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Mujeres Activas, Group 1, 2, 3
In this Group: Teresita, Lorenzo, Altagracia, Hilda, Luciana, Magalys, Paulina, Marcelino, Felicia, Francisca, Maria, Petronilla, Miguelina, Santa, Leoncia
Teresita runs a small market stall selling clothes, food and other items. She has operated her store for over eight years and her loans have allowed her to increase her business by 80%. She plans to use this loan to buy a box of used clothes and food items to sell. She has successfully repaid two loans and this will be her third loan with Esperanza. Teresita is single and has three grown children. She wants to continue to increase her business and add more products to her store.

Teresita is the group coordinator of the Banco de Esperanza (Bank of Hope) Mujeres Activas (Active Women). Her story is representative of both her group and of Esperanza's Dominican and Haitian clients (many of whom have recently immigrated to the DR). The group is based in Puerto Plata in a community that has unreliable access to running water and electricity and lacks trash service.

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
  • $7,847,650
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Activas, Group 1, 2, 3's $2,900 loan helped a member a box of used clothing and food items to sell.
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