Check out some available loans that are similar to this one!
La Restauracion (Restoration) Group
In this Group: Santiago, Cludimex*, Jonny*, Natacha, Ciliana, Celenia, Benita, Altagracia, Mirilla, Maica, Elida, Yolanda, Luciana*, Marta, Leonida, Alina, Louna, Esmaira*, Imene, Virginia
* not pictured
Santiago is middle aged man who lives with his wife and four children in the farming town of Hato Mayor, in the Dominican Republic. He has asked for this loan to buy used and new clothing for his small business; in his community there are no businesses that sell both new and used clothing, so demand is often higher than what he afford to supply. This loan will allow him to buy a larger quantity of clothing, and consequently, earn more income.

His biggest challenge right now is to enjoy his health while he has it by walking, and taking time to enjoy being active, as well as being able to pay for his five children to continue studying. He says his dream is to own his own house, own his own land plot to put his business on, and to one day in the near future have enough savings to buy his own vehicle or motorcycle.

On behalf of the entire team at Esperanza International, as well as Santiago and his entire group—we thank you for your support and generosity!

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
  • 34.0
    Dominican Republic Pesos (DOP) = $1 USD