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Cristo Es La Esperanza 1 & 2 Group
In this Group: Martires, Lenaise, Violeta, Lesuamena, Manice, Maria, Isiane, Edita, Diola, Josefa
Martires is the coordinator of her group, Cristo es la esperanza 1 & 2 (Christ is the hope). All the members of this group are Haitians and they are located in the rural areas surrounding La Romana, where the sugarcane harvest and tourist industry dominate the economy. She makes her home here in a simple structure with her long-term partner and three children. She says that her most difficult challenge is to recover the payment when she gives credit to her clients.

Martires is excited to be taking her third loan with Esperanza. She has had her business for around 16 years, starting with a small amount of capital that she saved. She plans to use this loan to invest in her business to buy some sugar, rice, vegetables, meat, cooking oil, plantain, flour, etc. She operates a Colmado, a place where you can find all the ingredients to make your daily food. Normally those colmados are in the same neighborhood, just a short walk from any home. With her business profits she has been improving her business

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
  • $8,583,700
    Funds lent in using Kiva
  • 38.2
    Dominican Republic Pesos (DOP) = $1 USD