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Unidas Para Triunfar 5 Group
In this Group: Fany, Yini, Ramona, Maria, Deisy
Fany is the coordinator of her group Unidas para Triunfar 5 (Unite to Triumph). Her story is representative of her group and of Esperanza's Haitian and Dominican clients, many of whom recently emigrated to the DR from Haiti, generally. Her group is located in Santiago, an area famous for tobacco and beef production. It's the second biggest city in Dominican Republic, 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.

Fany is excited to be taking her first loan with Esperanza. She will expand her jewelry business into different neighborhoods and take the jewelry into town to customers at their jobs. She plans to use this loan to invest in silver jewelry, like rings, necklaces, bracelets, etc. She will save the profits to open a beauty salon with her next loans. 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
  • $8,560,850
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD