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Nueva Vida Group
In this Group: Adline, Adline, Martha, Beba, Margalie, Cheli, Myrlanda, Evna, Ana, Nadia, Rose, Aida, Aloude
This Kiva loan will truly be one of a kind. This group of women, the Nueva Vida group (New Life Group) live in the community of Muñuz, Dominican Republic. The village is filled with Haitian immigrants and poverty is rampant. This particular group of women chose to participate in Esperanza International's first-ever trial of the program "40 Days to a New Life". The program was dedicated to bettering the lives and providing opportunity to women who had been trapped within the cycle of poverty and prostitution. These women chose to spend 2 hours each day, for forty consecutive days, learning about the Gospel message, God's purpose for their lives, receiving extra medical attention, and learning basic skills such as sewing, making candles, and making jewelry, skills that could be used to start a new business.

Each of these women found themselves in the desperate situation of prostitution as a last resort to feed their children. Through microfinance, beginning small businesses with $150 loans, these women will be able to find a new way to provide for their children with dignity. Several have decided to buy and sell clothes, traveling to the nearby city of Santiago to purchase shoes, pants, and shirts for resale in the villages. Others have chosen to open small shops in front of their homes where they are able to sell juice, bread, cookies, or fried foods while still taking care of their kids. With their first-ever loan, we at Esperanza are confident that the 40 days of training and this small loan will impact these women's lives forever as they truly take on a new life.

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
  • 13
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 34.4
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Vida Group's $1,900 loan helped a member to buy different types of clothing for resale, as well as to buy bread, chicken, oils, and fruits to make juices.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 15, 2008
Listed
Sep 1, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009