Dios Todo Lo Puede 2 Group


Status: Paying Back

$975.00   Loan Amount
66% repaid

About the Group

Group Name: Dios Todo Lo Puede 2 Group
Group Members: Nicolasa Mejia
Rafael Puello
Maria Otano
Maria De la Rosa
Sonia Valenzuela Guerr
Location: San Pedro De Macorís, Dominican Republic
Activity: Home Products Sales

About the Loan

Loan Amount: $975.00
Loan Use: to purchase Amway health products, cosmetics, and hygiene products to grow her home business
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 20, 2009
Date Disbursed: Jul 10, 2009
Date Funded:Jul 22, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.9200 DOP = 1 USD



Nicolasa Mejia (pictured above in red) used to be a housewife, until she got a divorce. Now she has her own business. Her kids are still her priority and she insists on calling them her babies, even though they are now 13 and 14. She received a loan with Esperanza two years ago and with that began her business. Nicolasa sells health, beauty, and basic hygiene products from her home; in that way she can still be close to her kids. She lives in Barrio Lindo in San Pedro de Macoris. Even though translated it means Beautiful neighborhood. Barrio Lindo can have its troubles. To name the most prominent ones, there is no constant running water - sometimes the town is left three to four days without water. Electricity goes out unpredictably every day, sometimes for a few hours but sometimes for half a day, and crime has risen so much that you cannot walk by yourself after it gets dark. Yet with all those circumstances Nicolasa’s business has proven to be successful. She is now on her third loan with Esperanza and is quite satisfied with her steady income. She laughs and smiles at me, confessing that she wishes her business can keep on gaining momentum because one day she hopes to own her own car.

Please strongly consider loaning to Nicolasa. She is diligent and deserves an opportunity to grow her business and eventually own her own car. Esperanza thanks you for your time and consideration.

Maira Flores
Summer Intern ‘09





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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Lenders to this group

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Elina
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Bosi
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Jessica
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Terry T
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Terry
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Wim
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Steven
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Nancy
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Ramona
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Ralph
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GeorgeS
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Nancy
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Bert-Ake
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Magnus
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Stephen
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James Yeang
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howard and maureen
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Sara
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Nadia
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Michele
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Patricia
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Adeep
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Mathieu
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Journal entries for Dios Todo Lo Puede 2 Group


Loan has been disbursed
 
Entrepreneur: Dios Todo Lo Puede 2 Group
Location: San Pedro De Macorís, Dominican Republic

Thank you for your loan. It has been disbursed to Dios Todo Lo Puede 2 Group, consisting of Nicolasa Mejia, Rafael Puello, Maria Otano, Maria De la Rosa, Sonia Valenzuela Guerr 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 San Pedro De Macorís, Dominican Republic
Jul 23, 2009
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Kiva Help Repayment Schedule for Dios Todo Lo Puede 2 Group

  Expected Repayments Actual Repayments Comments
September 2009 $80.91 $80.91 Repayment Received
October 2009 $162.00 $162.00 Repayment Received
November 2009 $162.25 $162.25 Repayment Received
December 2009 $243.84 $243.84 Repayment Received
January 2010 $162.88 Available Jan 1  
February 2010 $163.12 Available Feb 1