Guerreros Para Cristo 1 Group


Status: Paying Back

$1,425.00   Loan Amount
74% repaid

About the Group

Group Name: Guerreros Para Cristo 1 Group
Group Members: Irene Lundy
Maria Mota
Andres Luis
Yackeline Yesi
Marie Louis
Location: La Romana, Dominican Republic
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,425.00
Loan Use: To purchase candy and snacks to sell.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 23, 2009
Date Disbursed: Jun 19, 2009
Date Funded:Jun 24, 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



Irene Lundy and the other members of this group live on Batey 18. This is a small settlement inhabited mainly by the families of the sugar cane field workers. The houses in this community belong to the sugar cane company. Because the wages are extremely low, and during the off-season there is no other income for the batey, a lot of people, especially women, become self-employed.

Irene is illiterate. This makes her access to formal employment almost null. She is married to Lisua Rene. They have 4 children, out of whom 2 live with them still. Irene has a small candy stand. She explains it's difficult to do business in her community because a lot of people sell the same things. She sometimes goes to sell on the streets of nearby communities to sell her merchandise. The other challenge she faces is the size of her community. Batey 18 has only 3 streets.

Irene would like to continue investing in her business and saving towards a future expansion (hopefully outside of her batey). She hopes her hard work allows her to buy a house for her retirement.



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 Guerreros Para Cristo 1 Group


Loan has been disbursed
 
Entrepreneur: Guerreros Para Cristo 1 Group
Location: La Romana, Dominican Republic

Thank you for your loan. It has been disbursed to Guerreros Para Cristo 1 Group, consisting of Irene Lundy, Maria Mota, Andres Luis, Yackeline Yesi, Marie Louis 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 La Romana, Dominican Republic
Jun 25, 2009
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Kiva Help Repayment Schedule for Guerreros Para Cristo 1 Group

  Expected Repayments Actual Repayments Comments
September 2009 $355.02 $355.02 Repayment Received
October 2009 $237.13 $237.13 Repayment Received
November 2009 $237.49 $237.49 Repayment Received
December 2009 $237.87 $237.87 Repayment Received
January 2010 $238.23 Available Jan 1  
February 2010 $119.26 Available Feb 1