pictures complete the group of 15 members.

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
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    Dominican Republic Loans Fundraising
  • $7,918,800
    Funds lent in using Kiva
  • 38.6
    Dominican Republic Pesos (DOP) = $1 USD