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Mujeres Con Propositos 1 And 2 Group
In this Group: Ramona, Yesenia, Maria, Angela, Victoria , Maria, Mary, Zeneida , Maria, Altagracia
Ramona is the group coordinator of the Banco de Esperanza (Bank of Hope) Mujeres con Propositos (Women with Purpose). Her story is representative of both her group and of Esperanza's Haitian (many of whom have recently immigrated to the DR) and Dominican clients. The group is based in Puerto Plata, a community with unreliable electricity and water services. The community does not have access to some basic services like trash collection.

Ramona is a single mother with five children. This will be Ramona's third loan with Esperanza. She has successfully repaid two loans of increasing amounts and wants to use this loan to buy ingredients for her food sales. She plans to buy flour, oil and salt to make empanadas and other pastries. She hopes to continue to grow her business with this loan.

Ramona has been able to provide for her children and improve the supplies she can provide for them since receiving loans from Esperanza. She has also used her profit to pay for her university studies.

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
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Con Propositos 1 And 2 Group's $3,025 loan helped a member flour, Oil, Salt and other materials to make empanadas and pastries.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010