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Luchnado Por El Progreso 3 Group
In this Group: Mimosa, Leyda, Hilda , Martha *, Yemena, Gisela, Rosamena, Celina, Estela, Denia
* not pictured
Mimosa is the coordinator of her group: Luchando Por El progreso (Fighting for Progress). Her story is representative of both her group and Kiva partner Esperanza's Haitian and Dominican (many of whom recently emigrated from Haiti to the Dominican Republic) clients more generally. Her group is based in the areas surrounding La Romana where the economy centers around the sugarcane harvest and where running water (none of which is potable) and electricity are unreliable at best. Here she makes her home as a single mother of two children.


Mimosa is excited to take her second loan with Esperanza after having successfully repaid her first without problems. She plans to use this loan to invest in new merchandise for her clothing business. She will purchase six pairs of pants, four blouses, three skirts, 12 pairs of panties and 12 pairs of men's underwear. By making a large purchase she can negotiate a better price and make a healthy profit. With the profits she plans to continue constructing her house and to proviD. better food for her children. She thanks you all 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
  • 10
    View loans »
    Dominican Republic Loans Fundraising
  • $8,003,200
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luchnado Por El Progreso 3 Group's $1,550 loan helped a member to purchase clothing for sale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2009
Listed
Oct 25, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010