Yolainy Santos Adon's Group


Status: Ended with Loss - Defaulted

$1,125.00   Loan Request
$586.84   Paid Back

About the Group

Group Name: Yolainy Santos Adon's Group
Group Members: Yesenia Mota Hilario
Marleni Severino Tolentino
Luz Cristina Rosario
Hilaria Geruacio Pereyra
Yolainy Santos Adon
Location: Monte Plata, Dominican Republic
Activity: Food

About the Loan

Loan Amount: $1,125.00
Loan Use: Purchase of a large variety of cakes, sweets, and other goods to sell to small groceries stores and cafeterias.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 15, 2008
Date Disbursed: Aug 10, 2008
Date Funded:Jul 27, 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



Yolainy is an excellent entrepreneur and a proud mother of a one-year-old unique daughter. Yolainy started her business five years ago in her community. She recalls that on the beginning, she was selling basic foodstuff, and she didn't have many clients. As she was a newcomer to the business world, without experience, it was very hard to face the competition.


Nonetheless, two years later she expanded her business, and with her husband’s help she bought an old car, which she uses to deliver products to her customers. Currently, she’s one of the most well-established suppliers of bread, cakes and bottled water, and she also sells her goods to small groceries stores and cafeteria in the community.


Now that she’s finished paying for the car, Yolanda is requesting a loan in order to further expand her business and add new products to her inventory. Yolainy hopes that her business will generate greater income so that she can better support her family.


The entrepreneur will receive the funds together with the following businesswomen:


Hilaria Geruacio Pereyra, who runs a small hair salon,


Luz Cristina Rosario, who retails pants and shoes,


Marleni Severino Tolentino, a small vendor of rice, and


Yesenia Mota Hilario, who owns and operates a mini-market.



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

Jorge
Ispra (VA), Varese
Italy

Holli
bellevue, WA
United States

Kiva B4B
Spring House, PA
United States

ALAN
WEST DES MOINES, IA
United States

Matthew
sisters, OR
United States

Jon
Otis Orchards, WA
United States

melinda
culver city, CA
United States

Karen and Gery
KivaFriends.org, Monarch Beach, CA USA
United States

Anonymous
San Francisco, CA
United States

Jerry
Western Washington State,
United States

Vito
Lyndhurst, NJ
United States

woof
san marcos, TX
United States

Phil & Ann Marie
Lakewood, WA
United States

Ted
Monrovia, CA
United States

Jordan
Edmonton, Alberta
Canada

bijan
san mateo, CA
United States

steven
proctorsville, VT
United States

rothkids
Westfield, NJ
United States

Mark & Silvia
chicago, IL
United States

Karen
Wayne, NJ
United States

Liz
Winchester, MA, USA

Simon
Edmonton, Alberta
Canada

Peter
denver, CO
United States

Alan, Paula and Lloyd
Westfield, MA
United States

Brad
Washington, DC
United States

Moritz
Ravensburg,
Germany

ZephyrWoods
Black Earth, WI
United States

Glenn
London,
United Kingdom

Matt
Austin, TX
United States

Mark
Burlington, ON
Canada

The Schumachers
St. Paul, MN
United States

Joel
Oldsmar, FL
United States

Graham
Providence, RI
United States

Ralph
Pennington, NJ
United States

Andrew
Sioux Falls, SD
United States

Robert
Toronto, Ontario
Canada



Journal entries for Yolainy Santos Adon's Group


Loan has been disbursed
 
Entrepreneur: Yolainy Santos Adon's Group
Location: Monte Plata, Dominican Republic

Thank you for your loan. It has been disbursed to the group, consisting of Yolainy Santos Adon, Hilaria Geruacio Pereyra, Luz Cristina Rosario, Marleni Severino Tolentino, Yesenia Mota Hilario 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 10, 2008
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: Yolainy Santos Adon'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 (57)

Kiva Help Repayment Schedule for Yolainy Santos Adon's Group

  Expected Repayments Actual Repayments Comments
November 2008 $187.50 $188.00 Repayment Received
December 2008 $187.50 $188.00 Repayment Received
January 2009 $187.50 $186.50 Repayment Received
February 2009 $187.50 $0.00 Delinquent
March 2009 $187.50 $0.00 Delinquent
April 2009 $187.50 $0.00 Delinquent
December 2009 $0.00 $24.34