Mujeres Fuertes Group


Status: Paid Back

$750.00   Loan Request
$750.00   Paid Back

About the Group

Group Name: Mujeres Fuertes Group
Group Members: Metchelina Toussai
Marceline Alexis
Anne Durasin
Madelene Augustin
Jesula Presendues
Location: Puerto Plata, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $750.00
Loan Use: To buy pants, blouses and shirts in Santiago for resale in Puerto Plata.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 8, 2008
Date Disbursed: Jul 23, 2008
Date Funded:Jul 9, 2008
Loan Ended:Feb 15, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.2055 DOP = 1 USD



Micheline Metellus is a young and highly-motivated female entrepreneur. Returning to our organization, Esperanza, to receive her second loan, she has proven that she not only has the ability to payback loans on time, but also that she is able to use loans to make significant improvements in her life. Selling pants, shirts, and blouses from her home, Micheline has been able to acquire inventory to establish this small business. She has also begun to save for the first time in her life. She plans to use her second loan to buy clothes in bulk from the nearby city of Santiago. Micheline said that her business is more important to her than ever now that she has her first child, a three-month-old girl, to care for.

Micheline leads a five-person group, Las Mujeres Fuertes. Each of these Haitian entrepreneurs lives in the Dominican Republic and supports the others so that each can access funding that they would never be able to receive on their own. The purpose of their group loan is reduce the risk of one person defaulting, as the others members gladly help cover one another’s payments so that all may receive their next loan together. These women have found work here in the Dominican Republic so that they can send money back to their families in Haiti. One of the women is running a small salon, one makes empenadas on the street, and the two others others sell clothing similar to Micheline.

On behalf of Micheline, Las Mujeres Fuertes, and the entire team here at Esperanza International, we thank you for your support and awareness of the issue of global poverty, and for your commitment to make a difference.



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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Lenders to this group

Emily
Andover, MA
United States

Dread-Eye
St. Louis, MO
Grenada

Robert
pittsburgh, PA
United States

Kristen
Palm Desert, CA
United States

Anonymous
Indianapolis, IN
United States

woode
austin, TX
United States

Fabian
Leinfelden,
Germany

Steve
Atherton, CA
United States

Daniel
Brooklyn, NY
United States

Ryan and Katelynn
Overland Park, KS
United States

Familia Garcia Galindo
Lucan, Co. Dublin
Ireland

Michael
Lawton, OK
United States

Wendy
Wetumpka, AL
United States

Lewis
Hayward, CA
United States

Karen
San Antonio, TX
United States

Merle and Edith
Sioux Lookout, Ontario
Canada

Garni
Livermore, CA
United States

Sebastien

France

Mary
Washington, DC
United States



Journal entries for Mujeres Fuertes Group


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

Thank you for your loan. It has been disbursed to the Mujeres Fuertes group, consisting of Metchelina Toussai, Marceline Alexis, Anne Durasin, Madelene Augustin, Jesula Presendues by Esperanza International, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, 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
Jul 24, 2008
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Kiva Help Repayment Schedule for Mujeres Fuertes Group

  Expected Repayments Actual Repayments Comments
October 2008 $125.00 $125.00 Repayment Received
November 2008 $125.00 $125.00 Repayment Received
December 2008 $125.00 $125.00 Repayment Received
January 2009 $125.00 $125.00 Repayment Received
February 2009 $125.00 $125.00 Repayment Received
March 2009 $125.00 $125.00 Repayment Received