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Mujeres Poderosas 1, 2, 3 Group
In this Group: Maritza, Sixta, Yanira, Altagracia, Martha, Ana, Genara, Yudelka, Ysabel, Altagracia, Maria, Margarita, Ana, Guarely, Sara
Maritza is the group coordinator of the Banco D. Esperanza (Bank of Hope) Mujeres Poderosas (Powerful Women). Her story is representative of both her group and of Esperanza's Haitian (many of whom have recently immigrated to the Dominican Republic) and Dominican clients. The group is based in Puerto Plata, a small rural zone that has basic, but unreliable, electricity and running water.

Maritza lives with her husband and has three sons. She is a professional cosmetologist and runs a beauty salon. She will use this loan to purchase additional beauty supplies and cosmetics. She hopes to one day have a better salon that is bigger.

Maritza has successfully repaid three loans and this is her fourth loan with Esperanza. These loans have helped to improve her quality of life and have enabled her to make investments.

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,557,075
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD