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Unidas Para El Futuro 1, 2 & 3 Group
In this Group: Rafaela, Yrene, Rosita, Altagracia, Luz, Enrique, Ysabel, Felicia, Geanny, Maria, Ana, Ruth, Raisa, Cruz, Santa
Rafaela is the coordinator of her group, Unidas para el Futuro (United for the Future) 1, 2 & 3, and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally — many of whom recently emigrated to the DR from Haiti. Her group is located in the slums, north of the capital. She lives in a simple structure home with her four children and her long term partner. She has had her business for around 5 years, which she started after she need to find money for her home needs, because her partner's incoming funds were too slow.

Rafaela is excited to be taking out her 4th loan with Esperanza to invest in her business, a Beauty Salon where she also sells underwear and miscellaneous products. She will use the profits to save towards owning her own home and helping her children to get a good education. She 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

  • $9,700
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 38.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Unidas Para El Futuro 1, 2 & 3 Group's $5,725 loan helped a member to buy hair and beauty products and underwear.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013