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Mujeres En Accion 3,5 Group
In this Group: Maria, Cruz*, Johanna, Bacilia, Cristobal, Isabel, Juana, Petronila, Fani, Mercedes
* not pictured
Maria is the coordinator of her group Mujeres en Accion (Women in Accion), and her story is representative of her group and of Esperanza's Haitian and Dominican clients in general. Many of these clienst have recently emigrated to the DR from Haiti. Her group is located in the urban slums surrounding Santo Domingo, an area where crime is rampant and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her long term partner and two children.

Maria is excited to be taking her fourth loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business running a beauty salon by investing in four lines of hair products to sell to her clients. She will use the profits to purchase the necessary items to make her newly purchased house a home (plates, chairs, etc.). 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
  • $8,583,700
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD