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Memena's Group
In this Group: Memena, Claudette, Edrina, Onis*, Sonia, Orcilia, Senyo, Graciela*, Sofia, Milena
* not pictured
Memena is the coordinator of her group, called Dios Proveera 3, 5 (God will provide). She is excited to be taking her fourth loan with Esperanza, after having successfully repaid her previous loan and expanding her business. She operates a clothing store and is planning to invest in it by buying different types of clothes, for men, women and kids. She will use any profits to reinvest in her business, Christmas time sales are really good, and that's why she wants to have plenty of merchandise.

Memena's story is representative of her group and of Esperanza's Dominican and Haitian clients generally, many of whom recently emigrated to the DR from Haiti. Her group is located in the rural areas surrounding La Romana, where the economy is dominated by the sugarcane harvest 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 their two children. She wants to be strong for work and help her children to have a good education.

The small picture in the lower right corner is the group coordinator, Memena.

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
  • $8,439,900
    Funds lent in using Kiva
  • 37.3
    Dominican Republic Pesos (DOP) = $1 USD