Mujeres Unidas Con Propositos 1 & 2 Group
Eladia and her husband live in a simple home in Santiago with their two children. Santiago is the second-largest city in the Dominican Republic. Life in urban areas of the Dominican Republic is overcrowded and can be rough, with no potable running water, frequent power outages (if one has power to begin with), and inadequate healthcare. Despite these difficulties, Eladia runs a successful business selling miscellaneous items to her friends and neighbors. With this loan, she will purchase perfumes, clothing, appliances, and sweets to sell for a small profit at her street stand.
This is Eladia’s fifth loan with Esperanza International. With continued profits, Eladia hopes to purchase a small truck so that she can buy her merchandise more easily and in greater quantities. She also hopes to support her children’s education with the benefits from her business, making sure that they receive the best schooling possible. In the future, Eladia hopes to purchase her own store and continue increasing the size of her sales and customer base.
Esperanza International seeks to free children and their families through initiatives that generate income, education and health, restoring self-worth and dignity to those who have lost hope. We have over 8,500 active associates in eleven offices in the Dominican Republic and Haiti. Thank you for lending to Eladia and the Mujeres Unidas con Propositos group!
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.
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Success!! The loan was 100% repaid