Scarlatas 1 & 2 Group


Status: Paying Back

$1,400.00   Loan Amount
0% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: Scarlatas 1 & 2 Group
Group Members: Sonia
Francisca
Celeste
Carlita
Askena
Lina Pimentel
Cesarina
Vanessa
Eliano
Inocencia
Location: Los Alcarrizos, Dominican Republic
Activity: Natural Medicines

About the Loan

Loan Amount: $1,400.00
Loan Use: Natural medicines to sell
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 1, 2009
Date Disbursed: Oct 23, 2009
Date Funded:Nov 2, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:36.0500 DOP = 1 USD



Sonia is the coordinator of her group which is called Scarlatas. Her story is representative of both her group members and Esperanza's Haitian and Dominican clients in general. Her group is based in Los Alcarrizos, a dusty industrial town located north of Santo Domingo, where running water (none of which is potable) and electricity are unreliable at best. Here she makes her home in a simple structure of concrete and tin as a single mother of three grown children who are dependent on her income.

Sonia is excited to take this first loan with Esperanza with the goal of improving her herbal medicine business. She runs her business from her house and with this loan she will purchase more ingredients for her herbal remedies. She is hoping to use the profits from this business to help her children to find a better future and to continue growing her business. 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 Scarlatas 1 & 2 Group


Loan has been disbursed
 
Entrepreneur: Scarlatas 1 & 2 Group
Location: Los Alcarrizos, Dominican Republic

Thank you for your loan. It has been disbursed to Scarlatas 1 & 2 Group, consisting of Sonia , Francisca, Celeste, Carlita, Askena , Lina Pimentel, Cesarina, Vanessa, Eliano, Inocencia 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 Los Alcarrizos, Dominican Republic
Nov 3, 2009
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Kiva Help Repayment Schedule for Scarlatas 1 & 2 Group

  Expected Repayments Actual Repayments Comments
January 2010 $212.39 Available Jan 1  
February 2010 $220.36 Available Feb 1  
March 2010 $346.13 Available Mar 1  
April 2010 $241.61 Available Apr 1  
May 2010 $250.67 Available May 1  
June 2010 $128.84 Available Jun 1