Las Mujeres Luchando Contra La Pobreza Group

Status: Paid Back

$1,450
Loan Request
Disbursed : Jul 28, 2008
Listed: Jul 8, 2008
Funded: Jul 14, 2008
$1,450
Paid Back
Ended: Feb 15, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.1899 DOP = 1 USD


In this Group:
Severina Estrella, Leonarda Rodriguez, Olguita Maritnez*, Dominga Familia, Benita Santo Martinez, Vanesa Odicil, Dieulene Oguisten, Fifa Martinez, Medeline Simeon, Lucia Martinez
* not pictured

About the Loan

Location: Puerto Plata, Dominican Republic   Repayment Term: 8 months
(more info)
Activity: Food Market   Repayment Schedule: Monthly
Loan Use: To buy rice, cooking oils, sugar, and vegetables.   Currency Exchange Loss: Covered
      Default Protection: Covered
Lucia Martinez is a middle-aged woman who came to Esperanza in search of her first loan. She has begun a small “colmadito”, or store that sells staple foods and accessories. However, she is lacking adequate capital to buy enough inventory for the store. The money from this loan will go towards purchasing cooking oil, rice, sugar, and crackers. Lucia said that she hopes to continue to grow her business, so that she will be able to help support her two grown children (23 and 25) to attend college. When she is not working, Lucia enjoys attending her local church several times a week.


Lucia Matinez is the leader of the 10 person micro-bank, Las Mujeres Luchando Contra La Pobreza, which means, The Women Fighting Against Poverty. Each of these unique Dominican entrepreneurs unite in solidarity, allowing them to access funding that they would otherwise never be able to receive on their own. The concept of this group bank paying their loan together is to reduce the risk of one person defaulting, as the others members gladly help cover one another’s payments in order to receive their next loan together. One of the other women in the group has runs a small salon, one sells vegetables in the street, and several of the others sell clothing to in the streets and markets of Puerto Plata.


On behalf of Lucia, the Mujeres Luchando group, and the entire team here at Esperanza International, we thank you for your support and awareness of the global issue of poverty, in which your efforts are helping to make a difference.



About Group Loans
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. Learn more


Subscribe

Lenders to this group

Jacobson Family
Cortlandt Manor, NY
United States

Joy, Tony, and Lauren
Twin Cities, MN
United States

Mark
Antwerp, Antwerp
Belgium

Peter
Hollywood, Florida
United States

margaret
lusby, MD
United States

Paul
Sth Queensferry,
United Kingdom

Omtara1008
Ross, CA
United States

Rob
St. Charles, IL
United States

Matthew
Simi Valley, CA
United States

Jason
Crystal Lake, IL
United States

Nicholas
dyer, IN
United States

Wendy
Las Vegas, NV
United States

Jeanette
New York, NY
United States

Meghan
Littleton, Ma
United States

St. Catherine of Siena
Des Moines, IA
United States

John
Sunnyvale, CA
United States

Joseph Taggart
Taylorsville, UT
United States

Tinna
Reykjavík,
Iceland

Yosimary
Newark, NJ
United States

Marina
Brooklyn, NY
United States

Byron & Susanne
Novato, CA
United States

Anonymous
San Francisco, CA
United States

Reid Hoffman
Mountain View, CA
United States

Lothar
Bronx, NY
United States

Mitchell
Seattle, WA
United States

lisa
San Francisco, CA
United States

Nyree and Martin
Brisbane, Queensland
Australia

Kyle/Jessica
Syracuse, NY
United States

Holli
bellevue, WA
United States

Pitopia
Karlsruhe,
Germany

Roger
Lakewood, CO
United States

Karen
Mooresville, NC
United States

Andrew
Fair Lawn, NJ
United States

bob
stuart, FL
United States

Ann
Burlington, Ontario
Canada

Hugh
Brentwood, TN
United States

bennymoto
Scarborough, ON
Canada

Brian & Sue
Iowa City, IA
United States

Jim
Orlando, FL
United States

Katie
Asheville, NC
United States



Journal entries for Las Mujeres Luchando Contra La Pobreza Group


Loan has been disbursed
 
Entrepreneur: Las Mujeres Luchando Contra La Pobreza Group
Location: Puerto Plata, Dominican Republic

Thank you for your loan. It has been disbursed to the Las Mujeres Luchando Contra La Pobreza group, consisting of Lucia Martinez, Medeline Simeon, Fifa Martinez, Dieulene Oguisten, Vanesa Odicil, Benita Santo Martinez, Dominga Familia, Olguita Maritnez, Leonarda Rodriguez, Severina Estrella by Esperanza International, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Esperanza International, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Puerto Plata, Dominican Republic
Jul 29, 2008
Comment on this entry

Loan Progress Update
 
Entrepreneur: Las Mujeres Luchando Contra La Pobreza Group
Location: Puerto Plata, Dominican Republic

Lucia Martinez and her group "Mujeres Luchando Contra la Pobreza", which in English is "Women Fighting Against Poverty", successfully completed paying back this Kiva loan. Lucia owns a "colmado" which is a small convenience store. She used her loan to purchase things like rice and sugar to sell in her store. She is the mother of two adult children and would like another loan when her current one is finished. She would like to thank Kiva lenders for their efforts to help the poor.

