Argentina Hernandez's Group


Status: Ended with Loss - Defaulted

$1,275.00   Loan Request
$1,071.69   Paid Back

About the Group

Group Name: Argentina Hernandez's Group
Group Members: Lidia Beriguete Florian
Ana Peralta
Mariana Diaz Contreras
Reyna Maria Zapata De Los Santos
Argentina Hernandez
Location: San Luis, Community Of Santo Domingo, Dominican Republic
Activity: Cafe

About the Loan

Loan Amount: $1,275.00
Loan Use: Purchase of materials for a small cafeteria.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 7, 2008
Date Disbursed: Jun 24, 2008
Date Funded:Jun 10, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.0290 DOP = 1 USD



Argentina is a forty-five-year-old woman who’s been trying hard to bring up four children on her own and succeed in life. She explains that she’s been separated from her husband about ten years ago, and since then has been working hard to look after her children and support their education.


Currently, Argentina runs a cafeteria, and she serves breakfast and lunch during the weekdays. The entrepreneur is very confident, and she says that people love to visit her café because she cooks like nobody’s business. Argentina adds that she’d like to have someday a big restaurant with a lot of waiters and millions of rich people visiting it every day.


With her loan, the chef will buy raw materials and other goods for her cafeteria.


Argentina will receive the funds together with these women:


Reyna Maria Zapata De Los Santos, who sells women’s clothing.


Mariana Diaz Contreras, who’ll invest her loan in pants and shirts to sell.


Ana Peralta, who runs a small cafeteria.


Lidia Beriguete Florian, who sells pants and shoes in her community.


Photo: left to right: Lidia, Ana, Mariana, Reyna and Argentina.



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

Anonymous
Zagreb,
Croatia

Staci
Phoenix, AZ
United States

Ruy
London, London
United Kingdom

Abbey
Coffs Harbour, New South Wales
Australia

Bert-Ake
Hasselby, Sweden
Sweden

steven
Ft. Lauderdale, FL
United States

Robert
Monroe, LA
United States

Noemi
Dorado, PR
United States

Greg and Clare
Bradford, PA
United States

Andy
San Rafael, CA
United States

Anonymous

Paula
Philadelphia, PA
United States

David
Deerfield, NH
United States

David
Winnellie, Northern Territory
Australia

Women On A Mission
Mesquite, TX
United States

Dirk L.

Germany

Ali
FRISCO, TX
United States

Regina
Arlington, VA
United States

Tom of Carlsbad
Carlsbad, CA
United States

ALEX
San Francisco, CA
United States

jamie
Long Beach, CA
United States

Turn Energy Into Income
Guilderland, NY
United States

John
Edelstein, IL
United States

lesley
Thirroul, New South Wales
Australia

Paul

United States

Emily's Family
Santa Barbara, CA
United States

eMicrofinance Club
Brussels,
Belgium

The Farrells
Henderson, NV
United States

Reyna
Lancaster, CA
United States

Estrella
Berlin,
Germany

Seth
kailua, HI
United States

Tigger
Adelaide, South Australia
Australia

Retinus - Iceland
Reykjavik, Reykjavik
Iceland

Carole
Hobart, Tasmania
Australia

Bill
Louisville, KY
United States

Margo
Sarasota, FL
United States

Ganapathy Family
Marietta, GA
United States

Andreas Myrin
Lerum,
Sweden

Calico
New York, NY
United States

Efthymis
Katerini, Pieria
Greece



Journal entries for Argentina Hernandez's Group


Loan has been disbursed
 
Entrepreneur: Argentina Hernandez'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 Argentina Hernandez, Reyna Maria Zapata De Los Santos, Mariana Diaz Contreras, Ana Peralta, Lidia Beriguete Florian 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 24, 2008
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: Argentina Hernandez'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)

Kiva Help Repayment Schedule for Argentina Hernandez's Group

  Expected Repayments Actual Repayments Comments
September 2008 $212.50 $213.00 Repayment Received
October 2008 $212.50 $213.00 Repayment Received
November 2008 $212.50 $213.00 Repayment Received
December 2008 $212.50 $211.00 Repayment Received
January 2009 $212.50 $212.50 Repayment Received
February 2009 $212.50 $0.00 Delinquent
December 2009 $0.00 $9.19