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Poderoso De Israel 1, 2, 3 Group
In this Group: Verenice, Francisca, Ruth, Yasmily, Aida, Isabel, Juana, Gloria, Angela, Wanda, Elizabeth, Yessenia, Maria, Paula, Maria
Verenice (the one with the green shirt) is the coordinator of her group "Poderoso D. Israel". This is a biblical name which refers to J. Christ ("The Powerful One of Israel"). Verenice is excited to be taking her first loan. She plans to use this loan to invest in her business selling food. She makes her home in a simple structure with her only child, being a young single mom. She has a little cafeteria, where she cooks lunches and dinners. She will buy rice, beans, meat, oil, eggs, salad and other supplies. She says that her most difficult challenge is getting good medical assistance when they need it. She doesn't like the public services because they are inefficient and there are so many in need most of the time.

Verenice is planning to have a medical check-up as soon as possible. She will use the profit from her business to buy some household items. Her future with Esperanza means more loans to invest in her business so she can bring in more income for her family.

This Esperanza associate’s 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 an area, like nearly all impoverished areas of the Dominican Republic, that suffers from unreliable electricity and running water (none of which is potable).

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
  • 36.8
    Dominican Republic Pesos (DOP) = $1 USD