Plan De Lucha 3 Group


Status: Paying Back

$1,775.00   Loan Amount
74% repaid

About the Group

Group Name: Plan De Lucha 3 Group
Group Members: Ramona Carela
Jose Zorrilla
Martha Bautista
Silverio Hernandez
Solanyi Ramirez
Location: Hato Mayor, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $1,775.00
Loan Use: To buy more women's underwear and milk for her businesses
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 25, 2009
Date Disbursed: Jun 23, 2009
Date Funded:Jun 29, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.9500 DOP = 1 USD



Ramona is part of a solidarity group called Plan de Lucha, or Plan of Attack. The members of this group live in the small town of Hato Mayor in the Dominican Republic and are seeking a loan to build their businesses. This group has successfully completed four loan cycles and has enjoyed the opportunity these loans have provided them. They seek another loan to continue to build their businesses and provide for their families.

Ramona runs two businesses, one selling women´s undergarments and one selling milk. With this loan she would like to buy more of each to increase her inventory to meet the increasing demand in the community. Ramona lives with her husband Felipe and her three children aged 15, 7, and 6. All of her children attend school and, with this loan, she can grow her business to continue to be able to provide an education for her children.

Ramona and the entire Plan de Lucha group appreciate the opportunity that these micro-loans have given them and hope to continue in their success.




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 Plan De Lucha 3 Group


Loan has been disbursed
 
Entrepreneur: Plan De Lucha 3 Group
Location: Hato Mayor, Dominican Republic

Thank you for your loan. It has been disbursed to Plan de Lucha 3 Group, consisting of Ramona Carela, Jose Zorrilla, Martha Bautista, Silverio Hernandez, Solanyi Ramirez 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 Hato Mayor, Dominican Republic
Jun 30, 2009
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Kiva Help Repayment Schedule for Plan De Lucha 3 Group

  Expected Repayments Actual Repayments Comments
September 2009 $294.70 $294.70 Repayment Received
October 2009 $295.15 $295.15 Repayment Received
November 2009 $443.58 $443.58 Repayment Received
December 2009 $296.29 $296.29 Repayment Received
January 2010 $296.74 Available Jan 1  
February 2010 $148.54 Available Feb 1