Canal De Bendicion 4 & 5 Group
Venicia and her husband live with their three children in a simple home in a Batey near La Romana. Bateyes are very poor. The small rurl community was built by sugar companies for their field workers. Life is extremely difficult, with no potable running water, daily power outages and inadequate access to health-care. Despite these difficulties, Venicia runs a successful “colmado” (small corner store). Colmados sell everything from bread to batteries. With this loan, Venicia will buy rice, oil, flour, chicken, soft drinks, meat, and fish to sell.
This is Venicia’s fourth loan from Esperanza International. She hopes to continue to growth her business. Venicia’s profits help her provide for her family and cover many basic necessities around the house and for her children’s schooling. Venicia hopes to continue growing and improving her business, taking out larger and larger loans over time.
Esperanza International seeks to free children and their families from poverty through initiatives that generate income, education and health, restoring self-worth and dignity to those who have lost hope. We have over 8,500 active associates in eleven offices in the Dominican Republic and Haiti. Thank you for lending to Venicia and the Canal de Bendicion group!
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.
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Success!! The loan was 100% repaid