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Minerva Mirabal 2 Group
In this Group: Enriketa, Maria, Maria, Tomasa, Yessenia
Enriketa is the coordinator of her group, 'Minerva Mirabal 2' (named after one of the famed trio of sisters who stood up to Dictator Rafael Trujillo and paid the ultimate price for doing so). She makes her home here in a simple structure with her four children. She says that her most difficult challenge is to study. She needs to finish her studies. In the meantime, she plans to continue enjoying to sew.

Enriketa is excited to be taking her third loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for a year, starting when she received her first loan. She plans to use this loan to invest in her business by buying goods for her little colmado where she sell rice, beans, sugar and vegetables and she want to build a wall for her business locale. She will use the profits to reinvest in her business and finish building her home.

This Esperanza associate began with us because she wanted to have a business. 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 urban slums surrounding Santo Domingo. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable running water (none of which is potable) and electricity.

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
  • $7,981,250
    Funds lent in using Kiva
  • 36.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Minerva Mirabal 2 Group's $1,175 loan helped a member to buy goods for her store and build a wall.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2010
Listed
Sep 9, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011