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Nuevo Progreso 5 Group
In this Group: Mateo, Luz, Eyra, Ynes, Yinette
Mateo is the coordinator for “Nuevo Progreso 5” (New Progress 5), a group that consists of five female micro-entrepreneurs who sell different products. She is the mother of one child who she raises along with her husband. They live in a modest home in one of the most impoverished and least accessible neighborhoods in the city of Santo Domingo. Mateo and the other members of her group strive each day to conduct their business activities in their community so that they can improve their incomes. They also want to motivate other women to engage in their own businesses so that they can help their families get ahead.


Mateo manages a butcher shop where she sells different types of meat such as chicken, beef, and pork. She has been in business for several years and also sells bacon, sausages, and salted meats. Mateo started her business because she needed to generate income for her family. She is receiving her first loan and will invest the funds in the purchase of beef and pork. Mateo is grateful to have the opportunity to receive a loan for her business and, God willing, continue receiving additional loans to grow her business and make her dreams become a reality. These include having a house that is solid, well-built, and weather resistant where she can establish her business.

View original language description ↓
Mateo, es coordinadora del grupo Nuevo Progreso 5, compuesto por 5 mujeres micro empresarias, que se decían a las ventas de diferentes productos. Ella es madre 1 hijo, el cual ha criado junto a su esposo. y comparten su humilde vivienda en unos de los barrios mas empobrecidos y de menos accesos de la ciudad de Santo Domingo. Junto a los demás miembros de su grupo, se esfuerza día a día por hacer sus actividades de negocios en su comunidad, para lograr mejorar sus ingresos y motivar a otras mujeres a que puedan realizar negocios para ayudar a sus familias a salir adelante.

El negocio de Mateo es una carnicería, donde vende diferentes tipos de carnes desde pollo, res y cerdo, lleva ya varios años, vendiendo tocino, salchichas y carne salada, el cual inicio hace ya varios años por la necesidad de llevar ingresos a su familia. Esta recibiendo su primer préstamo, el cual invertirá en la compra de carnes de res y cerdo. Esta agradecida de tener la oportunidad de recibir un préstamo para su negocio, y si el Señor se lo permite, seguirá tomándolos para hacer crecer su negocio y poder realizar sus sueños realidad, de tener su casa, en una buena estructura, sólida y resistente, donde pueda tener su negocio.

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 37.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Progreso 5 Group's $900 loan helped a member purchase beef & pork.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2011
Listed
Feb 19, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011