Yessica Ridelina Vilorio's Group

Status: Ended with Loss - Defaulted

$1,400.00		Loan Request
$1,176.77		Paid Back

About the Group

Group Name:	Yessica Ridelina Vilorio's Group
Group Members:	Ana Lucía Fernandez Mendez Luz María Familia Pimentel Rosanna Prucencia Fernandez Madeline Geanne Reynoso Yessica Ridelina Vilorio
Location:	San Luis, Community Of Santo Domingo, Dominican Republic
Activity:	Retail

About the Loan

Loan Amount:	$1,400.00
Loan Use:	To replenish a small women's clothing store and increase her income.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 20, 2008
Date Disbursed:	Jun 5, 2008
Date Funded:	May 22, 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

Yessica Ridelina is a twenty-four year old university student and the mother of two school-going children. Yessica is in charge of her group of five women, all of whom are entrepreneurs living in the same town. To increase her family’s income, and to help her husband take care of the children, Yessica has started a small business selling pants, shoes and handbags to women in her community. She explains that, when she began her business, she was just selling shoes. After a couple of months, she added new items to her stock because she realized that these goods were a great source of income. Now, her business is successful and she has a lot of loyal customers.

Yessica is requesting a loan to buy more goods in order to increase her inventory and meet her customers’ needs. She would like to own a big boutique that could generate enough money to provide a comfortable lifestyle for her family.

The members of Yessica’s group are:

Madeline Geanne Reynoso, a costume jewelry retailer;

Rosanna Prucencia Fernandez, who’ll invest her loan to buy clothing for her store;

Luz María Familia Pimentel, to buy pants and shoes for her business;

Ana Lucía Fernandez Mendez, to buy clothing in bulk to augment her inventory.

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

Jeanne
Covina (Los Angeles area), California
United States

Morgan Stanley PIF

chris
huntingdon, PA
United States

dale& emily
Camrose, Alberta
Canada

Scott
Louisville, KY
United States

Ralph
Fort Wayne, IN
United States

David
Lindon, UT
United States

Pedja
Lopare, Republika Srpska
Bosnia and Herzegovina

Mike
Winchester, VA
United States

Anonymous

Mark
Manchester, CT
United States

Marie & Thierry
Neuilly-sur-Seine,
France

Carol
Gibsons, BC
Canada

Susan
Phoenix, AZ
United States

Tim
Washington, DC
United States

Chris
Nieuwegein,
Netherlands

Tamme
Milwaukie, OR
United States

Paul
DEER ISLAND, OR
United States

Kirk
Tyler, TX
United States

Michael
Västra Frölunda,
Sweden

Mariesa, Baxter & Bre
Lincoln, MI
United States

Marjorie and Brian
Auchenblae, Scotland
United Kingdom

David
Cary, NC
United States

Nels
nampa, ID
United States

Elizabeth
Seattle, WA
United States

Alif
New York, NY
United States

Melanie, Justin and Sam
Providence, RI
United States

Shina
New York, NY
United States

Elizabeth
Somerville, MA
United States

Steve
Tacoma, WA
United States

Jillian
Vence,
France

Patrick
Columbus, OH
United States

Anglophile Books
Lancaster, CA
United States

Marion
Nashua, NH
United States

Rick
Calgary, Alberta
Canada

Kate
Calgary, AB
Canada

Diedra
Sisters, OR
United States

Brian
Cincinnati, OH
United States

Teekam

United States

TheBikeLife
Rochester, MN
United States

Stone Road
Toronto, Ontario
Canada

Sharyn
Circle Pines, MN
United States

Haden Smith
Valrico, FL
United States

Amnesty14
Montreal, Quebec
Canada

Anonymous
DUMFRIES, VA
United States

Haiden

Journal entries for Yessica Ridelina Vilorio's Group

Loan has been disbursed Entrepreneur: Yessica Ridelina Vilorio'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 Yessica Ridelina Vilorio, Madeline Geanne Reynoso, Rosanna Prucencia Fernandez, Luz María Familia Pimentel, Ana Lucía Fernandez Mendez 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 6, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Yessica Ridelina Vilorio'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 (57)

Repayment Schedule for Yessica Ridelina Vilorio's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$233.33	$234.00	Repayment Received
October 2008	$233.33	$234.00	Repayment Received
November 2008	$233.33	$234.00	Repayment Received
December 2008	$233.33	$234.00	Repayment Received
January 2009	$233.33	$230.67	Repayment Received
February 2009	$233.35	$0.00	Delinquent
December 2009	$0.00	$10.10