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Las Reinas 1 Group
In this Group: Mari , Robinson , Altagracia , Patricia , Francisca
The members of this group from Las Reinas Bank of Hope are receiving their first loan through Kiva's partner, Esperanza International. These enthusiastic entrepreneurs expect to improve their income and quality of life with their business activities.


Mari B., 25, and Robinson R., 30, are two of the group members. They are both single. Mari has three children and Robinson has one child. Mari sells personal-care products and Robinson sells fruits and vegetables at the local market. Since neither of them completed high school (Mari only reached middle school), both of them are very committed to providing a better education for their children so they can have a better life and hopefully, break the poverty cycle they've been born in.


On behalf of Esperanza International, thank you for supporting these new entrepreneurs!

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
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 35.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Reinas 1 Group's $1,525 loan helped a member purchase merchandise for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2009
Listed
Mar 4, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009