Plan De Lucha Group


Status: Paying Back

$1,575.00   Loan Amount
39% repaid

About the Group

Group Name: Plan De Lucha Group
Group Members: Hilaria Mercedes
Flordaliza del Rosario
Juana Vasquez
Lucy Cede
Moreno Carela
Location: Hato Mayor, Dominican Republic
Activity: Grocery Store

About the Loan

Loan Amount: $1,575.00
Loan Use: To buy rice, sugar and cooking oil to sell
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 25, 2009
Date Disbursed: Aug 21, 2009
Date Funded:Aug 25, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.9500 DOP = 1 USD



Hilaria is the leader of the group Plan de Lucha (or Plan of Attack). This group has taken out loans together for three years and is looking to take out their sixth loan. They have all proven themselves to be successful entrepreneurs and look forward to growing their businesses even more.

Hilaria runs a small corner grocery store called a colmado where she sells basic cooking supplies. With this loan she will buy rice, sugar and cooking oil. Her store started out as a little hut outside her house, and with her past loans she has been able to build a more permanent structure made from cement blocks. Right now Hilaria´s house is made of wood and sheets of metal and her goal is to make enough money to build her house from cement blocks as well.

You can help Hilaria and the rest of the members in Plan de Lucha 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 Plan De Lucha Group


Loan has been disbursed
 
Entrepreneur: Plan De Lucha Group
Location: Hato Mayor, Dominican Republic

Thank you for your loan. It has been disbursed to Plan De Lucha Group, consisting of Hilaria Mercedes, Flordaliza del Rosario, Juana Vasquez, Lucy Cede, Moreno Carela by Esperanza International Dominican Republic, 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 Dominican Republic, 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
Aug 26, 2009
Comments (1)

Kiva Help Repayment Schedule for Plan De Lucha Group

  Expected Repayments Actual Repayments Comments
November 2009 $361.75 $361.75 Repayment Received
December 2009 $252.51 $252.51 Repayment Received
January 2010 $261.98 Available Jan 1  
February 2010 $271.81 Available Feb 1  
March 2010 $282.00 Available Mar 1  
April 2010 $144.95 Available Apr 1