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Carmen
Carmen is one of Esperanza International's entrepreneurs. She has been taking loans with Esperanza International since she started her business selling natural fruit juices in her house seven years ago, in one of the rural communities in the city of Samana.

She is one of the members in the group called Mujeres Unidas (united women) located in one of the rural villages in the city of Samana. She has invested her 12th loan in her business selling natural fruit juices. Now she is receiving her 13th loan to improve her housing, having shown herself to be a dedicated woman, paying well all her previous loans and expanding her business.

She is the mother of two children and she lives together with her husband in a simple home structure. They are working hard to change their home structure, and they decided to take a loan with Esperanza to start improving their house. With this loan they will buy concrete blocks, cement, and other building materials. They will make and fix some of their house walls.

Esperanza International is running a program where most of their good clients -- those who have fulfilled the commitment to grow their businesses and have shown fidelity in their groups -- can take loans to improve their house structure, while running their businesses and attending to their group meetings.

Carmen thanks all of you for your support!

Additional Information

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Dominican Republic

  • $9,700
    Average annual income
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,221,500
    Funds lent in using Kiva
  • 38.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Carmen to buy concrete blocks, cement and other building materials.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
May 3, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013