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La Union Hace La Fuerza Group
In this Group: Denise, Estelina, Janithe, Elicia, Eliasienne, Marie, Anne, Venicia, Daphne, Jacsinette, Monique, Gladis, Kelly, Mimose, Alina
Denise P. is the president of her Bank of Hope in the small community of Imbert, on the north coast of Puerto Plata. 28 years old, she is married with one child. Denise sells new clothing out of a small store, and takes pride in the fact that she sells good quality clothing. She attends a Baptist church in the area, and enjoys reading her Bible in her spare time. Her favorite foods are rice and chicken, but she also likes the “ducles” that people are famous for in the Dominican Republic. She hopes that one day she can buy a house and a car because it would make her life much easier.


This is the first loan that this community has applied for, and they are all very excited to improve and start their businesses. Many of the women in this bank are Haitian, and have come to the Dominican Republic in hopes of a better life and future. Esperanza hopes that every single one of these women will experience success and begin the process of lifting themselves out of poverty.


Oh behalf of this entire group, and Esperanza – thank you for your continued support and generosity!

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
  • $8,221,500
    Funds lent in using Kiva
  • 33.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Union Hace La Fuerza Group's $2,225 loan helped a member to invest in new clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 18, 2008
Listed
Mar 31, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 19, 2008