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Esperanza Y Fe 1, 2 & 3 Group
In this Group: Yodany, Carmela, Marlene, Marie, Elena, Ana, Deniana, Ema, Yolanda, Blanca, Marietta, Massia, Ana, Rosa, Marilania
Yodany is one of the entrepreneurial woman from the group Esperanza y Fe (Hope and Faith) 1, 2 & 3. She lives in a simple structure with her long-term partner and their two children. She plans to continue enjoying reading the Bible. Yodany is excited to be taking out her fourth loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for three years, starting out with her own savings. She sells underwear and clothing.

Yodany plans to use this loan to invest in her business by buying dozens of underwear items for men, kids and women. Also, she is planning to buy clothes. She will use the profits to invest in the business and to save, because she has a dream to have a beauty salon and a spa. Yodany's group is located in the rural area surrounding La Romana, where the sugarcane harvest and tourist industry dominates the economy.

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 41.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Y Fe 1, 2 & 3 Group's $3,125 loan helped a member to buy underwear and other clothes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
Apr 7, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013