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Las Responsables Y Intelectuales Group
In this Group: Melida, Yasura, Yordany, Fidelina, Nelly , Melida, Carlina, Maria, Carmelita, Carmela
Melida is the coordinator of her group Las Responsables y Intelectuales (The Responsible and Intellectual Ones), 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 rural areas surrounding La Romana, where the economy is dominated by the sugarcane harvest and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple, rented structure with her common-law husband and their three children.

Melida is excited to be taking her third loan with Esperanza after having successfully repaid her previous loan and expanded her business. She plans to use this loan to invest in her business selling underwear by purchasing bras and panties to sell. She will use the profits to purchase pants for her children and save towards her long-term dream of owning her own home.

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
  • 15
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    Funds lent in using Kiva
  • 36.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Responsables Y Intelectuales Group's $1,700 loan helped a member to buy bras and panties for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010