Dios Todo Lo Puede #4 Group


Status: Paying Back

$800.00   Loan Amount
58% repaid

About the Group

Group Name: Dios Todo Lo Puede #4 Group
Group Members: Martirez Cedeno
Ernesto Guillen
Santana Casasnueva
Milagros Pio Rejes
Maria Pio Alfonseca
Location: San Pedro De Macorís, Dominican Republic
Activity: Food Market

About the Loan

Loan Amount: $800.00
Loan Use: To purchase vegetable oil, flour (20lb bag), fruit, vegetables, meat, spaghetti, and salami to make lunches for local workers
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 22, 2009
Date Disbursed: Jul 23, 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



Martiréz Cedeno (on the far right in the photograph) is requesting her first loan from Esperanza. She sells lunch at the local market to the workers in her town.

Martiréz lives in Barrio Lindo outside San Pedro de Macoris. Even though the name means "beautiful neighborhood," Barrio Lindo can have its troubles. It is a town under development with constant construction, with a shortage of water and electricity, and an increase in crime -- you cannot walk by yourself after dark. Yet Martiréz and her group don’t seem to be bothered. They are happy and determined to manage their successful businesses.



Martiréz has been in business for over two years, but hopes to expand her small stand to include a little more variety to keep her clientele interested.



Please consider lending to Martiréz and her group. Thank you for preserving the dignity of our clients by giving a hand up instead of a hand out.






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 Dios Todo Lo Puede #4 Group


Loan has been disbursed
 
Entrepreneur: Dios Todo Lo Puede #4 Group
Location: San Pedro De Macorís, Dominican Republic

Thank you for your loan. It has been disbursed to Dios Todo Lo Puede #4 Group, consisting of Martirez Cedeno, Ernesto Guillen, Santana Casasnueva, Milagros Pio Rejes, Maria Pio Alfonseca 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 #4 Group

  Expected Repayments Actual Repayments Comments
October 2009 $132.83 $132.83 Repayment Received
November 2009 $133.03 $133.03 Repayment Received
December 2009 $199.92 $199.92 Repayment Received
January 2010 $133.53 Available Jan 1  
February 2010 $133.75 Available Feb 1  
March 2010 $66.94 Available Mar 1