Canal De Benedicion 4&5 Group


Status: Paying Back

$2,800.00   Loan Amount
0% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: Canal De Benedicion 4&5 Group
Group Members: Solenny
Beety
Daniela
Martha
Alicia
Venicia
Mileny
Violette
Roxana
Roxana
Location: La Romana, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $2,800.00
Loan Use: To buy supplies of sheets and pants
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 1, 2009
Date Disbursed: Oct 6, 2009
Date Funded:Nov 16, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.9000 DOP = 1 USD



Solenny is the coordinator of her group, the Canal de Bendicion (Channel of Blessing). Her story is representative of both the members of her group and Esperanza's Dominican Republic and Haitian clients more generally. Her group is based the rural areas surrounding La Romana, an area where many Haitian immigrants labor in an economy based around the sugarcane harvest, and where electricity and running water (none of which is potable) are unreliable at best. Here she makes her home alone.

She is excited about requesting her third loan and expanding her business. She has repaid these loans without problems and her loan size has grown along with her business. She plans to use this loan to purchase more pants and sheets to sell in her community. By buying in bulk she can negotiate a better price and use those profits to further invest in her business. She thanks you all for your support.



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. Learn more

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Lenders to this group

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Christian
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Jason
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Karen
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Nancy
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Paul
Southampton, NY
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Matthew
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Jim
Calgary, AB
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Julian
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Jeffrey
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Rotary Club of Gibsons
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Andrew
Dubai, Dubai
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Anonymous
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Anonymous
watchung, NJ
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Bronwyn
East Brisbane, Queensland
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SIID
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Douglas Cook
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Ben
London, London
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Geeta
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Dan
waldport, OR
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Eileen
Gilbert, AZ
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Mark
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Chantal
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Nazaret
Lublin, Poland
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William
Hoodsport, WA
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Jillian
Vence,
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Richard
Pocatello, Idaho
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Laurent D
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Markus
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Merle and Edith
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Kara Angèle
Brooklyn, NY
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VIRIDIAN
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David Houston
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Fredrik & Christel
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Koos
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Robert
Antioch, CA
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Benjamin
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Michael
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PMP
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Pooja
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Kurian
Novi, MI
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Christian
westbury, NY
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Cynthia
Fremont, CA
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Joseph
Monticello, MN
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BcuzHe1stLoved
irvine, CA
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Kren
Århus V,
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Lisa
San Jose, CA
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Carol
Unionville, Ontario
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Paul
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Ed
Fort Collins, CO
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Jean Francois
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NumbNut
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gina
Brooklyn, NY
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Rick
Calgary, Alberta
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Robert
Holland, MI
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Charles
Reno, NV
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Anonymous
Oklahoma City, OK
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Kaisa
Espoo,
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Justin D
San Francisco, CA
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Steven
Duluth, MN
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Stacia
Toronto, Ontario
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Ben
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Journal entries for Canal De Benedicion 4&5 Group


Loan to Solenny
Beety
Daniela
Martha
Alicia
Venicia
Mileny
Violette
Roxana
Roxana in Dominican Republic has been 100% funded
 
Entrepreneur: Canal De Benedicion 4&5 Group
Location: La Romana, Dominican Republic

Thanks to you and 80 other Kiva Lenders, the 2800.00 loan requested by Solenny
Beety
Daniela
Martha
Alicia
Venicia
Mileny
Violette
Roxana
Roxana in Dominican Republic has been 100% funded. The loan will be used for the purpose of: To buy supplies of sheets and pants.

Over the months of this loan, Kiva’s Field Partner in Dominican Republic, Esperanza International Dominican Republic, a partner of HOPE International, will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from La Romana, Dominican Republic
Nov 16, 2009
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Kiva Help Repayment Schedule for Canal De Benedicion 4&5 Group

  Expected Repayments Actual Repayments Comments
January 2010 $643.11 Available Jan 1  
February 2010 $679.63 Available Feb 1  
March 2010 $474.41 Available Mar 1  
April 2010 $492.19 Available Apr 1  
May 2010 $510.66 Available May 1