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La Fuente De Bendicion 7 Group
In this Group: Hirza, Mercedes, Polonia, Modesto, Avelina
Hirza is one of the members of La Fuente de Bendicion (The Source of Blessing) 7. They are five micro-entrepreneurs in the rural area surrounding Hato Mayor, an agricultural area. Hirza is the mother of five children and they live together with her long-term partner in a rural village outside the town. She started selling clothes nine years ago.

Hirza is receiving her 10th loan. She repaid her previous loans on time and made good investments. She is planning to use her new loan to purchase miscellaneous products like clothes, shoes, cosmetics, etc., for her business, which she started with a loan she received from Esperanza almost 9 years ago where she took her first three loans from us, she stopped taking loans from Esperanza for approximately a three year, and she started again, since this second chances she has taken 7th other loans.

Hirza will use the profits to continue rebuilding her house. Little by little, she plans to finish building it. Her most important challenge is to continue improving her business. She is really focused on helping her children to get a better education, good health and a better life.

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
  • 9
    View loans »
    Dominican Republic Loans Fundraising
  • $7,997,375
    Funds lent in using Kiva
  • 38.3
    Dominican Republic Pesos (DOP) = $1 USD
Expired
A portion of La Fuente De Bendicion 7 Group's $4,975 loan helped a member to buy clothes, shoes, and other miscellaneous products.
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2012
Listed
May 18, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 17, 2012