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Mujeres Del Nuevo Renacer Group
In this Group: Francelina, Maria, Mercedes, Mirian, Ana, Santa, Ana, Diela, Ana, Balbina, Maria, Florentina, Ana, Leocadia, Valentina
Francelina E. R. is the leader of the group called “Nuevo Renacer”, which means “New Birth” in English. Francelina is the mother of five, ranging in age from three months old to fourteen. She owns a salon and will buy a hair dryer and more products with her loan. Her business started up as a bag full of supplies that she used to bring to houses of clients. It has grown into a community salon that has a physical location thanks to her Esperanza loan and good old-fashioned hard work. She eventually hopes to be able to offer all of the offerings of a spa including massage.

She hopes her children can grow up to be professionals and be strong in their Christian faith. Francelina does not have much free time between her five children and business, but when she does get to relax, she enjoys watching telenovelas (soap operas, which are very popular here in Latin America) on TV.

Because of Francelina’s hard work and diligence in repaying her previous two loans, this loan will be for a bigger amount. She hopes this one will help her business as much as the previous loans have.

On behalf of Esperanza International, thank you for supporting these entrepreneurs!

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
  • 35.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres Del Nuevo Renacer Group's $3,325 loan helped a member a hair dryer and personal products for her salon.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009