Elena Bautista De La Cruz's Group
Status: Paid Back
| $1,250.00 | Loan Request | |
|---|---|---|
| $1,250.00 | Paid Back |
About the Group
| Group Name: | Elena Bautista De La Cruz's Group |
|---|---|
| Group Members: |
Enmanuela Perez Romelia Schal Vidal Altagracia Abraham Hernandez Yohana Fello Charles Elena Bautista De La Cruz |
| Location: | La Gallera, Community Of Santo Domingo, Dominican Republic |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $1,250.00 |
|---|---|
| Loan Use: | Funds will be invested to buy clothing in bulk for a small business. |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Apr 28, 2008 |
| Date Disbursed: | May 22, 2008 |
| Date Funded: | May 8, 2008 |
| Loan Ended: | Dec 15, 2008 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Fundación San Miguel Arcángel, Inc. (FSMA) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Closed |
| Time On Kiva: | 29 months |
| Kiva Entrepreneurs: | 2017 |
| Total Loans: | $593,750 |
| Delinquency Rate: | N/A - No Paying Back Loans |
| Default Rate: | 27.80% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Dominican Republic |
|---|---|
| Avg Annual Income: | $7,611.00 |
| Currency: | Dominican Republic Pesos (DOP) |
| Exchange Rate: | 33.9460 DOP = 1 USD |
Elena is asking for a loan to get clothing in bulk to add to her stock in order to augment her sales volume and, consequently, her revenue. That way, the entrepreneur will be able to ensure a better future for her family.
The other four member of Elena's group are:
Yohana Fello Charles, to buy clothing in bulk for a small business;
Altagracia Abraham Hernandez, a tennis and shoes retailer;
Romelia Schal Vidal, to buy clothing in bulk;
Enmanuela Perez, for a small cafeteria.
Photo: from left to right: Enmanuela, Romelia, Altagracia, Elena, Yohana
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 Elena Bautista De La Cruz's Group
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Loan has been disbursed
Location: La Gallera, Community Of Santo Domingo, Dominican Republic
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Posted by
from La Gallera, Community Of Santo Domingo, Dominican Republic
May 22, 2008 |
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Comment on this entry
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Repayment Schedule for Elena Bautista De La Cruz's Group
Repayment Schedule for Elena Bautista De La Cruz's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2008 | $208.33 | $209.00 |  Repayment Received
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| September 2008 | $208.33 | $209.00 | Repayment Received
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| October 2008 | $208.33 | $209.00 | Repayment Received
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| November 2008 | $208.33 | $209.00 | Repayment Received
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| December 2008 | $208.33 | $206.00 | Repayment Received
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| January 2009 | $208.35 | $208.00 | Repayment Received
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