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Fuente De Bendición Group
In this Group: Reina Maria, Emelyn, Lidia, Yolanda, Idania
Reina Maria D. L. is a 21-year-old woman who lives with her husband and two children (ages 4 and 2) in a small community in the eastern province of Hato Mayor in the Dominican Republic. She opened a small stand selling seafood products and snacks one year ago. She recently came to Esperanza because she lacked adequate capital to buy enough products for her stand. The money from this loan will go towards purchasing fish, crab, shrimp, and oil to expand her inventory further. It is Reina´s hope to continue to growing her business so that she will be able to help support her young children and proviD. them with good health care and education.

Reina is the leader of the 5-person micro-bank group, Fuente D. Bendición. In English, this means `source of blessing´. Each of these unique Dominican entrepreneurs unite in solidarity, allowing them to access funding that they would otherwise never be able to receive on their own.

On behalf of Reina, the Fuente D. Bendición group, and the entire team here at Esperanza International, we thank you for your support with this micro loan!

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
  • 15
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    Funds lent in using Kiva
  • 34.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fuente De Bendición Group's $750 loan helped a member to buy fish, crab meat, shrimp and oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 27, 2008
Listed
Aug 1, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009