La Fortaleza Group 2
Status: Paying Back
| $1,525.00 | Loan Amount |
|---|
About the Group
| Group Name: | La Fortaleza Group 2 |
|---|---|
| Group Members: |
Dionorat De La Cruz Tata Josefa Wilfrido Marte Oran Sebils Pie Flor Eusebio |
| Location: | Hato Mayor, Dominican Republic |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $1,525.00 |
|---|---|
| Loan Use: | To buy pants and blouses for her clothing store. |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 26, 2009 |
| Date Disbursed: | Jun 25, 2009 |
| Date Funded: | Jun 29, 2009 |
About the Field Partner
About the Field Partner
|
|
| 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: | 7025 |
| Total Loans: | $1,615,200 |
| 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 |
Dionorat is the leader of the group La Fortaleza 2, which translates as "The Strength." This group is seeking a loan to help them grow their small businesses in the town of Hato Mayor on the eastern sector of the Dominican Republic. This is a group made up of friends and family that has successfully taken out three loans in the past and has supported one another in their entrepreneurial ventures.
Diornat owns a clothing store that she started two years ago. With this loan, she will buy more pants and blouses to sell in her store. She hopes to increase her profits so that she can continue to support her two children, aged 13 and 16, and be able to send them to college.
Diornat and the entire La Fortaleza 2 group have greatly appreciated the opportunities that their microloans have given them and they 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 La Fortaleza Group 2
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Loan has been disbursed
Location: Hato Mayor, Dominican Republic
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Posted by
from Hato Mayor, Dominican Republic
Jun 30, 2009 |
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Comment on this entry
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Repayment Schedule for La Fortaleza Group 2
Repayment Schedule for La Fortaleza Group 2
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2009 | $253.20 | $253.20 |  Repayment Received
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| October 2009 | $253.58 | $253.58 | Repayment Received
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| November 2009 | $253.97 | $253.97 | Repayment Received
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| December 2009 | $381.69 | $381.69 | Repayment Received
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| January 2010 | $254.94 | Available Jan 1 | |||
| February 2010 | $127.62 | Available Feb 1 | |||
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