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Luis M. is a 52-year-old man who lives on the outskirts of the capital of Santo Domingo in the Dominican Republic. He has a small business selling used and new clothes, but in the past year he has experienced a significant increase in demand and has began to do very well—his biggest challenge right now is that he simply does not have the capital available to buy enough merchandise to adequately keep up with demand from his community members.

Luis plans to use his loan to go to the large market place in the heart of the capital, called La Duarte. There, he will be able to buy his clothes in bulk and, with the help of the loan, he will not only be able to buy the amount he actually needs, but he will also be able to save money on the discounted wholesale price he receives.

His dream is to help his children be able to go back to one of the local universities in the area so that they can become professionals, and he also hopes to build and buy his own home one day in the near future.

On behalf of Luis and everyone here at Esperanza International, we thank you for supporting his dreams and goals!

About Dominican Republic

  • $9,700
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,285,475
    Funds lent in using Kiva
  • 34.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Luis to increase the quantity of clothes and merchandise he is able to buy and sell to his community members.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 5, 2008
May 16, 2008
Currency Exchange Loss:
Jul 15, 2009