Union Y Desarollo Group


Status: Paid Back

$1,175.00   Loan Request
$1,175.00   Paid Back

About the Group

Group Name: Union Y Desarollo Group
Group Members: Inmaculada Javier Arias
Yomaico Garcia Berroa
Narda Rodríguez Rodrig
Ruquel Salto Almeida
Yosayra Arias Jhonson
Location: Consuelo, Dominican Republic
Activity: Cloth & Dressmaking Supplies

About the Loan

Loan Amount: $1,175.00
Loan Use: To purchase clothes at bulk prices.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 23, 2008
Date Disbursed: May 9, 2008
Date Funded:Apr 25, 2008
Loan Ended:Dec 15, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.1501 DOP = 1 USD



Yosayra lives in the small rural community of Consuelo, in the eastern interior of the Dominican Republic. She is asking for this loan so that she can buy used and new clothing to sell in her community. She hopes that one day she will be able to buy or rent a fixed space from which to sell her clothing. She will use the this loan to buy more clothes at a bulk price, and in this way increase her profit margin.

Although she has no children right now, she says she that she looks forward to having her own family one day. Her dream is to own her own house in which to raise her future family.

On behalf of everyone here at Esperanza International, and of Yosayra 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

Steve
SAN DIEGO, CA
United States

Emily
London,
United Kingdom

Crossroads
Ackworth, IA
United States

Sam Snyder
Lawrence, KS
United States

Margaret
Chapel Hill, NC
United States

Alex Curavo
Northwood, OH
United States

Herbert
New York, NY
United States

anahid
longmont, CO
United States

Sean
Bryn Mawr, PA
United States



Journal entries for Union Y Desarollo Group


Loan has been disbursed
 
Entrepreneur: Union Y Desarollo Group
Location: Consuelo, Dominican Republic

Thank you for your loan. It has been disbursed to the Union y Desarollo group, consisting of Yosayra Arias Jhonson, Ruquel Salto Almeida, Narda Rodríguez Rodrig, Yomaico Garcia Berroa, Inmaculada Javier Arias 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 Consuelo, Dominican Republic
May 9, 2008
Comment on this entry

Update on Yosayra
 
Entrepreneur: Union Y Desarollo Group
Location: Consuelo, Dominican Republic

Hello from Hato Mayor, Dominican Republic! I would like to give you an update on the group Union y Desarrollo and specifically Yosayra.

Although only 21 years old, Yosayra is proving to be a very good business woman. She has been selling clothes from her house and with her last loan, she was able to travel to the capital and buy a bigger and more varied inventory and sell much more. She is very pleased that she now has more clientele but she is still dreaming big. Her goal is to grow enough to be able to move her business out of her house and into a permanent location.

She continues to take out loans from Esperanza International and is continuing to grow her business. Her dream is to make enough money to have her own house and raise a happy, health family.

On behalf of Yosayra and her friends in the Union y Desarrollo group, thank you for the opportunity you have provided to the people who need it most.

If you would like to continue supporting people in the Dominican Republic through Esperanza International, follow this link to see other loans that are currently fund raising:

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


Posted by Tess Gellerman from Consuelo, Dominican Republic
Jun 30, 2009
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Kiva Help Repayment Schedule for Union Y Desarollo Group

  Expected Repayments Actual Repayments Comments
August 2008 $195.83 $196.00 Repayment Received
September 2008 $195.83 $196.00 Repayment Received
October 2008 $195.83 $196.00 Repayment Received
November 2008 $195.83 $196.00 Repayment Received
December 2008 $195.83 $196.00 Repayment Received
January 2009 $195.85 $195.00 Repayment Received