Yomaris Martinez Almonte's Group

Yomaris Martinez Almonte is an excellent social entrepreneur and a proud mother of three children ranging in age from four to 12. Over the last three years, she’s been working hard to contribute to the education of the children in the San Isidro community of Santo Domingo. Yomaris is the owner and principal of a basic school she started as a result of her aim to help kids from low-income families to have an adequate education. Yomaris explains that she still is running the school in very humble conditions. As she hasn’t access to a large quantity of capital, she had to fit out a small space to simulate a classroom for the children. She confesses that the kids deserve a much better atmosphere so that they can learn in a school worthy of this name.

With her loan, Yomaris will buy some plastic chairs, as for the past year about a dozen have been broken. She’ll also buy other materials and make painted blackboards. Yomaris says that she’ll keep doing her utmost to provide good education to these disadvantaged kids who deserve the best, like any other child of a developed country.

Yomaris will share this group loan with: Altagracia Gonzalez, a costume jewelry retailer; Francisca Solis, who will invest in the purchase of curtains and tablecloths for a small business; Maria Magdalena Mendez, to buy clothing in bulk to resell in her community; and Ysabel Severino Jimenez, to purchase women’s clothing in bulk.

The photo shows from left to right: Ysabel, Maria Magdalena, Francisca, Altagracia and Yomaris.



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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