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Ruth Y Esther 1 Group
In this Group: Rosa, Eulojia, Juana, Joselin, Juliana
R. is the coordinator of her group Ruth Y Esther (Ruth and Esther), 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 Samana peninsuL., a lush, rugged area with a nascent tourism industry where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple, rented structure as a single mother with two children.

R. is excited to be taking her fourth loan with Esperanza, after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business selling assorted items in the street including, balloons, candy, mints, etc. She will use the profits for her children and family by purchasing medicine and school supplies, and towards saving to construct her own home. She hopes also to continue saving with Esperanza so that she can have a cushion when she can't work anymore 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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,557,075
    Funds lent in using Kiva
  • 36.5
    Dominican Republic Pesos (DOP) = $1 USD