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Mujeres Virtuosas 1 Group
In this Group: Lucia, Paulina, Kenia, Wendy, Rosa
Lucia is one of the members of the “Mujeres Virtuosas 1” (Virtuous Women 1) group, located in the town of Hato Mayor, whose economy depends on farming. Their principal economic activities are the sale of food in 'colmados' (small grocery stores) and the sale of sweet pastries.

Lucia is the mother of 7 children, 5 of whom live with her as she is a divorced mother. She tells us that her most difficult challenge is still having sufficient money to cover the needs of her family. Her favorite activity is serving in her business.

Lucia is very moved by receiving her third loan from Esperanza Internacional, after having paid off her previous loan satisfactorily and thereby having taken a step towards the growth of her business. She has had her business for around 5 and a half years. She set up her business when she received a family inheritance. She became successful through her own initiative for creating income and being useful. She is planning to invest her new loan in the purchase rice, oil, flour, canned food, vegetables, etc. for her small grocery store.

She plans to use her profits to save because she is planning to buy a new freezer for her business. Her dream is to be able to see her children graduate from university and to be able to live in a comfortable house. Thank to these loans helping with extra income, she has been able to have an improved business and improved standard of living for her family.

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,235,725
    Funds lent in using Kiva
  • 37.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Virtuosas 1 Group's $1,325 loan helped a member to buy rice, oil, flour, canned food, vegetables, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2011
Listed
Apr 28, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2011