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Mujeres Exitosas 123 Group
In this Group: Lucia, Antonia, Magnez, Belky, Beatriz, Edita, Maria, Rosa, Yaneris, Modesta, Rita, Susana, Luz *, Yanira, Nancy
* not pictured
Lucia is the coordinator of her group Mujeres Exitosas (Successful Women), 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 Puerto Plata, a town on the north coast reliant on a fading tourism industry, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her husband and five children.

Lucia is excited to be taking her third loan with Esperanza after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her business selling clothing and making sheets and curtains. She will do so by purchasing brassieres and panties in the main market in Santiago as well as cloth to sew her sheets and curtains. She will use the profits to invest in her business by constructing a commercial venue as part of her home and to invest in her family by purchasing school supplies 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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,088,925
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Exitosas 123 Group's $2,900 loan helped a member to purchase a dozen panties, brassieres, and cloth to sew curtains and sheets to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2010
Listed
Feb 17, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010