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Progresando En Valores 1, 2, 3 Group
In this Group: Ysabel, Maria, Leocadia, Maria, Marleny, Mercedes, Evangelista, Nicodema, Melida, Eugenio, Cruz, Yrene, Hilaria, Agustina, Yoselyn
Ysabel is the coordinator of her group, Progresando en valores 1, 2, 3 (progress in values). She makes her home in a simple structure with her long-term partner and four children. She says that her most difficult challenge is to finish building a bathroom in her house. In the meantime she continues to enjoy sewing.

Ysabel is excited to be taking her first loan with Esperanza. She has had her business, which she started with some savings, for two years. She plans to use this loan to invest in her business by buying clothing and a sewing machine. She will use the profits to build a bathroom and a kitchen. Her dreams are to work hard and move her business forward, and with the help of God, she will.

This Esperanza associate began with us because she wanted to invest in her business. Her story is representative of her group and of Esperanza's other Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients. 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 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
  • $8,557,075
    Funds lent in using Kiva
  • 36.8
    Dominican Republic Pesos (DOP) = $1 USD