Yolanda Reynoso Lora's Group


Status: Ended with Loss - Defaulted

$1,350.00   Loan Request
$704.21   Paid Back

About the Group

Group Name: Yolanda Reynoso Lora's Group
Group Members: Alfa Kenia Romero Martinez
Yoselin Carrera Tabarez
Maricela Altagracia Cabrera
Martina Cedano Mejia
Yolanda Reynoso Lora
Location: Monte Plata, Dominican Republic
Activity: Jewelry

About the Loan

Loan Amount: $1,350.00
Loan Use: To smart a small business of selling costume jewelry in the community
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 15, 2008
Date Disbursed: Aug 6, 2008
Date Funded:Jul 23, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.2260 DOP = 1 USD



Yolanda is a hard-working woman who is struggling to make a change in her family’s living conditions. Yolanda is an optimistic woman, and she never lets herself get discouraged in spite of the bad economic situation she’s facing. On the contrary she believes that failures can be a good teacher from which we can learn to be successful in the future.



Yolanda has three children ranging in age from five to ten, all of whom go to school. To keep supporting her family and the children’s education, Yolanda wants to start a small business of selling jewelry. With her loan, she’ll purchase the goods outside her community at very low prices, and she’ll resell the jewelry at very competitive prices so that she can capture a part of the competitors’ clients. Yolanda has an unshakable faith in God, and she believes that with a lot of sacrifices and God’s help, she’ll be able to reach her multiple goals in life.


Yolanda will receive her loan together with these women:


Martina Cedano Mejia, who sells fruits and vegetables in her community,


Maricela Altagracia Cabrera, who will start a beauty salon,


Yoselin Carrera Tabarez, who will invest in the purchase of shoes for a small business, and


Alfa Kenia Romero Martinez, who will sell shoes and tennis.





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

Jessica
Sydney, NSW
Australia

Holli
bellevue, WA
United States

Diane
Bernardsville, NJ
United States

Kiva B4B
Spring House, PA
United States

Loretta
Arlington, TN
United States

Jenny
Toronto, Ontario
Canada

Allyson
Santa Monica, CA
United States

Steve
Huntsville, AL
United States

Esther
Berlin,
Germany

Bob
Charleston, IL
United States

Katrin
Reykjavik, Iceland
Iceland

Ralph
Livingston, TX
United States

Anonymous

Paul & Andrea
Bear, DE
United States

Sam
brookside, NJ
United States

Aaron
Mercer Island, Washington
United States

Patricia
Milwaukee, WI
United States

Jonathan
Chicago, IL
United States

Stuart
Cupertino, CA
United States

Russ
Rome, GA
United States

Talkathon
Saint Louis Park, MN
United States

Nikolaj
Frederksberg C, Europe
Denmark

jay
white plains, MD
United States

Ernst
Drammen,
Norway

Sujei
west Sacramento, CA
United States

David
Praha,
Czech Republic

James
Washington, DC
United States

Amy

JohnnyU
Rio Nido, CA
United States

Karen
Norman, OK
United States

Bowen Family
Cordova, Tennessee
United States

Tia

Scott
Moraga, CA
United States



Journal entries for Yolanda Reynoso Lora's Group


Loan has been disbursed
 
Entrepreneur: Yolanda Reynoso Lora's Group
Location: Monte Plata, Dominican Republic

Thank you for your loan. It has been disbursed to the group, consisting of Yolanda Reynoso Lora, Martina Cedano Mejia, Maricela Altagracia Cabrera, Yoselin Carrera Tabarez, Alfa Kenia Romero Martinez 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 Monte Plata, Dominican Republic
Aug 7, 2008
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: Yolanda Reynoso Lora's Group
Location: Monte Plata, 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)

Kiva Help Repayment Schedule for Yolanda Reynoso Lora's Group

  Expected Repayments Actual Repayments Comments
November 2008 $225.00 $225.00 Repayment Received
December 2008 $225.00 $225.00 Repayment Received
January 2009 $225.00 $225.00 Repayment Received
February 2009 $225.00 $0.00 Delinquent
March 2009 $225.00 $0.00 Delinquent
April 2009 $225.00 $0.00 Delinquent
December 2009 $0.00 $29.21