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Trabajando Para El Futuro Group
In this Group: Teresa, Jeannette, Fidel, Cipriana, Ynes, Isabel, Esperanza, Rosa, Yoselin, Santa, Mardanisia, Juana, Teresa, Aniberca, Anjela, Ludovina, Fernanado, Luz, Guillermina, Margarita
"Trabajando para el futuro" or "Working for the future" is a large group of 20 hopeful people trying to receive a loan. This group is a great example of the power of micro-credit, and the effects it can have on the poor. This group is all hoping to receive their 6th or 7th loans. All the previous loans have all been paid back in full and on time, and now they hope to receive an even larger loan. This group of 20 hardworking people have all started to realize that they have the ability to change their future, and have all started to experience some success. Receiving a 7th loan is not something that all borrowers end up getting to, and that is in it self a great testament to the character and hard work of this group.



Ynes J. is the group representative, and a perfect example to represent this group. Ynes is a very outgoing, hardworking mother to 3 children. She is an extremely loving mother and has done everything in her power to proviD. her children with everything she never had. Ynes has lived in extreme poverty her whole life, and decided a few years back that she wanted to change her future and the future of her family. She received her first loan from Esperanza International and started a small salon from her house. From there she kept working hard and kept increasing the services and products of her salon, and today she has a very successful business. She can finally afford to pay for all of life's basic necessities, and even some luxuries. She has never been happier than she is now, and feels like she can beat poverty. The best part is that she is a testament to her children that they don't have to accept poverty as part of their lives, and can create a better life. Ynes is very excited about the future and is happy with the changes SHE maD. in her life! She is on the right path, and ready to keep increasing her business.



Thank you for your support of Ynes, and the group.

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
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 35.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Trabajando Para El Futuro Group's $3,675 loan helped a member buy products for her beauty salon.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2009
Listed
Feb 14, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009