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Mujeres Luchando Por El Progreso 3 & 4 Group
In this Group: Manuel , Marcelina, Benita, Pascuala, Maria, Mercedes, Marlin, Rafaelina, Susana, Agustina
Manuel is one of the members of the women's group Fighting for Progress 3 &4, located in the city of Santiago. It is the second largest in the country in population and economic activity. Thanks to this, its residents have a lot of access to wholesale markets. This is also due to its proximity to the border markets with Haiti, where a lot of our clients and members of the group buy their products.

Manuel sells different products such as toilet paper, shoes and slippers, etc. He is a father of 3 children, 2 of whom live with him and his wife. Manuel told us that one of his biggest challenges is being able to have a successful business and in this way provide and meet the needs he faces. In his free time, he likes to read the bible.

This is Manuel's second loan. He will invest it in increasing his inventory. He buys the bathroom products wholesale and sells them retail. He also buys his shoes at the Haitian border at a good price and quality.

One of his dreams is to be able to build another house and rent it out, in order to make more income.
View original language description ↓
Manuel es uno de los miembros del Grupo Mujeres luchando por el progreso 3 & 4, localizado en la ciudad de Santiago, la segunda más grande del país en población y actividades económicas, gracias a esto sus habitantes tienen muchos acceso al mercado al por mayor, también por la cercanía al mercado fronterizo con Haití, donde muchos de nuestros clientes y miembros de este grupo compran sus productos.

Manuel ofrece ventas miscelaneas de diferentes productos, como papeles de baños, zapatos y zapatillas, etc. Es padre de 3 hijos de los cuales 2 de ellos viven con El y su esposa. Manuel nos dijo que uno de sus retos mas difíciles es poder tener un negocio exitoso, para así de esa manera poder proveer y suplir las necesidades que enfrentan. En sus tiempo libre le encanta leer la Biblia.

Este es el segundo préstamo de Manuel, el cual invertirá para ampliar su inventario, El compra los papeles de baño al por mayor y los vende al detalle, también compra sus calzados en la frontera con Haití, a muy buen precio y de buena calidad.

Unos de sus sueños es poder construir otra vivienda y poder alquilarla, así puede generar mejores ingresos.

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
  • $8,150,000
    Funds lent in using Kiva
  • 38.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Luchando Por El Progreso 3 & 4 Group's $3,275 loan helped a member to buy toilet paper, and shoes, among other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2011
Listed
Oct 18, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012