Esperanza Y Progreso 3 Group


Status: Paying Back

$950.00   Loan Amount
66% repaid

About the Group

Group Name: Esperanza Y Progreso 3 Group
Group Members: Juana Collins
Theodore Aritina
Elsa Encarnac
Betanie Charles
Margarita Jean
Location: Hato Mayor, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $950.00
Loan Use: Purchase of jeans, underwear, and ingredients to make bread
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 21, 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:36.0000 DOP = 1 USD



Juana Collins (in the middle wearing a white shirt) is a Haitian immigrant living in Monte Coca, a batey in Hato Mayor, Dominican Republic. A batey is a village of sugar cane cutters and their families. Many of them don’t leave the bateys. Instead, they buy everything locally to avoid transportation costs.

In the morning, Juana makes and sells bread to her local community; in the afternoon, she sells clothes. With this loan, she will purchase both men and women jeans, underwear, firewood and ingredients for making bread. She has been in the business for as long as she can remember, always working as the hours in the day permit. Juana’s situation has pressured her to become the hard worker that she is. She is living as an immigrant, learning a foreign tongue, and is single mother raising four children. She hopes that with her profits she can one day buy a horse and a cow.



Please strongly consider lending to Juana and her group. Esperanza thanks you for your support.







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 Esperanza Y Progreso 3 Group


Loan has been disbursed
 
Entrepreneur: Esperanza Y Progreso 3 Group
Location: Hato Mayor, Dominican Republic

Thank you for your loan. It has been disbursed to Esperanza Y Progreso 3 Group, consisting of Juana Collins, Theodore Aritina, Elsa Encarnac, Betanie Charles, Margarita Jean 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
Jul 23, 2009
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Kiva Help Repayment Schedule for Esperanza Y Progreso 3 Group

  Expected Repayments Actual Repayments Comments
September 2009 $78.83 $78.83 Repayment Received
October 2009 $157.84 $157.84 Repayment Received
November 2009 $237.23 $237.23 Repayment Received
December 2009 $158.46 $158.46 Repayment Received
January 2010 $158.70 Available Jan 1  
February 2010 $158.94 Available Feb 1