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Las Asusenas Group
In this Group: Antonio, Deisy, Martha, Antonio, Maria, Petronila, Felipa, Daysi, Alejandro*, D'oleo
* not pictured
Antonio is a 47 year-old man who never stops working hard, nor trying to improve the quality of his life. He lives in an impoverished community on the outskirts of the capital of Santo Domingo with his wife and an additional six family members.


He has owned a small colmado for some time, but is requesting this loan to improve, expand and grow his little business. A colmado, a very common type of business in the Dominican Republic, is essentially a small grocery store that offers community members basic food provisions (rice, beans, vegetables), as well as soaps, beverages, and miscellaneous household items. With the loan, he plans to expand his range of inventory and thereby attract new clients.


He dreams of one day having his own large grocery store, not just a neighborhood colmado, and believes that by continuing to work hard, saving, and being responsible, it is a real possibility. He insists that his children continue studying so that they can be productive members of society, and hopes that he himself will always progress in both his personal and economic life.


On behalf of everyone here at Esperanza International, and from Antonio himself, we thank you for your support with this micro loan!

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 33.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Asusenas Group's $3,825 loan helped a member to purchase household goods and food products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 14, 2008
Listed
Mar 28, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 16, 2008