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Mujeres Valientes Group 2, 3, 7
In this Group: Chrismelie , Jesula , Roselene, Iphonia , Shely , Simone , Jacelyne , Mosna, Yvette , Fany , Vonice , Midlandes , Christine , Anita , Altanese
Vonice J. is a successful microentrepreneur and president of the Bank of Hope: Mujeres Valientes (Valiant Women) who has spent the last 10 years plying her trade in the Area known as Villa Asención surrounding the port city of Puerto Plata in the Domincian Republic. This area rarely has electricity (only a few hours a day) and is located close to a river where water is drawn. She is married and lives with her Husband as well as her three children aged 3, 6 and 9 in a rented house.

Vonice plans to use this loan as opportunity to continue expanding her business which will lead to higher income and give her the ability to improve her housing situation by purchasing her own home. Vonice says that she is grateful for having had the opprtunity to work with Esperanza because it has improved her life and Esperanza is happy to have her as she is a good associate with a solid repayment record over the last two loan cycles.

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

  • $9,700
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,374,650
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD