Yocelyne Janvier is an ambitious young woman from Puerto Plata, Dominican Republic. She is 25 years old and lives with her husband and their three children. She will use this loan money to purchase new pants, blouses, shoes, and cosmetics from the nearby city of Santiago. Then, she will go on to sell the purchased goods in a local flea market. She hopes that her business will continue to thrive and aspires to own her personal business in the future.
Yocelyne Janvier is part of a 10-person micro-bank, Lucero de la Manana, which means "Morning Star". Each woman has her own personal business but all of them unite to pay their loan as a group. The purpose of the group loan is to assist each other in case someone defaults. The Kiva loans will be divided among the group to pay back.
We thank you for your support on behalf of Yocelyne, the Paz and Amor group, and the entire team at Esperanza International.Group Name: Lucero de la Maņana Group
Group Members: Marcelin Geudulaine
Guilene Joseph Charles
Guilene Joseph
Marie Ripper
Edita Destine
Yanet Artiles
Amada David Dencon
Rosenelle Joseph
Beatriz Basilo
Yocelyne Janvier
Location: Puerto Plata, Dominican Republic
Primary Activity: Clothing Sales
Loan Requested: $1,475.00
Repayment Term: 6 months - repaid monthly
Loan Use: Purchase new pants, blouses, shoes, and cosmetics to be sold in the local flea market.
Date Posted: Aug 1, 2008
About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.