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La Bendicion 3,4,5 Group
In this Group: Ana, Juliana, Osiri, Damaris , Margarita, Yolanda, Natcha, Leonida, Marta , Luciana*, Elida, Teiri, Altagracia, Maica, Mirella
* not pictured
Ana is the coordinator of her group La Bendicion (The blessing), and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. Her group is located in the rural areas surrounding Hato Mayor, a poor agricultural area where running water (none of which is potable) and electricity are unreliable. She makes her home there in a simple structure with her long-term partner and their nine children.



Ana is excited to be taking her ninth loan with Esperanza after having fully repaid her previous loans and grown her business. She plans to use this loan to invest in her business selling used clothing by purchasing large packages of used clothing imported to the DR from organizations such as The Salvation Army in the United States. She will then sell the clothing in her community, using the profits to provide for the daily needs of her large family and to pay the transportation costs for her children to go to school. She thanks you all 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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Bendicion 3,4,5 Group's $5,000 loan helped a member used Clothing to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2010
Listed
Feb 18, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010