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Nueva Esperanza Group
In this Group: Teodora, Maruco, Teodora*, Fernando, Epifania*, Juliana, Maria, Maura, Inocencia, Maria, Maximo
* not pictured
"Nueva Esperanza" is a group of 20 women from an extremely poor area in the Dominican Republic. In this particular loan, there are 11 women hoping to receive a loan to either start a business or increase the size of their existing small business. The businesses in this group range from clothing stands and beauty salons to small food stands. The one thing that all the women have in common is they are all striving to change their lives and break loose from their poverty.

Teodora D. L. S. is the representative of this group, and is a hardworking mother of four children. She has a very small business selling clothing in her neighborhood. She takes a bus each month to a city called Santiago which is a few hours away, and there she buys all her used clothing for her business. Santiago has the cheapest clothing but it is far away and difficult for her to make the trip. She has been profitable with her first couple loans and is finally at the point where she can save a little money for the future. She is hoping to take this next loan and increase her inventory and hopefully increase her income. She is saving to try and send her children to a university one day and knows that education is something that might help her children break out of this poverty. She is so happy with the way her business is going and hopes to keep on increasing in size. For once she feels like a provider and a person with purpose! She is going to continue working hard to reach her dreams!

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,374,650
    Funds lent in using Kiva
  • 35.6
    Dominican Republic Pesos (DOP) = $1 USD