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Resistencia 1, 2, 3 & 4 Group
In this Group: Ylena, Carlos, Alourde, Tata*, Francia, Beatriz, Solange, Marie, Iliana, Wilner, Siana, Yeniflor, Johan, Cheli, Yvonia, Jeanette, Fritener, Lerisena, Mirlade*, Marie
* not pictured
Ylena is the coordinator of her group "Resistencia 1, 2, 3 & 4" ("Resistance"). The group is located in the rural area of San Pedro de Macoris, surrounded by sugar cane fields. She makes her home here in a simple structure with her three children. She is a single mother. Her most difficult challenge has been to raise her children and educate them.

Ylena is excited to be seeking her first loan with Esperanza International Dominican Republic. She started doing business almost two years ago, walking with a bag of clothing, cosmetics, and shoes.

Ylena plans to use this loan to invest in her business and she will buy cosmetics and women's accessories. She will also increase her inventory by buying miscellaneous items. She will use her business profits to reinvest in her business. She thanks all of you for your support.

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
  • 41.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Resistencia 1, 2, 3 & 4 Group's $3,900 loan helped a member to buy cosmetics and women's accessories to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013