Mujeres Y Hombres 7 Group


Status: Paying Back

$850.00   Loan Amount
30% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: Mujeres Y Hombres 7 Group
Group Members: Juana
Arelis
Tomasina
Cleni
Marie
Location: Hato Mayor, Dominican Republic
Activity: Clothing

About the Loan

Loan Amount: $850.00
Loan Use: Clothes and shoes
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 1, 2009
Date Disbursed: Sep 3, 2009
Date Funded:Oct 1, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.9353 DOP = 1 USD



Juana is the group coordinator of the group Mujeres y Hombres 7 (Men and Women). Her story is representative of both the members of her group and Esperanza's Haitian (many of whom recently emigrated to the DR from Haiti) and Dominican clients. Her group is based in the area around Hato Mayor, an agricultural town in the center of the DR based around the sugarcane harvest where running water (none of which is potable) and electricity are unreliable at best. Here she makes her home with her child as a single mother.

Juana originally came to Esperanza because she wanted the opportunity to be a businesswoman and after having successfully repaid her first loan she is ready for her second. She plans to use this loan to invest in more colthing and shoes which she plans to buy in bulk at a better price. She plans to use the additional profits from her improve her life by purchasing a house, clothing and shoes for her child, books for school and school supplies for her child. Her long term dream is to own her own home. 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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Joanne
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Tom
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Stuart
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Justin
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Emilia
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Tim Schroeder
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Mayumi
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Amy
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Jennifer
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Colin
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Marci and Leslie
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Laura Schaap
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Yi Zhang
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Morrigan
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jordan
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Anonymous
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Sikai
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Helen
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Journal entries for Mujeres Y Hombres 7 Group


Loan has been disbursed
 
Entrepreneur: Mujeres Y Hombres 7 Group
Location: Hato Mayor, Dominican Republic

Thank you for your loan. It has been disbursed to Mujeres Y Hombres 7 Group, consisting of Juana, Arelis, Tomasina, Cleni , Marie 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
Oct 2, 2009
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Kiva Help Repayment Schedule for Mujeres Y Hombres 7 Group

  Expected Repayments Actual Repayments Comments
December 2009 $262.74 $262.74 Repayment Received
January 2010 $138.81 Available Jan 1  
February 2010 $144.01 Available Feb 1  
March 2010 $149.42 Available Mar 1  
April 2010 $155.02 Available Apr 1