Carmen Olivo Ramirez's Group

Carmen sells natural medicines in Sabana Grande de Boyá, in the province of Monte Plata. She says that her business, which she started three years ago, is very profitable and her clientele continues on growing. She operates the business predominantly by walking along the streets every day.

The entrepreneur says that she’d like to buy a small, used car in two years so that she can move faster, travel further distances, and attend to new markets.

With her loan, Carmen will buy more natural medicines to keep satisfying her customers’ needs and increase her income.

Carmen will receive her loan together will these four women:

Angela Lora, who sells women’s clothing.

Santa María Del Rosario, who sells costume jewelry.

Maribel Contreras Eusebio, a shoe and pants retailer.

Dolores Encarnación Ureña, who sells clothing in the community.

Picture: left to right: Carmen, Angela, Santa María, Maribel, and Dolores.



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