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Amor Y Esperanza 1, 2 & 3 Group
In this Group: Alfonzo, Charitese, Argentina, Roseline, Martha, Altagracia, Rafael, Licila, Maria, Keila, Milagro, Liciena, Keyra, Diosangela, Paula
Alfonzo is one of the members of the group called Amor y Esperanza (Love and Hope) 1, 2 & 3. This group is located in the rural area surrounding La Romana, where the sugarcane harvest and tourist industry dominate the economy. He makes his home in a simple structure with his two children and his wife. He says that his most important duty is to work hard by selling more products to provide for his family.



Alfonzo is excited to be taking his sixth loan with Esperanza, having repaid his previous loans and grown his business. He plans to use this loan to invest in his business by buying shoes, clothes and cosmetics such as body lotion, perfume, deodorant and other products. He will reinvest the profits in his business and take home money for food, clothes and other needs. His future plans are to develop a successful business within his local area. He 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

  • $7,611
    Average annual income
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 39.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Amor Y Esperanza 1, 2 & 3 Group's $4,375 loan helped a member to buy miscellaneous products (shoes, cosmetics, clothes).
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
Jun 16, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012