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Canal De Bendicion 6 Group
In this Group: Mariluz, Altagracia, Yela, Emilia, Altagracia
These five micro-entrepreneurs live in Batey 18. This is a small settlement around one of the many sugar cane fields in La Romana. The sugar cane fields are owned by a private company, who also owns the houses in the batey and has some control over the commercial activities allowed inside the batey. This forces many of the batey inhabitants to leave their home and their children for extended periods of time to sell their goods.

Mariluz M., the group coordinator, has 3 children (ages 11, 9 and 4). She sells two different things: candy and snacks, which she sells from a palatera (a small market stand) and chorizo (a type of sausage). This loan, which is Mariluz's very first loan with Esperanza, will allow her to purchase merchandise for both of her sales.

However, Mariluz does not intend to remain a seller. She intends to learn beauty culture and open a beauty salon in the near future.

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD