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Mujeres Liberadas Group
In this Group: Andrea , Esmeralda , Gladis , Yakelin , Santa, Tanya, Raquel, Josefina , Ana , Yecenia
Thirty-three-year-old Andrea J. H. (far right in pink) is the group coordinator for the Bank of Hope Mujeres Liberadas (Freed Women). She lives in Los Alcarrizos, which is a city about one hour northeast of the capital, Santo Domingo. For the past three years, Andrea has sold various items such as clothing and underwear. With her first microfinance loan she intends to buy 20 bed sheets, 20 collared shirts, and 12 pairs of high heels, which she predicts will bring in a profit that will approximately match the loan she’s receiving. One of the benefits of microfinance is that the initial investment is replicated, because loan recipients such as Andrea reinvest their profits in their business. One point that Esperanza International emphasizes is that profits need to be used to better the family or the business, and Andrea certainly understands this fact.

One of Andrea’s personal goals is to improve her life each and every day. With profits from her business, Andrea intends to start saving and invest in her children’s education. She has three children (13, 10, 9) and is pregnant with her fourth child who is due in December. While Andrea has not finished high school, she hopes to return to school and continue her education. Above everything else, Andrea looks forward to a better future.

On behalf of Andrea, the Bank of Hope Mujeres Liberadas, and the microfinance institute Esperanza International (one of Kiva's field partners), thank you for providing opportunities for those who need them most.

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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $7,944,350
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD