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Margarita
Margarita is one of Esperanza International's entrepreneurs. She came to Esperanza International almost seven years ago for a loan to expand her miscellaneous sales business. She joined the group "Esther" in one of the rural villages in San Pedro de Macoris, where she has received loans to invest in her business.

Margarita is a mother with three children who she is raising by herself and with her long-term partner. She lives in a small slum community in San Pedro de Macoris. She is receiving her 14th loan from Esperanza. She is accessing this loan to make some changes to the structure of her home. She has been building her house little by little and this time the loan will be used to make different arrangements, especially to cover with cement and paint the walls, to put in some windows and zinc for her roof. Margarita will invest this loan by purchasing cement and other building materials.

Esperanza International is running a program where most of their clients pay back their loans, fulfill their commitment to expand their businesses and show fidelity to their groups. They can request loans to improve their house structure while receiving business loans and attending group meetings.

Additional Information

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Dominican Republic

  • $9,700
    Average annual income
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 40.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Margarita to buy windows, concrete blocks, cement, etc.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014