A loan of $900 helped a member purchase beef & pork.

Nuevo Progreso 5 Group's story

Mateo is the coordinator for “Nuevo Progreso 5” (New Progress 5), a group that consists of five female micro-entrepreneurs who sell different products. She is the mother of one child who she raises along with her husband. They live in a modest home in one of the most impoverished and least accessible neighborhoods in the city of Santo Domingo. Mateo and the other members of her group strive each day to conduct their business activities in their community so that they can improve their incomes. They also want to motivate other women to engage in their own businesses so that they can help their families get ahead.

Mateo manages a butcher shop where she sells different types of meat such as chicken, beef, and pork. She has been in business for several years and also sells bacon, sausages, and salted meats. Mateo started her business because she needed to generate income for her family. She is receiving her first loan and will invest the funds in the purchase of beef and pork. Mateo is grateful to have the opportunity to receive a loan for her business and, God willing, continue receiving additional loans to grow her business and make her dreams become a reality. These include having a house that is solid, well-built, and weather resistant where she can establish her business.

In this group: Mateo, Luz, Eyra, Ynes, Yinette

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Translated from Spanish by Kiva volunteer Ronan Reodica

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