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Bienestar En Dios (Well-Being In God) Groups Ii-4 And I-6
In this Group: Luz, Quenida, Juana, Dolores, Francisco, Francisca, Mrinelly, Maribel, Sofia, Alicia
Luz, whose name means “light” in Spanish, lives with her husband and four children, ages 15, 14, 13 and 5. They live in a small house maD. of cement blocks with a cement roof and a cement floor. She has a small business selling clothing out of her house. She buys clothing in bulk packs and then sells each piece individually. Luz has successfully repaid 3 loans to Esperanza International and is now requesting her fourth loan. She wants to be able to continue to buy more clothing and expand her business so that her kids can grow up with everything they need and get a good education.

Note: This is a group loan for 10 people.

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 34.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Bienestar En Dios (Well-Being In God) Groups Ii-4 And I-6's $3,875 loan helped a member this group would like to improve their various businesses, like Luz who would like to sell more clothes to better support her two children.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 12, 2008
Listed
Aug 7, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009