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El Buen Futuro 5 Group
In this Group: Antonia , Leonidas , Maria , Rufina , Paula
Group 5 from the El Buen Futuro ("The Good Future") Bank of Hope is starting their 6th loan cycle with Esperanza International. They all agree that the loans they've been taking have been a great help to them to keep their businesses in good shape, and make sure that they always have merchandise available for their clients. These entrepreneurs have been able to successfully repay five loans and hope to use this next one in their business expansion projects.

Antonia S. is the group representative. She has four children who are grown. The youngest is 18 years old. However, she still supports all her children with their education, which is something she describes as one of her biggest challenges. She's glad that she is able to help them build a better future for themselves through a good education. In the future, she would like to have a house of her own and her own clothing store.

Antonia and her group mates are working hard on their businesses, but they still need the all support that we can give. On behalf of Esperanza International and this group of entrepreneurs, 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,150,000
    Funds lent in using Kiva
  • 35.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Buen Futuro 5 Group's $1,325 loan helped a member to buy new clothes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2009
Listed
Mar 6, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009