Los Montones: Group 3
Status: Paid Back
| $1,200.00 | Loan Request | |
|---|---|---|
| $1,200.00 | Paid Back |
About the Group
| Group Name: | Los Montones: Group 3 |
|---|---|
| Group Members: |
Martha Sosa Rincon Dominga Guzman Favian Dolores Santana Sabino Germania Rincon Diaz Juana German Obispo |
| Location: | San Pedro De Macorís, Dominican Republic |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $1,200.00 |
|---|---|
| Loan Use: | To buy clothes to sell. |
| Repayment Term: | 5 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 25, 2009 |
| Date Disbursed: | Jun 10, 2009 |
| Date Funded: | Jun 26, 2009 |
| Loan Ended: | Oct 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Esperanza International Dominican Republic, a partner of HOPE International |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 33 months |
| Kiva Entrepreneurs: | 7033 |
| Total Loans: | $1,617,350 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Dominican Republic |
|---|---|
| Avg Annual Income: | $7,611.00 |
| Currency: | Dominican Republic Pesos (DOP) |
| Exchange Rate: | 35.9500 DOP = 1 USD |
Martha Sosa Rincon (far left) is the coordinator for a group of five women seeking to take out a loan. She is a single mother of two children, ages 5 and 2. She manages a small business selling clothes, something she has a wealth of experience doing.
This is the second time she has taken out a loan with Esperanza; her first loan was successfully used to expand her business to improve her family’s wellbeing. With this loan, she plans to purchase more clothes to further expand her business. Eventually, she hopes to open her own boutique.
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
This is the second time she has taken out a loan with Esperanza; her first loan was successfully used to expand her business to improve her family’s wellbeing. With this loan, she plans to purchase more clothes to further expand her business. Eventually, she hopes to open her own boutique.
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 Los Montones: Group 3
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Loan has been disbursed
Location: San Pedro De Macorís, Dominican Republic
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Posted by
from San Pedro De Macorís, Dominican Republic
Jun 27, 2009 |
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Comment on this entry
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Repayment Schedule for Los Montones: Group 3
Repayment Schedule for Los Montones: Group 3
| Expected Repayments | Actual Repayments | Comments | |||
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| August 2009 | $199.62 | $199.62 |  Repayment Received
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| September 2009 | $399.69 | $399.69 | Repayment Received
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| October 2009 | $400.31 | $400.31 | Repayment Received
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| November 2009 | $200.38 | $200.38 | Repayment Received
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