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Mujeres Emprendedoras Group
In this Group: Anastacia, Luz, Bonifacia, Isabel, Cristobalina
Anastacia runs a small bakery producing and selling candies. She makes the candies from milk, coconut, and different fruits. She has operated her candy shop for around three years. She plans to use this loan to buy goods to produce different candies using sugar, flour, coconut, milk, fruits, etc.

She has successfully repaid her fourth loan and this will be her fifth one with Esperanza. Anastacia has four children and a long-term partner, all of them are living together in a very far community surrounded by vegetation, hills, and a river. Her children are studying and they are in a young ages. She said that her biggest challenge is to overcome her mother's illness.

Anastacia is the group coordinator of her group Mujeres Emprendedoras (women entrepreneurs) 1 & 3. Her story is representative of both her group and of Esperanza's Dominican and Haitian clients (many of whom have recently immigrated to the DR). The group is based in Puerto Plata, in a community that has unreliable access to running water, electricity, and lacks trash service.

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
  • $8,228,650
    Funds lent in using Kiva
  • 37.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Emprendedoras Group's $1,975 loan helped a member to buy flour, sugar, coconut, milk, fruits, etc. to make candies for her candy shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2011
Listed
May 27, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2011