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Mujeres En Desarrollo 7 Group
In this Group: Lenel, Isaura, Yolanda, Loidy, Faquelis
Lenel is the coordinator of her group, Mujeres en Desarrollo (Women in Development), and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the Dominican Republic from Haiti) clients generally. Her group is located in the rural areas surrounding San Pedro, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her long-term partner and their six children.

Lenel is excited to be taking her sixth loan with Esperanza, after having successfully repaid her previous loans and grown in her business and her loan amount. She plans to use this loan to invest in her business of running a "colmado" (small corner store), by purchasing rice, sugar, cooking oil and other supplies. She will use the profits to invest in her children by purchasing school supplies and to save toward her long-term goal of owning her own home. 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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $7,918,800
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD