Progreso Y Conciliacion #1 Group


Status: Paying Back

$1,075.00   Loan Amount
74% repaid

About the Group

Group Name: Progreso Y Conciliacion #1 Group
Group Members: Andrea Chery
Eludina Saba
Felix Belen
Mercedes Morales
Rosa David Paz
Location: Consuelo, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: Purchase of women's clothes, sheets, and comforters.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 19, 2009
Date Disbursed: Jun 19, 2009
Date Funded:Jun 20, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:36.0000 DOP = 1 USD



Andrea (pictured on the far left wearing blue) has five children and lives in a small town in Consuelo named “Barrio 15”. It can get quite confusing, really fast, when you travel within Consuelo. The dirt roads are very narrow and not named, but are just the perfect size for motoconchos (taxi motorcycles) to ride in. The motoconcho drivers have to make sure they accurately dodge the kids and animals playing outside. If you are lost, you can usually easily find your way by asking the friendly community members, everyone knows each other and can direct you without a problem.

Andrea has requested a loan to purchase new women’s clothes, sheets, and comforters. She particularly states that she wants to buy women’s intimate apparel as she is currently running low. She has been doing this business for 12 years and is very experienced with it. This is her third consecutive loan with Esperanza but she says that she used to borrow from Esperanza eight years ago. Andre says that her life has changed dramatically after she became an Esperanza client. Now she has a lot of material goods that she never dreamed she could purchase. She proudly confesses, “life keeps on getting better”. Andrea hopes to always manage a successful business and aspires to see her children succeed in life.

Support Andrea and her team of entrepreneurs achieve their goals. Thank you.





About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Progreso Y Conciliacion #1 Group


Loan has been disbursed
 
Entrepreneur: Progreso Y Conciliacion #1 Group
Location: Consuelo, Dominican Republic

Thank you for your loan. It has been disbursed to Progreso y Conciliacion #1 Group, consisting of Andrea Chery, Eludina Saba, Felix Belen, Mercedes Morales, Rosa David Paz by Esperanza International, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the 5 months of this loan, Esperanza International, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Consuelo, Dominican Republic
Jun 21, 2009
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Kiva Help Repayment Schedule for Progreso Y Conciliacion #1 Group

  Expected Repayments Actual Repayments Comments
September 2009 $267.82 $267.82 Repayment Received
October 2009 $178.89 $178.89 Repayment Received
November 2009 $179.17 $179.17 Repayment Received
December 2009 $179.44 $179.44 Repayment Received
January 2010 $179.71 Available Jan 1  
February 2010 $89.97 Available Feb 1