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La Esperanza 1,2,3 Group
In this Group: Biola, Yolanda, Saintemene, Kiricis*, Memena, Elena, Violeta, Regina, Alexander , Yany *, Violeta, Rosa, Yedona*, Ramona, Rosa
* not pictured
Biola is the coordinator of her group La Esperanza (The Hope), and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. Her group is located in the rural areas surrounding La Romana where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her long-term partner and their two children.

Biola is excited to be taking this loan with Esperanza and she is excited at the opportunity to grow her business and have access to low cost capital. She plans to use this loan to invest in her clothing business by traveling to Santo Domingo to purchase blouses, sweaters, skirts and pants in the main market to sell at a profit in her community. Biola will use the profits to invest in her business and save towards being able to take larger loans and further invest in her business. She thanks you all 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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,443,950
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD