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Amor Y Esperanza 1, 2, 3 & 4 Group
In this Group: Elene, Wendy, Ivelisse, Rosa, Yolanda, Luz, Milagros, Ynes, Maria, Yudelkys, Maria, Cornelio, Noemi, Arelis, Orquidea, Juana, Sofia, Marcelina, Ana, Justina

Update on Amor Y Esperanza 1, 2, 3 & 4 Group

Elene and her group have paid back their loan and are requesting a new one to continuing growing their businesses. This past loan had a great impact on their businesses and lives, especially Elene which is receiving her 9th loan to increase her business inventory by expanding her product options and her clientele.

As a widow mother she is working hard to provide her children all they need as poor people, wanting them to grow up and with the best education they can have. She is saving her business profits to build her own house.

Previous Loan Details

Elene is the coordinator of her group, Amor y Esperanza (love and hope) 1, 2, 3 & 4. This group is located in the urban slums surrounding Santo Domingo. She makes her home here in a simple structure with her three children. She is a widow mother. She says that her dream is to have her own house, ... More from Amor Y Esperanza 1, 2, 3 & 4 Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,088,925
    Funds lent in using Kiva
  • 40.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Amor Y Esperanza 1, 2, 3 & 4 Group's $5,475 loan helped a member to buy clothes, shoes and cosmetics to increase her inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013
This photo was used before for a previous loan for Amor Y Esperanza 1, 2, 3 & 4 Group. It was first posted on Kiva on Sep, 2012. Learn More