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La Alternativa 1, 2, 3 & 4 Group
In this Group: Alida, Luz, Basilia, Gabriel, Evaristo, Martha, Leomaris, Felipe*, Ignacia, Tomasa, Juana, Jose*, Porfiria, Jesusito, Rosa, Marleny, Esperanza, Dionicia, Santa*, Georgina
* not pictured
Alida is one member of the 10-person group, La Alternativa 1, 2, 3 & 4. Her group is located in Samana, a lush rugged peninsula with a nascent tourism industry. Alida, like all in this group, decided to do business with Esperanza because she needed to bring extra income to her house. Alida is a divorced mother of three children. She is running a sales business where she sells different products like cosmetics, shoes, accessories, and clothing.

Alida started her business with her first loan from Esperanza, and this activity allows her to support her family. With this loan, she will invest in her business by buying more of those products. Her future plans are to have a wholesale store, to have enough money to meet her children'sr needs, and to pay for their advanced studies.

Alida joined Esperanza almost nine years ago and this is her 16th loan. All previous loans have been repaid and invested 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
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 42.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Alternativa 1, 2, 3 & 4 Group's $4,100 loan helped a member to buy miscellaneous products like shoes, cosmetics and clothes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Aug 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014