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Mujeres Rompiendo Barreras Group
In this Group: Juana, Anastacia, Jose, Kenia, Francisca, Sandra, Angela, Ryna, Lidia, Ana, Niurka, Severina, Raquel, Francia, Claribel, Valentina, Lissete, Maria, Willi, Angela
Juana S. C. is the group coordinator for the Bank of Hope group called "Mujeres Rompiendo Barreras," which means "Women Breaking Barriers". Juana owns a nail salon in her local community, and after hearing about a friend's experience with Esperanza, decided to take out a loan to invest in her business. With this first loan, Juana plans to buy materials and beauty products to use and sell in her salon - or as it is called here in the Dominican Republic, "Salon D. Uñas."

Juana is the mother of two young children and hopes that they can grow up to be professionals. Juana also dreams about growing her business with more customers. Part of Esperanza's mission is to liberate children from poverty and we believe (and have seen) that giving mothers a loan can really improve the standards of living for the whole family, because most if not all of the profit goes directly into the household.

Juana's portion of this group loan will be about $140 and she plans to pay back about $15 every couple of weeks. Juana would like to thank Kiva lenders for their support!

On behalf of Juana S. C., Mujeres Rompiendo Barreras, and all of us here at Esperanza International, thank you for your support!

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Dominican Republic

  • $7,611
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Rompiendo Barreras Group's $4,500 loan helped a member to buy materials and beauty products for her nail salon.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2009
Listed
May 5, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009