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Mujeres En Desarrollo 1, 2 & 3 Group
In this Group: Mercedes, Paula, Joselin, Juana, Mary, Yolanda, Radicelis, Jhomairi, Mercedes, Daniela, Maria, Mary, Juan, Dulce*, Yohana
* not pictured
Mercedes is one of the members of her group Mujeres en Desarrollo 1, 2 & 3 (Development women). Mercedes makes her home here in a simple structure with her long-term partner and one child. She says that her most difficult challenges are to work hard and have a better life. In the meantime, she plans to continue enjoying upholstering.

Mercedes is excited to be taking her 5th loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for 5 years, starting by taking a technical class in upholstering. She operates an upholstery business. She plans to use this loan to invest in her business by buying fabrics, wood, and other items. She will use the profits to invest in her business. The Christmas season is better because people like to upholster their furniture and buy new furniture, too.

This Esperanza associate began with us because she needed capital for her business. Her story is representative of her group and of Esperanza's Haitian and Dominican clients generally, many of whom recently emigrated to the DR from Haiti. Her group is located in San Pedro D. Macoris, a city famous for baseball players and sugar cane industries. The main economic activities are a free traD. zone and a cement factory. This area, like nearly all impoverished areas in the Dominican Republic, suffers from unreliable running water (none of which is potable) and electricity which can't be counted on.

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 36.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres En Desarrollo 1, 2 & 3 Group's $2,150 loan helped a member to buy fabrics, wood and other items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2010
Listed
Nov 29, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011