Check out some available loans that are similar to this one!
Mujeres En Progreso 1, 2 Group
In this Group: Gueraline , Maria, Lucrecia, Bina, Adeline, Graciela, Juana, Lourdes , Candelaria, Juana
Gueraline is the coordinator of her group Mujeres en Progreso 1, 2 (Women in Progress), and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally — many of whom recently emigrated to the DR from Haiti. Her group is located in Los Alcarrizos, a dusty, industrial area north of the capital, where running water (none of which is potable) and electricity are unreliable. She lives in a simple, rented structure with her husband and child.

Gueraline is excited to be taking out 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 underwear, creams, and detergents as well as other products by purchasing more goods in the main market and then reselling them in her community at a profit. She will use her profits to purchase medications and save towards having her own home and vehicle. 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
  • $7,918,800
    Funds lent in using Kiva
  • 36.7
    Dominican Republic Pesos (DOP) = $1 USD