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Nuevo Renacer 1, 2, & 3 Group
In this Group: Angela, Bernarda, Rafael, Marcelina, Rosa, Maria*, Reyna, Sabina, Domingo, Ana, Rosa*, Concesa, Rufina, Teonila, Eneroliza
* not pictured
Angela is the coordinator of her group, Nuevo Renacer 1, 2, & 3 (Rebirth). She makes her home in a simple structure with her long-term partner and 2 children. She says that her most difficult challenge is owning a local salon; now she is hiring a place. In the meantime, she plans to continue enjoying to work in her beauty salon.

Angela is excited to be taking her 6th loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for 5 years. This beauty salon is her most recent business. She plans to use this loan to buy a hair dryer and a blower for her salon. She will use the profits to buy school supplies for her kids, and to save. She is always planning to improve her business.

This Esperanza associate began with us because she receives benefits by having a loan with Esperanza and with her group. 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 Samana, a lush rugged peninsula with a nascent tourism industry. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable running water (none of which is potable) and electricity.

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
  • 36.4
    Dominican Republic Pesos (DOP) = $1 USD