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Minerva Mirabal 1&2 Group
In this Group: Soraida, Merkis, Santa, Meri, Angela, Maria , Maria, Enriketa, Tomasa, Yessenia
Soraida is the coordinator of her group 'Minerva Mirabal' (named after one of the famed trio of sisters who stood up to Dictator Rafael Trujillo and paid the ultimate price for doing so), and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. Her group is located in the slums north of the capital Santo Domingo where crime is rampant and 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 5 children.



Soraida 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 sausage by purchasing 180 lbs of meat. She will use the profits to invest in her business with the goal of one day owning a corner store that will meet all the needs of the people in her neighborhood. 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

  • $9,700
    Average annual income
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Minerva Mirabal 1&2 Group's $1,925 loan helped a member meat with which to make bacon and sausage.
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