Mujeres Solidarias Group 4
Status: Paying Back
| $1,250.00 | Loan Amount |
|---|
About the Group
| Group Name: | Mujeres Solidarias Group 4 |
|---|---|
| Group Members: |
Rina Padilla Felix Francisca Carmona Jimenez Leonora Brito Leonor Carrasco Johanny Vilorio Lopez |
| Location: | Hato Mayor, Dominican Republic |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $1,250.00 |
|---|---|
| Loan Use: | To buy blouses and pants to sell |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Aug 21, 2009 |
| Date Disbursed: | Aug 21, 2009 |
| Date Funded: | Aug 23, 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: | 35.8000 DOP = 1 USD |
Rina started selling clothing three years ago. She sells both from her house and by walking around in the street with a few pieces of her inventory to show her friends. She has slowly grown her business through microloans by expanding her inventory to provide more variety for her clients. She is now seeking another loan to buy more blouses and pants to grow her business even more.
Her goal is to grow her business enough to be able to provide all of her children (ages 15 years, 13 years, 8 years, and 10 months) with a college education. She said it is her dream to someday see her children become professionals and not have to work in back-breaking labor like many other people in her town.
You can help Rina and all the members of Mujeres Solidarias achieve their dreams by funding this loan!
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 Mujeres Solidarias Group 4
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Loan has been disbursed
Location: Hato Mayor, Dominican Republic
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Posted by
from Hato Mayor, Dominican Republic
Aug 24, 2009 |
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Comment on this entry
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Repayment Schedule for Mujeres Solidarias Group 4
Repayment Schedule for Mujeres Solidarias Group 4
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $311.42 | $311.42 |  Repayment Received
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| December 2009 | $208.02 | $208.02 | Repayment Received
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| January 2010 | $208.33 | Available Jan 1 | |||
| February 2010 | $208.65 | Available Feb 1 | |||
| March 2010 | $208.97 | Available Mar 1 | |||
| April 2010 | $104.61 | Available Apr 1 | |||
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