Mujeres Liberadas Group

Thirty-three-year-old Andrea Jaime Hernandez (far right in pink) is the group coordinator for the Bank of Hope Mujeres Liberadas (Freed Women). She lives in Los Alcarrizos, which is a city about one hour northeast of the capital, Santo Domingo. For the past three years, Andrea has sold various items such as clothing and underwear. With her first microfinance loan she intends to buy 20 bed sheets, 20 collared shirts, and 12 pairs of high heels, which she predicts will bring in a profit that will approximately match the loan she’s receiving. One of the benefits of microfinance is that the initial investment is replicated, because loan recipients such as Andrea reinvest their profits in their business. One point that Esperanza International emphasizes is that profits need to be used to better the family or the business, and Andrea certainly understands this fact.

One of Andrea’s personal goals is to improve her life each and every day. With profits from her business, Andrea intends to start saving and invest in her children’s education. She has three children (13, 10, 9) and is pregnant with her fourth child who is due in December. While Andrea has not finished high school, she hopes to return to school and continue her education. Above everything else, Andrea looks forward to a better future.

On behalf of Andrea, the Bank of Hope Mujeres Liberadas, and the microfinance institute Esperanza International (one of Kiva's field partners), thank you for providing opportunities for those who need them most.




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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