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Luz Y Esperanza 1 Group
In this Group: Teresa, Eunice, Ana, Yroneli, Lourdes
Teresa is the coordinator of her group, Luz y Esperanza ("Light and Hope"), and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the DR from Haiti). Her group is located in the urban slums surrounding Santiago, an area known for its tobacco production, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her husband and three children.

Teresa plans to use this loan to invest in her business of selling miscellaneous products. She will invest this loan to buy clothing, shoes, cosmetics and accessories. She will use the profit to reinvest in her business and to save for the future. Before she started her business she couldn't save, but thanks to her business and these loans, her business is going well and she can save her profits.

Teresa is excited to be taking her 4th loan with Esperanza after having successfully repaid her previous loan and grown her business. She thanks you all for your support.

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,150,000
    Funds lent in using Kiva
  • 38.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Y Esperanza 1 Group's $1,775 loan helped a member to buy clothes, shoes, cosmetics, etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2012
Listed
Jan 27, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012