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El Eden Iii Group
In this Group: Celenia, Mencia, Trinidad, Casimira, Mercedes
Celenia S. is a 46-year-old woman who lives in a small town in the eastern province of Hato Mayor in the Dominican Republic. Two years ago she opened a small colmado, or store that sells staple foods and accessories. But she lacks enough capital to buy inventory for her store. The money from this loan will go towards buying oil, rice, sugar and flour to sell to her customers. Celenia said that she hopes to continue to grow her business so that she will be able to support her five children (ages 21, 20, 19, 17, and 16) and continue providing them with the education they need to obtain good jobs in the future.


Celenia leads a five-person group, El Eden III. Each of these Dominican entrepreneurs unites in solidarity, so that they can secure access to funding that they would never otherwise be able to receive on their own. One of the other women in the group has a small salon, one prepares and sells food in the street and the others sell clothing.


On behalf of Celenia, the El Eden group, and the entire team here at Esperanza International, we thank you for your support for this group!

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
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 34.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Eden Iii Group's $2,000 loan helped a member to buy flour, oil, rice and sugar.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 15, 2008
Listed
Jul 8, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009