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Mujeres Con Metas Y Sueños 1 &2 Group
In this Group: Amada , Cipriana, Casilda, Paulina, Augustina, Maura, Santa, Blasina, Silvia, Ramona
Amada is the coordinator of her group Mujeres con Sueños y Metas (Women with Dreams and Goals), and her story is representational of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients in general. Her group is located in the slums, north of the capital, Santo Domingo, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure as a single mother with her four children.

Amada is excited to be taking her second loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business selling bacon and Longaniza (a pork sausage popular in the DR) by purchasing 180lbs of meat. She will use the profits to invest in a freezer, which will serve a dual purpose of supporting her business as well as providing cold storage for her family. Her long-term goal is to save enough money to have a large comfortable home and to send her kids to university. 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
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Con Metas Y Sueños 1 &2 Group's $2,125 loan helped a member 180 lbs of meat with which to make sausage and bacon.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2010
Listed
Feb 2, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010