Check out some available loans that are similar to this one!
Mujeres De Esperanza 3 Group
In this Group: Carmen, Carmen, Petronila, Leocadia, Mercedes
Carmen is one of the members of the Mujeres de Esperanza (Women of Hope) 3 Group, composed of 5 women who are small-business owners. They all work selling clothing, natural products, shoes, food, etc. Her family is composed of herself, her husband, and two children. Her business is a cafeteria where she sells all kinds of food, from snacks like sandwiches and juices to lunches of seafood and more. She tells us that her greatest challenge is to have a stable business, and she most enjoys watching television and cooking in her free time.


Carmen is very excited to receive her first loan from Esperanza Internacional. She has had her business for around 2 years and she started it when the former owner she was working with gave it up. Carmen plans to use her loan to buy juices, fruits, snacks, meat, and seafood. She is going to use her earnings to pay for her children's education, and she will also save some money. She desires to have a self-sustainable business that will generate enough earnings to support her family in order to count on a better future.

View original language description ↓
Carmen es una de los miembros del Grupo Mujeres de Esperanza 3, compuesto por 5 mujeres microempresarias, todas están dedicados a las ventas de ropa, productos naturales, zapatos, venta de alimentos, etc. Su familia está compuesta por ella, su esposo y 2 hijos, su negocio es una cafeteria donde vende todo tipo de comidas, desde refrigerios como sandwiches y jugos, a almuerzos como mariscos y otros. Nos dice que su reto o desafío más difícil es lograr que su negocio sea firme, y lo que mas disfruta en sus tiempo libre es ver television y cocinar.

Carmen está muy emocionada de recibir su primer préstamo en Esperanza Internacional. Ella ha tenido su negocio por alrededor de 2 años, el cual inició con cuando trabajaba con la antigua propietaria y la señora se lo cedio. Carmen está planificando invertir su nuevo préstamo en la compra de jugos, frutas, refrigerios y algunas carnes y mariscos, esta asociada va a utilizar sus ganancias para pagar la educación de sus hijos, y para ahorrar, desea que su negocio pueda ser sostenible y le genere buenas ganancias para poder satisfacer todas las necesidades de su familia y poder planear un futuro mejor.

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
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 36.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres De Esperanza 3 Group's $850 loan helped a member to buy juices, soft drinks, seafood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2010
Listed
Oct 21, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011