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Bendicion De Mujeres Trabajadoras 1, 2 Group
In this Group: Reyna, Niulca, Luz, Odalis, Ydelina, Ventura, Yomaira, Priscila, Cristina, Yojana
Reyna is the coordinator of her group Bendicion de mujeres trabajadoras (Blessing of working women) 1, 2 . Her story is representative of her group and of Esperanza's Haitian and Dominican clients generally, many of whom recently emigrated to the Dominican Republic from Haiti. Her group is located in San Pedro de Macoris, a city famous for baseball players and sugar cane industries. The main economic activity here is the Free trading zone, a cement factory, and others. This is an area where crime is rampant and where running water (none of which is potable) and electricity are unreliable. Reyna makes her home here in a simple structure with her long-term partner and their two children.

Reyna is excited to be taking her first loan with Esperanza. She has a food stand where she sells sandwiches, hot dogs, burgers and juices. She plans to use this loan to invest in her business by purchasing meat, bread, juices, vegetables, sausages, etc. She will use the profits to reinvest in her business to make it grow. Her long-term goal is to save enough money to expand and improve her business. She wants to be a successful businesswoman and attend the university. She thanks you all for your support.

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
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 36.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Bendicion De Mujeres Trabajadoras 1, 2 Group's $2,675 loan helped a member to buy meat, bread, juices, vegetables, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2010
Listed
Dec 21, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011