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Monte De Bendicion 4 Group
In this Group: Monica, Jennifer, Juana, Keisy, Iris
Monica is a member of her group, Monte de Bendicion (Mount of Blessing) 4. Her group is located in the urban slums surrounding Santo Domingo. The members are dedicated to doing business around their community and other villages, selling clothing, shoes, cosmetics, underwear, and many other products.

Monica runs a colmado, a place where you can find all the ingredients to make your daily food. Normally, those colmados are in the same neighborhood to short walk distances from any home. She plans to use this loan to invest in her business to buy rice, flour, beans, sugar, meat, soda, and other foods.

Monica lives with her only child. She is a divorced mother, and her most difficult challenge was to get separated from her husband and to cover the costs for her child and home by herself. She dreams of having a successful business. She especially wants to have a big supermarket. She will reinvest her profits in her business. Monica enjoys working at her home and doing business. 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

  • $7,611
    Average annual income
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 38.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Monte De Bendicion 4 Group's $1,375 loan helped a member to buy rice, beans, sugar, meat, soda, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2012
Listed
Feb 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012