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Mujeres De Futuro Group
In this Group: Carmen, Maria, Maximina, Altagracia, Rosario, Carolina, Carmen, Esmelida, Severiano, Matilde
Carmen is taking out her first loan and will be starting a business selling towels throughout her community. Her plan is to buy bulk packages of towels at a discounted price at flea markets. As a street vendor, she will sell the towels in her community and neighboring towns.



Carmen is 54 years old. She lives with two of her four children and her husband. She says that it is her hope to be successful enough with this first loan to take out subsequent ones, and in this way build a substantial business one day. She says she will always work to continue providing her children with security, a safe home, and as many opportunities as she can.



On behalf of everyone here at Esperanza International, and Carmen herself, we thank you for your support with this micro loan!

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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 34.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres De Futuro Group's $1,675 loan helped a member to buy towels in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 16, 2008
Listed
Apr 19, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2008