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La Nueva Esperanza 4 Group
In this Group: Rudelania, Juan, Edwing, Magdalena, Yonaisy
Rudelania is the coordinator of her group, La Nueva Esperanza (The new hope) 4, which is composed of five micro-entrepreneurs and located in the city of San Pedro de Macoris. Their community is a rural area surrounded by fields of sugarcane.

Rudelania has operated a business selling jewelry and accessories mainly for women. She runs a little 'fantasia' (a small store where she sells different products). She will use her loan to increase her inventory by buying miscellaneous products such as cosmetics, jewel, etc.

Rudelania and her long-term partner live together with their three children. Her most important challenges are to work hard to gain extra income and to better her home structure. She is receiving her first loan from Esperanza Internacional. Rudelania would like to save her profits to build her house.

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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,061,225
    Funds lent in using Kiva
  • 39.0
    Dominican Republic Pesos (DOP) = $1 USD