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Esperanza Para Vivir 1 Group
In this Group: Mayra, Bienvenida, Juana, Altagracia, Angelita
Mayra is the coordinator of her group Esperanza para Vivir 1 (Hope to live). The group is located in Santiago, the second biggest city in the Dominican Republic, known for its tobacco and beef production. The group members are dedicated to selling clothes, food, shoes and jewelry.

Mayra, who lives in a simple structure with her parents' family, is a single woman without kids. She is a dedicated woman, working hard and helping her parents, saving money for her future and increasing her business. Mayra started taking loans with Esperanza International because her business needed capital to increase her sales and inventory. Her business has been running for around 4 years and she is excited to be taking her third loan from Esperanza International to buy various products like cosmetics, clothes, shoes and others.

Mayra will reinvest her profits in her business. She thanks all of you 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
  • 15
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    Funds lent in using Kiva
  • 38.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Para Vivir 1 Group's $1,700 loan helped a member to buy miscellaneous products (cosmetics, shoes, clothes).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Mar 19, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012