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Fuente De Bendicion Group 3
In this Group: Damiana, Valentina, Avelina, Josefina, Hirza
Damiana R. is the group leader of the solidarity group Fuente D. Bendicion (or Fountain of Blessing). This group is maD. up of friends and neighbors in the small coastal town of Sabana D. la Mar.

With this loan, Damiana will buy fruit, vegetables and habichuelas (Dominican beans) which are used in a popular Dominican bean dish. Damiana has already repaid two loans and is excited to take out a bigger loan to grow her business even more.

Damiana is a 39-year-old mother of four (ages 16,14,12, and 9) and since starting her business, she has been able to make sure all of them go to school. Her dream is to grow her businesses enough to be able to send them to college.

On behalf Damiana and the entire Fuente D. Bendicion group, thank you for providing an opportunity to those who need it most!

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

  • $7,611
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fuente De Bendicion Group 3's $1,200 loan helped a member to buy more fruit, vegetables, and habichuelas.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2009
Listed
Jul 18, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010