Las Reinas 1 Group
Josefina's family consists of herself, her two children and her mother. They live in a simple home which is built from wood. Josefina's biggest challenges have been educating her children and providing for their needs. She has also had to face a number of illnesses without having enough money or services to get ahead when faced with such difficulties.
Josefina's business is selling 'casabe' (cassava bread) which is produced with cassava and other seasonings. She has been in this business for around 2 years and started after taking her first loan with Esperanza Internacional. She tells us that she started out in her business because some of her neighbors were familiar with the micro-credit program and invited her to take part. Josefina has already had 4 loans from Esperanza Internacional and she feels very grateful because the loans have enabled her to make progress and invest in her business. She will invest this new loan in buying packets of cassava bread wholesale which she will then sell as a retailer.
Josefina's story is representative of the other members of her group and Esperanza's clients in general, both the Haitians (who have mostly emigrated to the Dominican Republic from Haiti, some of them recently) and the Dominicans who generally live in very poor communities. This area, like many poor areas in the Dominican Republic, lacks reliable drinking water and electricity. This group is located in a poor area of the city of Santo Domingo, in the north of the city.
Josefina posee una familia conformada por su 2 hijos y su madre. En una vivienda construida en una estructura simple D. madera. Sus desafíos más difíciles han sido educar a sus hijos y proveer sus necesidades, tambien enfrentarse a diversas enfermedades sin tener el dinero ni servicios suficientes para salir adelante, antes cualquier dificultad.
El negocio D. Josefina es L. ventas D. Casabe, alimento producido con yuca y otros condimentos, lleva alrededor D. 2 años, después D. haber tomado su primer préstamo con Esperanza Internacional, y nos cuenta que inicio gracias a que algunas D. sus vecinas conocieron el programa D. microcredito y L. invitaron a participar. Josefina ha tomado ya 4 prestamos con Esperanza Internacional, y se siente muy agradecida por que con los préstamos a podido avanzar y poder invertir en su negocio. Este nuevo préstamo será invertido en L. compra D. paquetes D. casabe al por mayor, para luego ser vendido como minorista.
Su historia representa a los demás miembros D. su grupo y a los clientes D. Esperanza, tanto los haitianos (quienes en su mayoría ha emigrado hacia L. República Dominicana desD. Haití, algunos D. ellos recientemente) y los dominicanos, quienes por lo general viven en comunidades muy pobres, esta zona, como muchas otras zonas D. escasos recursos en L. República Dominicana, carecen D. agua potable y energía eléctrica constante. Este grupo se encuentra ubicado en una zona D. pocos recursos D. L. ciudad D. Santo Domingo, específicamente ubicada al norte D. L. ciudad.
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.
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