Mujeres Necesitadas 1 Group
Altagracia and her husband have five children and live in a simple home in Hato Mayor, a small rural town in the agricultural area in the eastern part of the Dominican Republic. Life in the Dominican Republic can be rough; they do not have potable running water, there are frequent power outages (if one has power to begin with), and the health care is inadequate. Despite these difficulties, Altagracia runs a successful business selling clothing. With this loan, Altagracia plans to purchase new clothing to sell at a small markup to her friends and neighbors.
This is Altagracia’s eighth loan with Esperanza International, and she hopes to continue taking out loans to grow her business and improve life for her family. With her profits, she also hopes to one day build her own home. Altagracia looks forward to sending her children to college someday, an opportunity she did not have as a young adult. This will give her children a step up in society and allow them to pursue any career that they choose.
Esperanza International seeks to free children and their families through initiatives that generate income, education and health, restoring self-worth and dignity to those who have lost hope. We have over 8,500 active associates in eleven offices in the Dominican Republic and Haiti. Thank you for lending to Altagracia and the Mujeres Necesitadas group!
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.
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Success!! The loan was 100% repaid