Check out some available loans that are similar to this one!
Cristo Vive Group
In this Group: Benita, Jislene, Edith, Maria, Sonia
Benita Pierre B. is a member of five person micro-bank, “Cristo Vive” which means “Christ Lives”. Only twenty years old, this young women has raised her three-year-old boy with the profits from her small business selling chocolates and other “peanut sweets” in the street. While this meager business has carried her thus far, she came to Esperanza International in search of something more. This will be each member of the group’s first loan. Benita intends to use the capital to begin selling shoes, shirts, dresses, and pants in the street, while continuing to make sweets on the side. It is her dream to earn enough money someday to own her own house to improve the living conditions for her entire family.


Other members of Cristo Vivo have similar occupations selling clothing, jewelry, blankets, and bread in the streets of Agrua, Dominican Republic. Each of these unique Dominican entrepreneurs unite in solidarity, allowing them to access funding that they would otherwise never be able to receive on their own. The concept of this group bank paying their loan together is to reduce the risk of one person defaulting, as the others members gladly help cover one another’s payments in order to receive their next loan together.


On behalf of Benita, the Cristo Vive group, and the entire team here at Esperanza International, we thank you for your support and awareness of the global issue of poverty, in which your efforts are helping to make a difference.

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
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 34.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Vive Group's $750 loan helped a member to milk, sugar, cocoa, and peanuts to continue making sweets, as well as clothing to sell on the side.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 19, 2008
Listed
Jul 1, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009