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Creciendo Hacia El Futuro 3 Group
In this Group: Petronila, Eulogio, Gladys, Irene, Luis
Petronila is one of the members of the group Creciendo hacia el Futuro (Growing toward the Future). They are micro-business people who work in the sale of clothing, natural products, shoes, etc., and in education in the city of San Pedro de Macoris, a city famous for its ball players and for its sugar industry. Its present economy depends on the free-trade zone, the cement industry, and other lesser activities such as tourism. This member of Esperanza International is the mother of two children and began working with Esperanza International because she had the dream of having a little school in her community. She began the school with her first loan. Now it is four years later and she is receiving her tenth loan. For each loan she has made her payments in a satisfactory manner and she has made good investments. Through her business (the school) she makes a good contribution to the community, since she offers a good private education at a low monthly cost.

Petronila is planning to invest her new loan in the purchase of children's school supplies and products for the school cafeteria. She will use her earnings to invest in her business, buying fans and doing more advertising, although now she has fewer students because of the economic problems of their parents. Her greatest challenge is being able to pay her employees, since at this time the school has less income. Her dream is to have more students and a better school with more teachers, and when she achieves this she will be able to help the most needy families -- at the least, she wants to help them in their education.
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Petronila es una de los miembros del Grupo Creciendo hacia el futuro , ellos son microempresarios dedicados a las ventas de ropa, productos naturales, zapatos, educacion, etc; en la ciudad de San Pedro de Macoris, una ciudad famosa por sus jugadores de pelota y por la industria azucarera, su economía actual depende de la Zona franca, la industria del cemento y otras actividades menores como el turismo. Está asociada de Esperanza es madre de dos hijos y comenzó con nosotros porque tenía el sueño de tener una pequeña escuela en su comunidad, el cual inicio con su primer prestamo y actualmente llega 4 años y esta recibiendo su decimo prestamo, en cada uno ha realizado sus pagos satisfactoriamente y ha realizado buenas inversiones. Por medio de su negocio (Una escuela) da un buen aporte a su comunidad, ya que ofrece una buena educacion privada a un costo mensual bajo.

Petronila está planificando invertir su nuevo préstamo en la compra de utiles escolares para niños y productos para la cafeteria de la escuela. Ella va a utilizar sus ganancias para invertir en su negocio, comprando abanicos, hacer mas promociones, aunque actualmente tiene menos estudiantes por los problemas economicos de sus padres, su gran reto es poder pagarle a sus empleados, ya que en este periodo la escuela tendra menos ingresos. Su sueño ahora es poder tener mas alumnos, una mejor escuela, con mas profesores y al lograr esto podra apoyar a esas familias mas necesitadas, al menos desea apoyarle en su educacion.

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 36.6
    Dominican Republic Pesos (DOP) = $1 USD