Elisa Gissette Nivar Rosario's Group

Status: Ended with Loss - Defaulted

$950.00		Loan Request
$495.55		Paid Back

About the Group

Group Name:	Elisa Gissette Nivar Rosario's Group
Group Members:	Marisela Castillo Margarita Mateo Alejandrina De La Cruz Mateo Nurys Elizabeth Polanco Elisa Gissette Nivar Rosario
Location:	San Cristobal, Dominican Republic
Activity:	Cosmetics Sales

About the Loan

Loan Amount:	$950.00
Loan Use:	To invest in a great variety of beauty products to replenish a small business.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 8, 2008
Date Disbursed:	Aug 16, 2008
Date Funded:	Aug 2, 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

Elisa Gissette Nivar Rosario lives in the Coquera community of San Cristobal where she’s been selling beauty products for more than a year. Elisa sadly explains that she has no child, but she plans on starting a family in a few years when she gets a more stable economic situation. With her loan, Elisa will buy more products to add to her stock so she can satisfy her customers’ needs. She hopes that her business will allow her to enjoy her golden years.

Elisa will share the loan with four other women of modest means but who work hard to change their living conditions. They are: Nurys Elizabeth Polanco, a beauty products retailer; Alejandrina De La Cruz Mateo, who sells women’s clothing; Margarita Mateo, who owns and operates a mini-market; and Marisela Castillo, who will invest in raw materials to produce cakes and sweeties.

The photo shows from left to right: Elisa, Nurys, Alejandrina, Margarita and Marisela.

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

F Morton
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Raymond
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Arundhati Roy Supporters
Geneva, NY
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Sherri
Hendersonville, TN
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Pitopia
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Tom
Seattle, WA
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Anonymous
Plano, Texas
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Anonymous
Cowichan Bay, British Columbia
Canada

Bruce Chou
Oakdale & Los Angeles & San Jose, CA
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Richard
Pocatello, Idaho
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Jarrett
Monroe, NC
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Arlene
Medford, OR
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Genevieve and Matt
Davis, CA
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Gaila
Aransas Pass, TX
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Dan & Janice
Athens, GA
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Peter
Cumberland, RI
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Miri,Israel,Alex,&Ivan
Lakewood, California
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Dianne
Leesburg, VA
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George
Sacramento, CA
United States

Jen
Alamogordo, NM
United States

GGGGive
denver, CO
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Steve Silver
Nishinomiya, Hyogo-ken
Japan

Anonymous
Alexandria, VA
United States

J.R.
Studio City, CA
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Anonymous
Snowflake, AZ
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Luba
Toronto, Ontario
Canada

Conie
raleigh, NC
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Anonymous
Ottawa, Ontario
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Shayn
La Salle, Manitoba
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Journal entries for Elisa Gissette Nivar Rosario's Group

Loan has been disbursed Entrepreneur: Elisa Gissette Nivar Rosario's Group Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to the group, consisting of Elisa Gissette Nivar Rosario, Nurys Elizabeth Polanco, Alejandrina De La Cruz Mateo, Margarita Mateo, Marisela Castillo 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 Aug 17, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Elisa Gissette Nivar Rosario'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 Elisa Gissette Nivar Rosario's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
November 2008	$158.33	$159.00	Repayment Received
December 2008	$158.33	$159.00	Repayment Received
January 2009	$158.33	$157.00	Repayment Received
February 2009	$158.33	$0.00	Delinquent
March 2009	$158.33	$0.00	Delinquent
April 2009	$158.35	$0.00	Delinquent
December 2009	$0.00	$20.55