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Mujeres Hacia El Progreso Grupo 1 Group
In this Group: Bratini, Payano, Plairde Canau, Hernandez, Hernandez
E. is the coordinator of her group Mujeres hacia el progreso (Women Towards Progress). Her story is representative of her group and of Esperanza's Haitian and Dominican clients generally, many of whom recently emigrated to the Dominican Republic from Haiti. Her group is located in Samana, a lush rugged peninsula with a nascent tourism industry, where running water (none of which is potable) and electricity are unreliable. She makes her home here as a single mother (she has three children), in a simple structure which doubles as her bakery.

E. is excited to be taking her third loan with Esperanza, after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her bread-making business. She intends to buy a mixing and kneading machine for her home-based bakery and to make structural improvements to the building by installing a cement ceiling. She will use the profits to purchase school supplies for her children, and hopes to save some money for her children's future. 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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Hacia El Progreso Grupo 1 Group's $1,150 loan helped a member to buy machinery for a small bakery.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010