Dios Es Amor 4 Group


Status: Paying Back

$1,450.00   Loan Amount
6% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: Dios Es Amor 4 Group
Group Members: Juana
Dielourdes
Ana
Aviolle
Filomena
Location: Los Alcarrizos, Dominican Republic
Activity: General Store

About the Loan

Loan Amount: $1,450.00
Loan Use: To buy more products for resale.
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 19, 2009
Date Disbursed: Sep 15, 2009
Date Funded:Sep 23, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.9000 DOP = 1 USD



Juana is the group coordinator of the group Dios es Amor (God is Love). Her story is representative of the living conditions and businesses of her colleagues. The group is based in Los Alcarrizos, an industrial town north of Santo Domingo where running water (none of which is potable) and electricity are unreliable at best. Juana makes her home here in a simple structure made of concrete blocks with a tin roof with her husband and child.

"Would you like to purchase some clothing? While you look, why not have some ice cream to cool you down?" To paraphrase a bit, this would be the sales pitch that one might expect to hear from Juana. She recognized demand for these items in her local community and successfully established her business. After having successfully repaid her first loan, Juana is taking another loan to purchase more clothing, hair accessories, and ice cream to sell to her clients. She plans to use the additional profits to finish her home and also to purchase school supplies for her children. In the long term she dreams of sending her child to the university. She thanks you all 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 Dios Es Amor 4 Group


Loan has been disbursed
 
Entrepreneur: Dios Es Amor 4 Group
Location: Los Alcarrizos, Dominican Republic

Thank you for your loan. It has been disbursed to Dios Es Amor 4 Group, consisting of Juana, Dielourdes, Ana, Aviolle, Filomena by Esperanza International Dominican Republic, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the 13 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 Los Alcarrizos, Dominican Republic
Sep 24, 2009
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Kiva Help Repayment Schedule for Dios Es Amor 4 Group

  Expected Repayments Actual Repayments Comments
December 2009 $87.00 $87.00 Repayment Received
January 2010 $90.52 Available Jan 1  
February 2010 $94.17 Available Feb 1  
March 2010 $97.97 Available Mar 1  
April 2010 $101.93 Available Apr 1  
May 2010 $106.04 Available May 1  
June 2010 $110.33 Available Jun 1  
July 2010 $114.78 Available Jul 1  
August 2010 $119.41 Available Aug 1  
September 2010 $124.23 Available Sep 1  
October 2010 $129.25 Available Oct 1  
November 2010 $134.47 Available Nov 1  
December 2010 $139.90 Available Dec 1