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Canal De Bendicion 6 Group
In this Group: Eliana, Emilia, Altagracia, Dignorah, Altagracia
Eliana is the coordinator of her group Canal de Bendicion 6 (Channel of Blessing). Her story is representative of her group and of Esperanza's Dominican and Haitian clients generally, many of whom recently emigrated to the DR from Haiti. Her group is located in the rural areas surrounding La Romana, where the economy is dominated by the sugarcane harvest and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her two children, taking care of them as a single mom.

Eliana is excited to be taking her fourth loan with Esperanza after having successfully repaid her previous loan and expanded her business. She plans to use this loan to invest in her business selling fried food, by buying chicken, beef, flour, oil and plantains. She operates a fried food stand where she cooks dinners for sale. She will use the profits to improve her quality of life by building her house out of concrete block, for more security.

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
  • $8,235,725
    Funds lent in using Kiva
  • 37.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Canal De Bendicion 6 Group's $1,975 loan helped a member to buy chicken, beef, flour, oil and plantains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2010
Listed
Dec 17, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011