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Mujeres De Nuevo Renacer Group
In this Group: Leonora, Georgina, Maria , Balbina, Ruth , Licelot, Miguelina, Felipa, Yvona, Rosa
Leonora is the coordinator of her group Mujeres D. Nuevo Renacer (Born Again Women), and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. Her group is located in the areas surrounding Puerto Plata on the North Coast where the economy centers around tourism (which is a volatile industry) and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her husband and two children aged 10 and 12.

Leonora is excited to be taking her third loan with Esperanza after having successfully repaid her previous loans without delay. She plans to use this loan to invest in her ambulatory business selling shoes and underwear, investing in women's underwear and brassieres to sell. She will use the profits to continue investing in her family and in her business with the end goal of having a fixed location from which to sell her goods. She thanks you all 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

  • $9,700
    Average annual income
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,557,075
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD