Alegria De Villa Flores Group


Status: Paid Back

$1,425.00   Loan Request
$1,425.00   Paid Back

About the Group

Group Name: Alegria De Villa Flores Group
Group Members: Maria Mocena
Malena Jeans
Celea Jenas
Cardina Batista
Melida Wilson Luis
Yeta Blanco
Karina Hofe
Luisa David
Tenecia De La Rosa
Maria Florian Yan
Location: Santo Domingo, Dominican Republic
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $1,425.00
Loan Use: To purchase a wider variety of fresh fruits & vegetables
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 31, 2008
Date Disbursed: Apr 15, 2008
Date Funded:Apr 1, 2008
Loan Ended:Oct 16, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:33.8080 DOP = 1 USD



Maria is a 22 year-old lady working hard to improve the lives of her two young children. She and her husband have had a hard time making ends meet in their community of Pantoja, an impoverished area on the outskirts of the capital of Santo Domingo. She is excited about taking out this loan because she believes it could be the extra bit of help she needs to begin to really change things.


Maria runs a small business selling a variety of vegetables and fruits to her community members; she is taking this loan out because she wants to begin providing a better variety and higher quality of produce. Through the business-training classes she was required to take before requesting her loan, she learned about how to market products effectively, and how quality really does make a big difference in overall sales—she is very anxious to apply these new skills to her business.


She dreams of being able to grow her business in steps, first renting her own small store, and eventually having enough money to buy her own store. By taking these measure, she hopes to provide the means to send her two children to college so they can become educated and professional members of society. For herself, she dreams of growing intellectually, and to be not just a good business woman, but a great one.


If she has a few moments of free time, Maria loves to read, keep her house clean, and participate in a women’s club in her community that works together to keep their children and youth educated about HIV/AIDS and other issues that pose health issues to them.


On behalf of everyone here at Esperanza International, and from Maria herself, we thank you for your support with this micro 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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Lenders to this group

Daniel
Cupertino, CA
United States

Troy
Brooklyn, NY
United States

John
Falls Church, VA
United States

Wey Ling
WanChai, Hong Kong
Hong Kong

One Earth One Justice
La Jolla, CA
United States

Jillian
Vence,
France

Anonymous
North York, Ontario
Canada

Michael & Debbie
Carbondale, CO
United States

Alan
Dubuque,, IA
United States

Issac
Stanford, CA
United States

HERBERT
NEW YORK, NY
United States

Wayne and Josie
Georgetown, TX
United States

Mendi
Reno, NV
United States

Richard
Dublin, OH
United States

JohnRigdon
North Augusta, SC
United States

Benno
Kehl, BW
Germany

Abigail
Madison, WI
United States

Kimberly
Phoenix, AZ
United States

Nancy
Milton Keynes, Milton Keynes
United Kingdom

Toni
Carmel, NY
United States

Steve
ottawa, Ontario
Canada

Stanislas
Philadelphia, PA
United States

Sarah and Mark
Williamsburg, MA
United States

Marissa
Gainesville, FL
United States

Laura
Houston, TX
United States

Laura
Plano, TX
United States

Anonymous
Gladstone, MI
United States

mike
SANTA FE SPRINGS, CA
United States

Lin
Brooklyn, NY
United States

Anonymous
Watertown, NY
United States

Claire
St. Louis, MO
United States

Cindy
Ithaca, NY
United States



Journal entries for Alegria De Villa Flores Group


Loan has been disbursed
 
Entrepreneur: Alegria De Villa Flores Group
Location: Santo Domingo, Dominican Republic

Thank you for your loan. It has been disbursed to the Alegria de Villa Flores group, consisting of Maria Florian Yan, Tenecia De La Rosa, Luisa David, Karina Hofe, Yeta Blanco, Melida Wilson Luis, Cardina Batista, Celea Jenas, Malena Jeans, Maria Mocena by Esperanza International in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Esperanza International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Santo Domingo, Dominican Republic
Apr 15, 2008
Comment on this entry

Hello from the Dominican Republic!
 
Entrepreneur: Alegria De Villa Flores Group
Location: Santo Domingo, Dominican Republic

I would like to give you an update about the group microloan you helped to fund last year through the Kiva-Esperanza International partnership. The profile that was originally posted for this loan described Maria Florian Yan, her family, and her fruit and vegetable business. It also discussed how she and her husband were struggling to make ends meet. While the majority of Esperanza’s associates take out at least a second loan, Maria did not because she and her family moved to another city where her husband had found a better job.

If you would like to keep supporting entrepreneurial Dominicans through Esperanza International, follow this link to see loans that are currently fund raising:

http://www.kiva.org/app.php?page=businesses&partner_id=44&status=fundRaising&sortBy=New+to+Old

On behalf of Maria, the Bank of Hope “Alegria de Villa Flores” and the microfinance institute Esperanza International, thank you for providing opportunities to those who need it most.

Anne Cherniss

Esperanza International Summer Fellow ´09


Posted by Anne Cherniss from Santo Domingo, Dominican Republic
Jul 3, 2009
Comment on this entry

Kiva Help Repayment Schedule for Alegria De Villa Flores Group

  Expected Repayments Actual Repayments Comments
July 2008 $237.50 $238.00 Repayment Received
August 2008 $237.50 $238.00 Repayment Received
September 2008 $237.50 $238.00 Repayment Received
October 2008 $237.50 $238.00 Repayment Received
November 2008 $237.50 $238.00 Repayment Received
December 2008 $237.50 $235.00 Repayment Received