Check out some available loans that are similar to this one!
Canal De Bendicion - Group 2
In this Group: Marcelo, Pueny, Andremena, Lidia, Yeni
Marcelo S. lives in Batey 18, a very impoverished batey (company-run housing for a sugar cane plantation) outside of La Romana in the southeast Dominican Republic.

Batey 18 is a small community of about 20 houses, all of which are occupied by Haitian immigrants who come to work on the sugar cane fields. It is hard for them to do business in this community. The only time that people have money is during the sugar cane season when they get paid per pound of cut cane. In order to make decent profits, Marcelo has to sell on the streets of La Romana.



Marcelo will purchase house products, such as kitchen-ware, to sell. He hopes to make some good sales with Mother's day coming. Marcelo is married to Antonia Celestino and they have four children. One of his goals is to send his children to a better school so they can improve their education.



On behalf of the members of the Canal de Bendicion group, thank you for your support!

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
  • 15
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 35.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Canal De Bendicion - Group 2's $1,300 loan helped a member to buy home use items to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009