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La Fuente De Bendicion 2 Group
In this Group: Reina, Josefina, Eduarda, Alfonso, Lourdes
Reina is one of our businesswomen. She sells seafood in her community, which is a rural area surrounded by forests and mountains. Reina started her business around seven years ago with her personal savings. She sells all kinds of seafood such as squid, fish, crabs, and shrimp. Reina lives near Bahia, in the town of Hato Mayor, an agricultural zone. She has two children who still live at home and she lives with her long-term partner, who is the children's father.

Reina’s most important challenge is to live according to God’s will. Reina is requesting her 11th loan from Esperanza International. Because her loan repayments have all been made punctually, she has been able to grow her business with the re-investment from each loan. She has had the opportunity to improve her life and family and expand her business to get more clients. Reina would like to save her profits to renovate her house and give her children a safer home. In the future, she wants to become a successful and professional businesswoman.

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.

Tags

About Dominican Republic

  • $9,700
    Average annual income
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 43.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fuente De Bendicion 2 Group's $4,550 loan helped a member to buy seafood to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015