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La Revolucion- Group 1
In this Group: Jacqueline, Julio, Bernarbe, Mirian, Maria, Juana, Daniela
Jacqueline N. M. is a married mother of three children, ages 8, 10, and 12, who is trying to improve her life for herself and her children through loans from Esperanza. She has been working with loans for about 1½ years now in her business where she runs a small seafood restaurant. Her business specializes in seafood, but when asked what she enjoys eating most she says, “Me gusta toda” (I like everything). She is an avid churchgoer and a firm believer in Christ. In the future, Mrs. N. M. hopes to see her business grow and move forward to provide for herself and her young children.

Mrs. N. M. is a member of a 7 person group, Group 1, which is part of a larger micro-bank called La Revolucion, "The Revolution" in English. In the picture, Mrs. N. M. is in third from the right in the back with a blue shirt on along with members of her group and some others of La Revolucion. Her story is just one of a list of men and women who are improving their quality of life through the help of micro-credit loans of Esperanza. Together, this group has united with a common vision of a better life with faith and hope in their hearts and an unbreakable spirit. The concept of group lending is to have loans paid in a group to reduce the risk of a person defaulting, as others pick up where a person may lag to receive the next loan. Each of the associates in this bank has a similar business such as a restaurant or selling clothing. Thank you for your support and awareness of this issue, and it is your concern and efforts that is able to bring a difference to the lives of people such as Mrs. N. M..

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
  • 7
    View loans »
    Dominican Republic Loans Fundraising
  • $8,065,475
    Funds lent in using Kiva
  • 34.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Revolucion- Group 1's $1,625 loan helped a member this group would like to improve their various businesses, like Jacqueline who would like to improve her restaurant.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 7, 2008
Listed
Aug 1, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009