Dulce Bellanira Arias's Group

Status: Ended with Loss - Defaulted

$1,225.00		Loan Request
$1,029.66		Paid Back

About the Group

Group Name:	Dulce Bellanira Arias's Group
Group Members:	Justa Silverio Vasquez Marisol Virgen Juliana Cuevas Morillo Johanna Andrea Santana Guillard Dulce Bellanira Arias
Location:	San Luis, Community Of Santo Domingo, Dominican Republic
Activity:	Home Products Sales

About the Loan

Loan Amount:	$1,225.00
Loan Use:	To buy cloth in bulk for tablecloths, bedspreads and other goods
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 20, 2008
Date Disbursed:	Jun 12, 2008
Date Funded:	May 29, 2008

About the Field Partner

Field Partner:

Fundación San Miguel Arcángel, Inc. (FSMA)

Field Partner Risk Rating:

(Learn more)

Closed

29 months

2017

$593,750

N/A - No Paying Back Loans

Default Rate:

27.80%

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:	34.0283 DOP = 1 USD

Dulce Bellanira, a thirty-one year old woman and mother of three sons, is striving to achieve success in her business and to improve her family’s living conditions. Dulce sells tablecloths, window curtains, and bedspreads. She buys special cloth in bulk in different places in the country and, at home, she prepares the goods to order. She explains that her products are sold quickly, and her customers are very satisfied with the quality of the goods.

Bellanira’s dream is to have a big store with a lot of employees attending to millions of people in the area. With her loan, she will buy a large quantity of cloth to keep producing these goods to meet the needs of her customers and increase her revenue.

Dulce Bellanira will share the fundswith these women:

Johanna Andrea Santana Guillard, who will use her loan to buy cosmetics for her store

Juliana Cuevas Morillo, who will use her loan to buy clothing to sell in her community

Marisol Virgen, who will use her loan to buy costume jewelry for a small shop

Justa Silverio Vasquez, who will use her loan to supply a small grocery store

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

Sam Snyder
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Good Dogg
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Sophia
Brewster, MA
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YikLong

Laurent D
Brussels,
Belgium

Danielle
Huy,
Belgium

jacob
milton, MA
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FIU Micro Lenders Corp
Miami, FL
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Amnesty14
Montreal, Quebec
Canada

suzanne
glenwood, MD
United States

Kim
Woodbine, MD
United States

Tina
Ware, MA
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Peter
Lake Oswego, OR
United States

Carla S.
Cheshire, CT
United States

Kate, Jim, & Emma
Wayne, PA
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Michael
Escondido, CA
United States

Donna
Newberg, OR
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Cameron
Vancouver, British Columbia
Canada

Rachael
Wellesley, MA
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Anonymous
San Francisco, CA
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Anonymous
Brooklyn, NY
United States

Journal entries for Dulce Bellanira Arias's Group

Loan has been disbursed Entrepreneur: Dulce Bellanira Arias's Group Location: San Luis, Community Of Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to the group, consisting of Dulce Bellanira Arias, Johanna Andrea Santana Guillard, Juliana Cuevas Morillo, Marisol Virgen, Justa Silverio Vasquez by Fundación San Miguel Arcángel, Inc. in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Fundación San Miguel Arcángel, Inc. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from San Luis, Community Of Santo Domingo, Dominican Republic Jun 13, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Dulce Bellanira Arias's Group Location: San Luis, Community Of Santo Domingo, Dominican Republic Your loan to the business or businesses above will not be repaid in full and is now considered defaulted. To learn about the reasons for this default, please visit FSMA’s Field Partner page. We have done our best to provide comprehensive details about why your loan defaulted and what Kiva is doing to help prevent situations like this from happening in the future. A vast majority of our Field Partners are healthy organizations that are very capable of administering your loans with the highest integrity. If you have any questions, after visiting FSMA’s Field Partner page and reviewing the information there, please let us know.
Posted by Michelle May Kreger, Kiva Staff, from San Francisco, United States Aug 21, 2009
Comments (58)

Repayment Schedule for Dulce Bellanira Arias's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$204.17	$205.00	Repayment Received
October 2008	$204.17	$205.00	Repayment Received
November 2008	$204.17	$205.00	Repayment Received
December 2008	$204.17	$205.00	Repayment Received
January 2009	$204.17	$200.83	Repayment Received
February 2009	$204.15	$0.00	Delinquent
December 2009	$0.00	$8.83