Update about our Kiva loans in the Dominican Republic

We received this update from a Kiva Fellow who has been working in the Dominican Republic:

As you may know, all entrepreneur profiles on Kiva’s website are posted by local Field Partners like Esperanza, whose mission is to “free children and their families from poverty through initiatives that generate income, education, and health, restoring self-worth and dignity to those who have lost hope.” As a Kiva Fellow working with Esperanza International in the Dominican Republic and Haiti, I saw Esperanza’s mission at work most recently while visiting a batey.

For those that are not familiar with the term “batey,” it is a small, barrack-style community built and maintained by large sugar corporations. These communities are often completely surrounded by sugar cane fields, and often they lack basic resources such as clean drinking water, transportation, reliable electricity, and medicine. The majority of a batey’s members work in planting, cutting, and loading sugar cane for eight months of the year. The other four months are a stalemate, during which there are no sugar cane earnings.

In order to ensure continued earnings, one entrepreneur, Cloreta Yan, who lives on a rural batey, used her Kiva loan to open a small store in her house. Her community previously did not have a store where they might buy basic supplies, which meant that community members had to travel to nearby communities to shop. When my fellow Kiva Fellow Kalie Gold and I first visited Cloreta, she offered very basic supplies, such as sugar, oil, and rice. When I conducted a follow-up visit, she was selling over 20 items, including tobacco, ice, drinks, and cookies. She is now earning 600 pesos a week and, according to her loan officer, continues to expand the line of merchandise she sells.

Esperanza has supported 4,251 Kiva entrepreneurs thus far, resulting in approximately $200,000 loaned. Continually working to improve their organization, they have recently opened an office in Trau de Nord, Haiti. Esperanza continues to grow – thanks to Kiva lenders like you!

Staff members at various offices throughout the Dominican Republic visit their entrepreneurs frequently, and many of you will receive an update on an entrepreneur who received a loan contribution from you. Unfortunately, due to logistical and administrative constraints, reaching every entrepreneur for an update is just not possible, even with Esperanza’s dedicated team. Whether or not an update is provided on a specific entrepreneur to whom you made a loan, I hope that you have enjoyed this update on the impact that Esperanza has had with Kiva funds.

Update from Nupcia Suarez in Nicaragua

Nupcia Nuvinia Silva Suarez in Nicaragua

Nupcia Nuvinia Silva Suarez in Nicaragua

An update from one of our loans in Nicaragua:

Nupcia Nuvinia Silva Suarez is a concierge in Juigalpa who requested a loan in order to help purchase materials to repair the kitchen.

The credit was, in fact, used to improve Nupcia’s kitchen by improving the roof and pillars. The results of the loan were great, she was able put all of the loan to use to improve her house.

For the future, Nupcia plans on further developing her house using other credits that AFODENIC can provide for her. She would recommend microloans because they allow her to cover necessities which, with her salary alone, would have been impossible

News from Altantsetseg Duden in Mongolia

Altantsetseg Duden in Mongolia

Altantsetseg Duden in Mongolia

News from one of our first loan in Mongolia:

It has been four months since Altantsetseg Duden first received her Kiva loan.

She spent her loan to buy 120 textbooks for students who are taking tests to enroll in university. For now 80 percent of the books have been sold because exam day will be coming soon.

With the income she bought a variety of new and used books to resell. As a result, her business inventory has increased, and her monthly profit has increased by 50,000 tugrugs ($1 USD=1400 MNT). Altantsetseg is sending her thanks to all her lenders for supporting her tiny business.

Update from Saydah Nakitende in Uganda

The Luganda Kulya womens group in Uganda

The Luganda Kulya women's group in Uganda

An update from one of our loans in Uganda:

Saydah Nakitende is a hard working and devoted mother of 3 children and cares for 4 orphans. She is a poultry farmer in Kasangati where she keeps over 200 birds both layers and broilers and she hopes to increase this number once her capital increases.

She is grateful that she is able to pay school fees for all her children by the sale of eggs and chicken for meat and this gives her hope for future peace. She wants to have more than enough for her current customers so that other customers can come in.

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