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Mujeres Solidarios 1,5 Group
In this Group: Carmen , Angel , Catalina, Minerva, Maria, Maura, Mirian, Angela, Benita, Juliana
Carmen plans to use this loan to invest in her business selling underwear, by travelling to the capital to purchase her goods in the main markets and then selling them at a profit in her community. She is excited to be taking her sixth loan with Esperanza after having successfully repaid her previous loan and grown her business. She will use the profit to invest in her future by saving towards her goal of opening her own salon, as well as saving money for the education of her children.

Carmen is the coordinator of her group Mujeres Solidarias ("Women in Solidarity"), and her story is representative of her group and of Esperanza's Haitian and Dominican clients (many of whom recently emigrated to the DR from Haiti) generally. Her group is located in the rural areas surrounding Hato Mayor 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 two children.

Carmen 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
  • $8,245,775
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Solidarios 1,5 Group's $2,500 loan helped a member to purchase underwear to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2010
Listed
Apr 5, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010