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La Bendicion 2, 4 & 5 Group
In this Group: Marta, Marina, Juan, Ciliana, Luisa, Damaris, Mirella, Juliana, Margarita, Fernando, Celenia, Nicauris, Cludimex, Clairzina, Ivelice
Marta is the coordinator of her group "La Bendicion" 2, 4 & 5 (Blessing). She makes her home here in a simple house with her eight children and her long-time partner. She says that her most difficult challenge is to raise and provide for her family. She plans to continue enjoying being with her children.

Marta is excited to be taking out her 10th loan with Esperanza after having successfully repaid her previous loan and expanded her business. She has had her business for over six years, starting after the first loan she received from Esperanza Internacional. She plans to use this loan to invest in her business by buying pants, shirts, underwear and shoes. She will use the profits to pay for a lot that she acquired.

This Esperanza associate began with us because she needed to start up a business; a group was formed in her community and she was invited. Her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the DR from Haiti). Her group is located in the rural area surrounding Hato Mayor, an agricultural area. This area, like nearly all impoverished areas of the Dominican Republic suffers from unreliable running water (none of which is potable) and unreliable electricity.

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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 37.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Bendicion 2, 4 & 5 Group's $4,775 loan helped a member new clothing for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2011
Listed
Feb 22, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011