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Luz De Bendicion 1 & 2 Group
In this Group: Marie, Jaquelin, Fredelyne, Monette, Guirlene, Taylor, Marie, Melliane, Michelinma, Nadill
Marie is one of the members of the “Luz de Bendicion 1 & 2” (Light of blessing) group which is comprised of 10 micro-businesswomen. They are involved in clothing sales, natural products sales, shoe sales, food sales, etc. Marie lives in the city of La Romana. Its economy depends on tourism and the sugarcane industry.

Marie is very excited to receive her second loan from Esperanza Internacional, having satisfactorily repaid her previous loan and taken an important step in her business growth. She has had her business for about eight years; she started it with her saving. She is running a cosmetics and shoes sales, and she is planning on investing the new loan to have capital and be able to buy what her clients order. She does her sales by walking around with products and with a catalog. When her clients order an item, she buys it and most of them pay on credit.

Marie’s family is made up of herself, her long-term partner and their three children, of whom two live in her house. She tells us that her greatest challenge is to build her house into a better structure. She will use her profits to save and start making change to her house by building little by little. 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
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 37.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz De Bendicion 1 & 2 Group's $1,650 loan helped a member to buy cosmetics and shoes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2011