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Loida
Loida is an associate requesting a special loan from Esperanza's Water Project, which gives loans to associates and members from social groups in any community. Esperanza serves this type of loan to help their communities. In this special loan, Loida is representing her church named Iglesia de Dios Hacienda Estrella from a rural community located north of Santo Domingo. They (the church) started a water project two years ago in order to provide purified water to their community inhabitants and deliver the service at a low price but with high quality and proper standards.

With this loan they want to buy a truck to pick up and distribute the water to sellers and clients all over their community. They also want to restructure their distribution point where they sterilize gallons, fill bottles with purified water and deliver them to the neighbors that go directly to the business to buy the bottles or sellers that distribute them. By "improve," they mean to buy 5-gallon water bottles and labels, change system pieces, paint walls and make other investments.

Loida is the administrator in this church water project called Agua Eternity (Eternity Water). Around ten thousand people live in their neighborhood, and their plan is to distribute purified water to five thousand families, at a cost of $0.50 US for a 5-gallon bottle of water. With this, Loida said they want to impact different areas: economic, health, spiritual and many others. This community is an extremely poor area in Santo Domingo with many health problems, potable water scarcity, diseases, pollution, etc. This project is planning to distribute six thousand of these bottles whereas they now produce three thousand. This church is committed to starting as many projects as they can to contribute to the development of this community.

Loida thanks God, Esperanza International, and all of you for this opportunity. In her name and the name of all of her church members, she thanks all of you for your support!

Additional Information

More information about this loan

This loan is part of a program to fund large-scale community water infrastructure in the Dominican Republic. The program is targeted at communities who cannot afford access to clean drinking water. Esperanza works through local partners like churches and community development organizations to identify high-priority communities, and will use Kiva lenders' funds to finance the installation of water infrastructure. This loan is considered riskier than typical loans on Kiva due to its large size and longer repayment term.

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About Dominican Republic

  • $9,700
    Average annual income
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 42.9
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $8,150 helped Loida to buy a pickup truck and other equipment.
30% repaid
Repayment Term
50 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2013
Listed
Jan 25, 2014
Currency Exchange Loss:
Possible