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Marino
Marino is an associate, running a special loan from Esperanza International Dominican Republic's (Esperanza) Water Project, which gives to associates and members from social groups in any community Esperanza serves, this type of loan to help their communities.

In this special loan, Marino is representing his church from the community of Los Frailes, from the North of Santo Domingo. They (the church, called Iglesia de Dios Los Frailes II) started a water project in order to provide purified water to their community inhabitants, giving the service at a low price, but with high quality and the proper standard.

With this loan, they will invest in a generator to provide energy to the water plant, a pickup truck to distribute the water, a motorcycle to make deliveries, and also to improve 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 them or sellers that distribute them). By "improve," they mean to buy five-gallon water bottles and labels and change system pieces.

Marino is the pastor in this church and he is also in charge of the water project, called Agua Vaso de Vida (Glass of Life Water). In their neighborhood live around 20,000 people and their plan is to distribute purified water to 75% of the inhabitants, at a cost of USD 0.50 for a five-gallon bottle of water. With this, Marino 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 salubrious problems, potable water scarcity, diseases, and distrust of people with other water distributors, etc. and with programs like this, the community could start changing their lives. This church is committed to start as many projects as it can, to contribute to the development of this community.

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.

About Dominican Republic

  • $7,611
    Average annual income
  • 10
    View loans »
    Dominican Republic Loans Fundraising
  • $8,003,200
    Funds lent in using Kiva
  • 43.2
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $11,575 helped Marino to buy a generator, a pickup truck, motorcycle, and other items to distribute water in his community.
26% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Mar 26, 2014
Currency Exchange Loss:
Possible