On behalf of Lucia Martinez, Mujeres Luchando Contra la Pobreza, and all of us here at Esperanza International, thank you for your contribution!


Posted by Kevin Halloran from Puerto Plata, Dominican Republic
Mar 10, 2009
Comments (2)

Update on Esperanza borrowers
 
Entrepreneur: Las Mujeres Luchando Contra La Pobreza Group
Location: Puerto Plata, Dominican Republic

Dear Kiva Lenders,

While it has been two weeks since a 7.1 earthquake struck Port au Prince, Haiti the destruction and loss of lives left as a result of the natural disaster is tremendous.

Kiva’s field partner in Haiti, Esperanza International, has offices located in the northern part of Haiti, Trou du Nord (close to Cap Haitian), in which it is confirmed that the offices as well as all staff members were spared from harm. However, Esperanza has confirmed that two associates who were in the capital tragically lost their lives during the earthquake. In addition, 40% of Esperanza’s borrowers in the Dominican Republic are of Haitian origin and have been adversely impacted by the disaster. This link is particularly important as many of the Haitian clients in the Dominican Republic regularly send remittances to their relatives in Haiti, which will prove to be a vital lifeline to help sustain these families in the months ahead.

Clients in Haiti now more than ever face a whole new set of challenges: many associates have already and will continue to take in family members fleeing from Port-au-Prince; hundreds of borrowers cope with the emotional distress of losing family and friends; associates who once traveled frequently to the capital as a commercial center must find news ways of obtaining necessary supplies and materials for their businesses; and many will be facing elevated prices as the supply of products is now limited and the demand is elevated, etc.

Esperanza has responded to the disaster situation at hand by working with already established partners in Port-au-Prince and southern Haiti in addition to various U.S. and Dominican organizations. It is currently in the early stages of an immediate disaster relief plan, which is targeting 10,000 families to send immediate relief to. In addition, Esperanza has collaborated with the U.S. organization, Operation Rainbow, performing around 100 surgeries to date in the border town of Jimaní as well as with surgeons from Rush Presbyterian Hospital of Chicago to treat victims in Carrefour, the epicenter of the earthquake. This immediate aid will be followed by a longer-term relief process, which will focus on 5,000 families (32, 250 individuals) to provide rehabilitation to in the form of family housing, education, water/preventative health, and income generation.

With regards to the earthquake’s effects on Esperanza’s microfinance operations, it is likely that in the months ahead many of Esperanza’s loans in Haiti may need to be refinanced or cancelled as clients deal with the aforementioned challenges, however, we intend to stand by our clients and continue to offer access to credit, as well as our range of complimentary services, as the situation permits. Additionally, Esperanza intends to go ahead with its long term plan of opening three more branch offices in the next three years in Haiti to expand access to credit to Haitian borrowers.

Despite the many obstacles borrowers face in the months ahead, associates have continually proven capable of overcoming adversity and showing resiliency in difficult times. They have found innovative and creative ways to create new income streams and this ability will be essential to a sustainable rebuilding process in Haiti. More than ever, micro-finance has the potential to be a vital part of this re-growth. We encourage you now, more than ever, to finance Haitian borrowers through Kiva microloans.

If you would like to learn more about Esperanza and HOPE International, or to find out ways you can help, – including their current humanitarian relief and other support efforts in Haiti – please visit Hope’s website. You can also visit Esperanza’s website or email disasterresponse@esperanza.org.

Photos: Mike Lee, Operation Rainbow


Posted by Cynthia McMurry, Kiva Staff, from San Francisco, United States
Feb 3, 2010
Comments (11)

Kiva Help Repayment Schedule for Las Mujeres Luchando Contra La Pobreza Group

  Expected Repayments Actual Repayments Comments
October 2008 $241.67 $242.00 Repayment Received
November 2008 $241.67 $242.00 Repayment Received
December 2008 $241.67 $241.00 Repayment Received
January 2009 $241.67 $241.67 Repayment Received
February 2009 $241.67 $241.67 Repayment Received
March 2009 $241.65 $241.66 Repayment Received