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Unidos Para Vencer 3 Group
In this Group: Fiordaliza, Nidia, Andrea, Yamirkys, Dominga
Fiordaliza is the coordinator of her group “Unidos para Vencer 3” (United to Win 3). She lives in a simple structure with her long-term partner and their three children. She says that her dream is to have her own house. In the meantime, she enjoys studying. Fiordaliza is excited to be taking out her second loan with Esperanza. She successfully repaid her previous loan that she used to start her business selling shoes. She will use her current loan to buy more shoes to sell.

Fiordaliza joined Esperanza because she wanted to improve her life and have a business. Her story is representative of her fellow group members and of Esperanza’s Haitian and Dominican clients generally, many of whom recently emigrated to the DR from Haiti. Fiordaliza’s group is located in Santiago, an area famous for tobacco and beef production, and the second biggest city in the Dominican Republic. 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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,443,950
    Funds lent in using Kiva
  • 37.3
    Dominican Republic Pesos (DOP) = $1 USD