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Mujeres Esforzadas Group
In this Group: Josefina, Yudelka, Nery, Ondina, Ambrosia, Tomasa Vazque, Rosario, Elena, Noiseli, Dominguez
Josefina is a 40- yearold woman who lives with her three children in the Barrio of Ginebra Arzerno on the north coast of the Dominican Republic. She has a small business selling watches, and she hopes that in the future she will be a successful and respected business woman. With this loan she will buy more inventory for her business, and will make some cosmetic improvements to her store as well. When she is not working, she enjoys spending time with her children and watching TV. Esperanza is looking forward to seeing this group of women succeed as they take the first step to improving their economic situation.


Note: This is a group loan. In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.


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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

  • $7,611
    Average annual income
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 34.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Esforzadas Group's $1,575 loan helped a member to buy a larger selection of watches for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 22, 2008
Listed
Jun 12, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009