La Union Hace La Fuerza Group


Status: Paid Back

$2,225.00   Loan Request
$2,225.00   Paid Back

About the Group

Group Name: La Union Hace La Fuerza Group
Group Members: Alina Jean
Mimose Basil
Kelly Yn
Gladis Gelate
Monique Motiver
Jacsinette Gdarber
Daphne Dorcin
Venicia Verne
Anne Rose
Marie Neltha Pierre
Eliasienne Blanc
Elicia Polinice
Janithe Joachin
Estelina Aurelus
Denise Philippe
Location: Puerto Plata, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $2,225.00
Loan Use: To invest in new clothing.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 31, 2008
Date Disbursed: Apr 18, 2008
Date Funded:Apr 4, 2008
Loan Ended:Oct 19, 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



Denise Philippe is the president of her Bank of Hope in the small community of Imbert, on the north coast of Puerto Plata. 28 years old, she is married with one child. Denise sells new clothing out of a small store, and takes pride in the fact that she sells good quality clothing. She attends a Baptist church in the area, and enjoys reading her Bible in her spare time. Her favorite foods are rice and chicken, but she also likes the “ducles” that people are famous for in the Dominican Republic. She hopes that one day she can buy a house and a car because it would make her life much easier.


This is the first loan that this community has applied for, and they are all very excited to improve and start their businesses. Many of the women in this bank are Haitian, and have come to the Dominican Republic in hopes of a better life and future. Esperanza hopes that every single one of these women will experience success and begin the process of lifting themselves out of poverty.


Oh behalf of this entire group, and Esperanza – thank you for your continued support and generosity!



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

Angela
Charlotte, NC
United States

Diane
Abbotsford, British Columbia
Canada

Jillian
Vence,
France

Catherine
Silver Spring, MD
United States

Good Dogg
Front Porch, www.kivafriends.org
United States

Andrzej
Lublin, Poland
Poland

Sue
London, London
United Kingdom

josh
Mifflinburg, PA
United States

Jane
Winchester, Hampshire
United Kingdom

Camilla
Copenhagen S,

Roelof
Hoofddorp,
Netherlands

John
Hillsboro, OR
United States

Robert
Norwalk, OH
United States

louie
San Francisco, CA
United States

George
Sacramento, CA
United States

Walid
Anaheim, CA
United States

Sabrina
Toulouse,
France

marie
Arlington, MA
United States

Michael
Vanloese,
Denmark

Benjamin
Toulouse,
France

Anonymous
West Orange, NJ
United States

Carol
Gibsons, BC
Canada

Cthulu
Los Angeles, CA
United States

Louise
Eugene, OR
United States

Edgar the Cat
Los Angeles, California
United States

Anonymous
Bothell, WA
United States

Ann
Raleigh, NC
United States

Marathon
Mosinee, WI
United States

eLiz
Guelph, Ontario
Canada

Carol
Germantown, MD
United States

Miri & Tim
Austin, TX
United States

Dinarda
jersey city, NJ
United States

Paul
Sth Queensferry,
United Kingdom

Lorna & Critters
Kanata, Ontario
Canada

Jeffrey & Natalie
arcadia, CA
United States

Rachele
San Francisco, CA
United States

Leo
Fountain Inn, SC
United States

Matthew
Portland, OR
United States

Devon
San Luis Obispo, CA
United States

Ryan
Seattle, WA
United States

Sarah
Oakland, CA
United States

Stephanie
Burke, VA
United States

Cindy
Charlie Lake, B.C.
Canada

Rob
Whitby, Ontario
Canada

FASHION PIG
New York, NY
United States

Sally
Richardson, TX
United States

Anonymous

Anonymous
WInchester, MA
United States

Roger
Abbotsford, British Columbia
Canada



Journal entries for La Union Hace La Fuerza Group


Loan has been disbursed
 
Entrepreneur: La Union Hace La Fuerza Group
Location: Puerto Plata, Dominican Republic

Thank you for your loan. It has been disbursed to the La Union Hace La Fuerza group, consisting of Denise Philippe, Estelina Aurelus, Janithe Joachin, Elicia Polinice, Eliasienne Blanc, Marie Neltha Pierre, Anne Rose, Venicia Verne, Daphne Dorcin, Jacsinette Gdarber, Monique Motiver, Gladis Gelate, Kelly Yn, Mimose Basil, Alina Jean 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 Puerto Plata, Dominican Republic
Apr 18, 2008
Comments (3)

Loan Progress Update
 
Entrepreneur: La Union Hace La Fuerza Group
Location: Puerto Plata, Dominican Republic

Daphne Dorcin and her 14 proud friends from the bank of “La Union Hace la Fuerza” visited the Esperanza-office in Puerto Plata. They had just paid back their second small loan from Esperanza and were excited about what they had achieved with the loan.

Daphne is still the active and engaged woman we remember from last time we met her. She has experienced success with her business selling clothes, which she mainly buys in Santiago, the second largest city in the country. In about 6 months her sales have doubled. She has also started to buy chickens, she prepares them in her house and then sells them in her neighborhood.

In her spare time Daphne likes to walk, listen to music and watch television. However, as a single mother with five children she has to take care of, she hardly has any spare time. For Daphne the most important of all is that she is able to help her children, but she also has a secret dream: That she one day will be able to visit Miami.


Posted by Kevin Halloran from Puerto Plata, Dominican Republic
Feb 20, 2009
Comment on this entry

Loan Progress Update
 
Entrepreneur: La Union Hace La Fuerza Group
Location: Puerto Plata, Dominican Republic

Daphne Dorcin and her 14 proud friends from the bank of “La Union Hace la Fuerza” visited the Esperanza-office in Puerto Plata. They had just paid back their second small loan from Esperanza and were excited about what they had achieved with the loan.

Daphne is still the active and engaged woman we remember from last time we met her. She has experienced success with her business selling clothes, which she mainly buys in Santiago, the second largest city in the country. In about 6 months her sales have doubled. She has also started to buy chickens, she prepares them in her house and then sells them in her neighborhood.

In her spare time Daphne likes to walk, listen to music and watch television. However, as a single mother with five children she has to take care of, she hardly has any spare time. For Daphne the most important of all is that she is able to help her children, but she also has a secret dream: That she one day will be able to visit Miami.


Posted by Kevin Halloran from Puerto Plata, Dominican Republic
Feb 20, 2009
Comments (1)

Kiva Help Repayment Schedule for La Union Hace La Fuerza Group

  Expected Repayments Actual Repayments Comments
July 2008 $370.83 $371.00 Repayment Received
August 2008 $370.83 $371.00 Repayment Received
September 2008 $370.83 $371.00 Repayment Received
October 2008 $370.83 $371.00 Repayment Received
November 2008 $370.83 $371.00 Repayment Received
December 2008 $370.85 $370.00 Repayment Received