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Jesus Nuestra Esperanza Group
In this Group: Maria, Guillermina, Landi, Rosa, Landia
Maria is the group coordinator of the Banco de Esperanza (Bank of Hope) Jesus Nuestra Esperanza (Jesus our Hope). Her story is representative of both her group and Esperanza's Haitian (many of whom recently emigrated from Haiti to the DR) and Dominican clients generally. Their group is based in Puerto Plata, on the North Coast of the Dominican Republic in an area where they do not have running water.

This is Maria's second loan with Esperanza and she will be using it to buy more fruit for her stand, which she hopes to grow to a larger, more stable business with a bigger client base and more products.

With the profits from her business, Maria would like to buy some new clothes as well as continue investing in her business.

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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,557,075
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD