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Amor Y Esperanza 2 Group
In this Group: Raynold, Nedjine, Kenia, Yaquelin, Iclide
Raynold is one of the members of the group called Amor y Esperanza (Love and Hope) 2. This group is located in the rural area surrounding La Romana, where the sugarcane harvest and tourist industries dominate the economy. Raynold makes his home in a simple structure with his three children and his long-term partner. He says that his most important challenge is to work hard by selling more products to provide for his family.

Raynold is excited to be taking his 8th loan with Esperanza, having repaid his previous loans and grown his business. He plans to use this loan to invest in his business by buying shoes, clothes and cosmetics such as body lotion, perfume, deodorant and other products. He will reinvest the profits in his business and take home money for food, clothes and other needs. His future plans are to develop a successful business within his local area. He thanks you all 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

  • $9,700
    Average annual income
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $8,254,875
    Funds lent in using Kiva
  • 42.4
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Amor Y Esperanza 2 Group's $4,125 loan helped a member to buy shoes, clothes and cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 12, 2013
Currency Exchange Loss:
May 17, 2014