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Mujeres Unidas Con Proposito Group
In this Group: Yovaira, Maria, Ciariel, Yubelca, Roselidys
“Mujeres Unidas con Proposito”, or Women United with Purpose, is a group of five women entrepreneurs seeking their first microfinance loan from Esperanza International. All but one member of this bank, who already operates an entrepreneurial activity, plan to use their first loan to begin their first business and take a step towards bettering their financial and living situation. It is an exciting time for this bank and community.

Yovaira, the coordinator for this group in the city of Santiago, declares that she wants to triumph. Yovaira, mother of two children (ages: 4, and 5 months), plans to sell cooking oil and bedding from her home and throughout the streets of her neighborhood. She declares that she wants to provide for her two children and give them a better standard of living.

Other members of Yovaira’s microfinance bank plan to create similar entrepreneurial activities including a washing and ironing business, shoes, clothing and paper sales.

On behalf of Esperanza and this group of business entrepreneurs, we would like to thank you for your support!

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
  • 35.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Unidas Con Proposito Group's $825 loan helped a member purchase Oil and Bedding to Sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2009
Listed
Mar 7, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009