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La Esperanza El Coco 1, 2, 3 & 4 Group
In this Group: Menenciana, Yeriberto, Dominga*, Oniel, Honorina, Ysabel, Johary, Ocalia, Eva, Elizabeth, Monica*, Cirila, Santa*, Margarita, Anselma, Juliana, Paulo, Negra, Marcia, Lucrecia
* not pictured
Menenciana lives in a rural village of Samana. She is one of the members from the group called La Esperanza el coco (the hope of coconut) 1, 2, 3 & 4. She and her group of 20 members are taking loans for their businesses. This group is dedicated to many different businesses like selling clothes, shoes, cosmetics, and a little restaurant. Menenciana is selling clothes and cosmetics.

Menenciana is planning on investing her new loan in the purchase of cosmetics and clothing. This is her 12th loan with Esperanza Internacional, and she will increase her inventory. She will use her profits to continue investing in her business to improve sales, and to provide for her family's needs.

Menenciana's family is made up of her and her 5 dependents, including her children and other of her family members. She says that her most difficult challenge has been to have a successful and sustainable business that generates enough income to support her and her family.

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
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 43.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza El Coco 1, 2, 3 & 4 Group's $5,150 loan helped a member to buy clothes and cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2014
Listed
Jun 9, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014