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Mujeres Luchando Contra La Pobreza 1,2 Group
In this Group: Severina , Luisa, Angela, Rosa, Pedro, Medeline, Ana , Vanesa, Fifa, Benita
Severina is the coordinator of her group Mujeres Luchando Contra la Pobreza (Women Fighting Against Poverty), 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 areas surrounding Puerto Plata on the north coast of the DR, an area famous for natural beauty and its tourism industry, where (outside of the all-inclusive resorts) running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple, rented structure as a single mother with her four children.

Severina is excited to be taking her fifth 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 gasoline (a common business in the countryside where there may not be a gas station for miles) by purchasing more gasoline as well as adding a small fruit selling business. Severina recognized that she could easily sell fruit to her customers while they filled up on gasoline and has decided to diversify her business (sound like any gas stations you know?). She will use the profits to invest in a plot of land on which she would like to eventually build her own home. 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
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Luchando Contra La Pobreza 1,2 Group's $2,225 loan helped a member to purchase gasoline, glass containers, oranges, papayas.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2010
Listed
Apr 14, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010