Miguelina Heredia Santos's Group

Status: Ended with Loss - Defaulted

$1,300.00		Loan Request
$885.42		Paid Back

About the Group

Group Name:	Miguelina Heredia Santos's Group
Group Members:	Cruz Maria Santiago Maria Yolanda Mateo Tejeda Elisea Garcia Dorotea Antonia Rosario Marte Miguelina Heredia Santos
Location:	San Cristobal, Dominican Republic
Activity:	Butcher Shop

About the Loan

Loan Amount:	$1,300.00
Loan Use:	Purchase of pork and chicken meat to resell in her neighborhood.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 8, 2008
Date Disbursed:	Jul 28, 2008
Date Funded:	Jul 14, 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:	34.2055 DOP = 1 USD

Miguelina Heredia Santos is a young entrepreneur who is working hard to make a living and take care of her one-year-old daughter. Miguelina’s business consists of selling pork and chicken’s meat to people in the Coquera community of San Cristobal. She started this activity just some months after she gave birth to her daughter. Miguelina believes that the baby deserves the best in this life, and she swears that she’ll do her best to provide well-being and good education for her child. She’ll use her loan to buy more meat for her business. Miguelina plans to keep saving money so that she can buy a freezer to keep her meat fresh.

Miguelina will share her loan with these women: Dorotea Antonia Rosario Marte, who produces fried chicken; Elisea Garcia, who sells fried meat and natural juices; Maria Yolanda Mateo Tejeda, who sells fruits and vegetables; and Cruz Maria Santiago, who operates a small grocery store in the community.

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

Nick B
Chicago, Illinois
United States

Anonymous
Trondheim,
Norway

Daniel
Brooklyn, NY
United States

John
Wayne, PA
United States

susan
gnangara, Western Australia
Australia

Jeremy
Astoria, NY
United States

Scott & Maureen
Longmeadow, MA
United States

Good Dogg
Front Porch, www.kivafriends.org
United States

EditMe, LLC
Maynard, MA
United States

George
Bourbonnais, IL
United States

Danali- a kivafriend
berkeley, CA
United States

Bobby
Ashland, KY
United States

Sandra
teaneck, NJ
United States

Anonymous
Huntsville, Ontario
Canada

Anonymous
Portage, WI
United States

Rebekah
Phoenix, AZ
United States

Alan Morillo
Cedar Park, TX
United States

Holli
bellevue, WA
United States

Anonymous
Littleton, CO
United States

Terri & Bear
Ripon, CA
United States

Rob
Thunder Bay, ON
Canada

John & Kathleen
Damariscotta, ME
United States

Ben
Washington, DC
United States

John
Edelstein, IL
United States

Hugh
Brentwood, TN
United States

Wright Family
Peralta, NM
United States

Anonymous
Highland Park, IL
United States

Anonymous
West Des Moines, IA
United States

Wes and Maggie
Menomonie, WI
United States

Derek
Hickory, NC
United States

Journal entries for Miguelina Heredia Santos's Group

Loan has been disbursed Entrepreneur: Miguelina Heredia Santos's Group Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to the group, consisting of Miguelina Heredia Santos, Dorotea Antonia Rosario Marte, Elisea Garcia, Maria Yolanda Mateo Tejeda, Cruz Maria Santiago by Fundación San Miguel Arcángel, Inc. (FSMA) in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Fundación San Miguel Arcángel, Inc. (FSMA) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from San Cristobal, Dominican Republic Jul 29, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Miguelina Heredia Santos's Group Location: San Cristobal, 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 Miguelina Heredia Santos's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
October 2008	$216.67	$217.00	Repayment Received
November 2008	$216.67	$217.00	Repayment Received
December 2008	$216.67	$216.00	Repayment Received
January 2009	$216.67	$216.67	Repayment Received
February 2009	$216.67	$0.00	Delinquent
March 2009	$216.65	$0.00	Delinquent
December 2009	$0.00	$18.75