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Mujeres Hacia El Progreso 2, 3, 4 & 5 Group
In this Group: Patricia, Efrain, Leonela, Justina, Maria, Eusebia, Elias, Doris, Isabel, Angela, Francisca, Nercida, Nilsia, Nereida, Morelba, Jacinta, Yairis, Verner, Roberto*, Sadansina*
* not pictured
Patricia is one of the members of the Grupo Mujeres Hacia el Progreso 2, 3, 4 & 5 made up of 20 micro business owners. They all work selling clothes, natural products, shoes, food, etc. Patricia is very excited to be receiving her sixth loan from Esperanza Internacional, after having paid off her previous loan satisfactorily and taken a step towards business growth. She has had her business selling clothes for around four years. She started the business with her own resources.

Patricia is planning to invest her new loan towards purchasing clothes, underwear and swimwear. She is going to use her earnings to continue saving. With previous loans, she started increasing her sales and saving. She is dreaming of having an improved business, to get married and to have her children. She tells us that her most difficult challenge was to establish her business and to finish studying. She loves to watch television and to help at the church.

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
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    Dominican Republic Loans Fundraising
  • $8,439,900
    Funds lent in using Kiva
  • 41.1
    Dominican Republic Pesos (DOP) = $1 USD