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Primera Esperanza 5 Group
In this Group: Martha, Ezequiel, Lorenzo, Petronila, Juan
Martha is the coordinator of her group 'Primera Esperanza 5', which translates as 'First Hope 5'. 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). Martha lives in the Hato Mayor region of the Dominican Republic, located in the east of the country. Hato Mayor is a fairly mountainous region where the principal industry is agriculture. Martha's community, like nearly all impoverished areas in the Dominican Republic, suffers from a constant shortage of running water and electricity. As well as Dominicans, Haitian immigrants make up a large proportion of Martha's community.

She has owned an underwear business (selling a variety of garments) for three years now and is applying for a loan to invest in stock to try and grow her business. She has previously taken out loans with Esperanza International (Kiva's Field Partner in the Dominican Republic and Haiti) but this will be her (and her group's) first Kiva loan. Martha will use her first loan with Esperanza to set up her business. She says that, since then, subsequent loans have allowed her to successfully grow the business. As a result, Martha says that her family has benefited, as has her local community, because now they don't have to travel so far to buy underwear.

Martha says that her favorite pastimes are studying and spending time with her children. She also says that her most difficult challenge is finding the money to complete her studies. Her dream is simple, and applies to both the present and the future. She simply wants to keep doing things that make her a good person.

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
  • 37.3
    Dominican Republic Pesos (DOP) = $1 USD