Mujeres Rompiendo Barreras Group


Status: Paid Back

$4,500.00   Loan Request
$4,500.00   Paid Back

About the Group

Group Name: Mujeres Rompiendo Barreras Group
Group Members: Juana Salvador Cabrera
Anastacia Hiraldo
Jose Hernandez
Kenia Ventura Martinez
Francisca Marmolejos Ventura
Sandra Fabian
Angela Rumaldo Torres
Ryna Brito Ventura
Lidia Toribio Gomez
Ana Vargas
Niurka Ventura Cabrera
Severina Salvador Marmole
Raquel Rosa Salvador
Francia Rumaldo Torres
Claribel Perez de la Cruz
Valentina Hiraldo Silverio
Lissete Linares Gonzalez
Maria Vasques Silverio
Willi Ricardo Beard
Angela Gonzalez Tejada
Location: Puerto Plata, Dominican Republic
Activity: Beauty Salon

About the Loan

Loan Amount: $4,500.00
Loan Use: To buy materials and beauty products for her nail salon.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 5, 2009
Date Disbursed: Apr 24, 2009
Date Funded:May 16, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.8500 DOP = 1 USD



Juana Salvador Cabrera is the group coordinator for the Bank of Hope group called "Mujeres Rompiendo Barreras," which means "Women Breaking Barriers". Juana owns a nail salon in her local community, and after hearing about a friend's experience with Esperanza, decided to take out a loan to invest in her business. With this first loan, Juana plans to buy materials and beauty products to use and sell in her salon - or as it is called here in the Dominican Republic, "Salon de Uñas."

Juana is the mother of two young children and hopes that they can grow up to be professionals. Juana also dreams about growing her business with more customers. Part of Esperanza's mission is to liberate children from poverty and we believe (and have seen) that giving mothers a loan can really improve the standards of living for the whole family, because most if not all of the profit goes directly into the household.

Juana's portion of this group loan will be about $140 and she plans to pay back about $15 every couple of weeks. Juana would like to thank Kiva lenders for their support!

On behalf of Juana Salvador Cabrera, Mujeres Rompiendo Barreras, and all of us here at Esperanza International, thank you for your support!




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Mujeres Rompiendo Barreras Group


Loan has been disbursed
 
Entrepreneur: Mujeres Rompiendo Barreras Group
Location: Puerto Plata, Dominican Republic

Thank you for your loan. It has been disbursed to Mujeres Rompiendo Barreras Group, consisting of Juana Salvador Cabrera, Anastacia Hiraldo, Jose Hernandez, Kenia Ventura Martinez, Francisca Marmolejos Ventura, Sandra Fabian, Angela Rumaldo Torres, Ryna Brito Ventura, Lidia Toribio Gomez, Ana Vargas, Niurka Ventura Cabrera, Severina Salvador Marmole, Raquel Rosa Salvador, Francia Rumaldo Torres, Claribel Perez de la Cruz, Valentina Hiraldo Silverio, Lissete Linares Gonzalez, Maria Vasques Silverio, Willi Ricardo Beard, Angela Gonzalez Tejada by Esperanza International, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the 5 months of this loan, Esperanza International, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Puerto Plata, Dominican Republic
May 17, 2009
Comment on this entry

Kiva Field Update - Message from the Dominican Republic
 
Entrepreneur: Mujeres Rompiendo Barreras Group
Location: Puerto Plata, Dominican Republic

Dear Esperanza lenders,

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.

Finally, I would like to thank you personally for supporting an entrepreneur in Haiti or the Dominican Republic. It saddens me to realize that this letter marks the end of my time working with Kiva’s Field Partner Esperanza here in the Dominican Republic. For the last three months I have had the pleasure of working with Esperanza, visiting numerous Kiva entrepreneurs, and training staff members in writing business profile updates for Kiva lenders such as yourself.

To see all current fundraising loans from Esperanza on Kiva.org, please click here:

http://www.kiva.org/app.php?page=businesses&partner_id=44&status=Fundraising&sortBy=New+to+Old&_te=mj&_te=mj

To see a short YouTube video on Cloreta Yan, please click here:

http://www.youtube.com/watch?v=8reiqg1pbBo&_te=mj

On behalf of Kiva, Esperanza, and its entrepreneurs, we thank you for your continued support.


Posted by JD Bergeron, Kiva Staff, from San Francisco, United States
Jun 11, 2009
Comments (14)

Kiva Help Repayment Schedule for Mujeres Rompiendo Barreras Group

  Expected Repayments Actual Repayments Comments
July 2009 $747.13 $747.13 Repayment Received
August 2009 $748.27 $748.27 Repayment Received
September 2009 $1,124.57 $1,124.57 Repayment Received
October 2009 $751.15 $751.15 Repayment Received
November 2009 $752.31 $752.31 Repayment Received
December 2009 $376.57 $376.57 Repayment Received