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La Fuerza 1 Group
In this Group: Santa, Lujida, Carmen, Margarita, Brigida
Santa is the coordinator of her group La Fuerza (the force) 1, and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the Dominican Republic from Haiti). The group is located in the slums north of Santo Domingo, where running water (none of which is potable) and electricity are unreliable. Santa makes her home there in a simple rented structure with her husband and three children.

Santa is excited to be taking her 14th loan with Esperanza after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her business selling water and ice by purchasing a freezer to keep her wares cold. Also she will supply bags of ice and boxes of water to other businesses. Santa will use the profits to reinvest and to save. She wants to finish building her home and to give her family a better future. Because of this she is making this business. She 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.

Tags

About Dominican Republic

  • $7,611
    Average annual income
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 42.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fuerza 1 Group's $3,350 loan helped a member to buy a new freezer, purified water and ice to resell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2014
Listed
Apr 10, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015