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Asociacion De Cristo Group
In this Group: Altagracia, Marie, Ybelice, Antonia, Alicia, Henry*, Agustina, Sonia, Yvanette, Ramona, Carlita*, Vetania, Julmene, Lourdes, Ana
* not pictured
Asociacion D. Cristo is a group comprised of 15 people, all from the same area in San Pedro, Dominican Republic. Each member has already received a previous loan, and gotten a start on their own small business. This will actually be the third loan that each member receives, and each member has experienced success with their previous two loans. Many members didn't have any form of income before their first loan, so this is their opportunity to change their lives, and to have a more hopeful future.

Alicia P. is the chosen group representative, and it's obvious why because she is fun and outgoing. She is the mother of 4 children and lives with them and her husband. Before her first loan she didn't contribute any money to the family and had to rely completely on her husband. She felt useless and wanted to do more. She loves her children more than anything and knew that she needed to start making some money to help give them a better life. She then went to Esperanza International and took out her first loan. With the loan she started a small fruit and vegetable business in her area. She is a diligent worker and through time she was able to pay back all her loans and save some money.

Now she is hoping to receive her third loan, which will enable her to start selling a wider variety of fruits and vegetables. She is happy with the way her business is running and believes that she can continue to expand. She is now an important contributor to her family and feels that she can proviD. for her children. She dreams of putting all her children through college, and she is on the right path! For the first time in her life she is excited for the future and knows she is going to break the cycle of poverty. On behalf of Alicia and Esperanza International---- Thank you 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.

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 Asociacion De Cristo Group's $3,925 loan helped a member buy more products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2009
Listed
Mar 5, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009