Mercedes Benitez's Group

Mercedes leads this group of entrepreneurs who live in the Sabana Grande de Boya community of Monte Plata. She has been offering services of tapestry-making for three years in her community. The art of tapestry-making requires a great deal of hard work and precision, and it consumes a lot of time to make the initial drawings. Furthermore, Mercedes explains that she has to spend a considerable sum of money to get the materials such as wool, silk, linen and the like to complete her jobs.

On a more personal level, Mercedes has five children, all of whom attend school. She explains that it is hard to raise the kids and to generate money to cover her family's expenses. Ideally, she would like to have her own workshop, as well as some employees who have knowledge of techniques of the tapestry industry to work with her.

With the requested loan proceeds, the entrepreneur will buy a large amount of materials she needs to produce her woven fabrics. The members of Mercedes' group are: (1) Nicaury Del Rosario Fabian, who sells clothing in the community; (2) Paula Wendy Benjamin De La Cruz, who owns and operates a small grocery store; (3) Ana Berkis Dipre Figuereo, who sells fried dishes and natural juices; and (4) Martha Maritza Silvestre Frias, who sells women's clothing in the community.



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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