Ilusion Group

Status: Paid Back

$575.00		Loan Request
$575.00		Paid Back

About the Group

Group Name:	Ilusion Group
Group Members:	Nicolas Calcano Maria De Los Santos Regina Entregado Garcia Candido Mota De Losanto Ana Maldonado
Location:	Samana, Dominican Republic
Activity:	Clothing Sales

About the Loan

Loan Amount:	$575.00
Loan Use:	To buy new clothes to add to her current merchandise.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Apr 5, 2008
Date Disbursed:	Apr 19, 2008
Date Funded:	Apr 5, 2008
Loan Ended:	Oct 21, 2008

About the Field Partner

Field Partner:

Esperanza International Dominican Republic, a partner of HOPE International

Field Partner Risk Rating:

(Learn more)

Active

33 months

7025

$1,615,200

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Dominican Republic
Avg Annual Income:	$7,611.00
Currency:	Dominican Republic Pesos (DOP)
Exchange Rate:	33.8625 DOP = 1 USD

Ana lives with her husband on the Eastern peninsula of Samana, DR. She has raised three children (ages: 24, 25, 26) and now focuses on her small business. She sells new clothing from a small store, and with the money from this loan she wants to buy a fresh supply of clothes to add to her store. In her free time she enjoys reading, and her favorite food is fish. She hopes that in the future she will see the Dominican economy get stronger and stronger.

This will be the 4th loan that “Ilusion” has applied for with Esperanza, and they all appreciate the support of Kiva lenders that has made this possible. On behalf of Esperanza, thank you for investing in the lives of these borrowers. The impact will be sustained far into the future!

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

Lenders to this group

Roy
Lincoln, NE
United States

Gahr High School MUN
Cerritos, CA
United States

Huron
Milwaukee, WI
United States

Aswin
Glen Ridge, NJ
United States

Mike & Peggy
Maple Valley, WA
United States

Journal entries for Ilusion Group

Loan has been disbursed Entrepreneur: Ilusion Group Location: Samana, Dominican Republic Thank you for your loan. It has been disbursed to the Ilusion group, consisting of Ana Maldonado, Candido Mota De Losanto, Regina Entregado Garcia, Maria De Los Santos, Nicolas Calcano 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 Samana, Dominican Republic Apr 20, 2008
Comment on this entry

An update about Ana Maldonado Entrepreneur: Ilusion Group Location: Samana, Dominican Republic Hello! My name is Nate Sooter, and I am writing to you on behalf of Ana Maldonado, who was the coordinator of the group Ilusion 5 here in Samaná, Dominican Republic. I apologize for the delay in getting you information! I recently had a chance to learn some information about Ana and about the results of her loan through Kiva and Esperanza International, and wanted to pass this information on to you. Ana used the loan you gave her to buy extra clothing, and she augmented her sales to include selling what are called habichuelas dulces, which are a type of beans mixed in with sugar, cinnamon and other ingredients. She is very thankful for the loan, and it allowed her to help support her family – she currently has a son studying in a university in Santo Domingo, and both her daughters are married. She currently supports two nieces and a granddaughter in her house. Ana used the extra income to find a new job – she is now a teacher at a local elementary school. She found business selling clothing to be slow, but is thankful for your loan to help her grow from selling clothing to finding a job teaching. The extra money from her business also allowed her to support two of her children’s aspirations to get a college education. This alone made the loan you gave very valuable to Ana and her family! Ana is no longer with Esperanza, as she is now with an organization which works specifically to give loans to teachers here in the Dominican. Again, thank you very much for your support of Ana – your loan truly made a difference for her and the others in her group.
Posted by Nate Sooter from Samana, Dominican Republic Jul 6, 2009
Comment on this entry

Repayment Schedule for Ilusion Group

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	Expected Repayments	Actual Repayments	Comments
July 2008	$95.83	$96.00	Repayment Received
August 2008	$95.83	$96.00	Repayment Received
September 2008	$95.83	$96.00	Repayment Received
October 2008	$95.83	$96.00	Repayment Received
November 2008	$95.83	$96.00	Repayment Received
December 2008	$95.85	$95.00	Repayment Received