Luz Y Esperanza- Group 1
Status: Paid Back
| $1,150.00 | Loan Request | |
|---|---|---|
| $1,150.00 | Paid Back |
About the Group
| Group Name: | Luz Y Esperanza- Group 1 |
|---|---|
| Group Members: |
Juana Sanchez Maria Cespedes Olibia Laureanos Salustiano Mirabal Faustina Francisco |
| Location: | Samana, Dominican Republic |
| Activity: | Used Clothing |
About the Loan
| Loan Amount: | $1,150.00 |
|---|---|
| Loan Use: | This group would like to improve their various businesses like Faustina who would like to improve her clothing business. |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Aug 3, 2008 |
| Date Disbursed: | Sep 12, 2008 |
| Date Funded: | Aug 29, 2008 |
| Loan Ended: | Apr 15, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Esperanza International Dominican Republic, a partner of HOPE International |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 33 months |
| Kiva Entrepreneurs: | 7009 |
| Total Loans: | $1,612,225 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Dominican Republic |
|---|---|
| Avg Annual Income: | $7,611.00 |
| Currency: | Dominican Republic Pesos (DOP) |
| Exchange Rate: | 34.5280 DOP = 1 USD |
Mrs. Faustina Francisco is a member of a 5 person group, Group 1, which is part of a larger micro-bank called Luz y Esperanza, "Light and Hope" in English. In the picture, Mrs. Francisco is second from the left. Her story is just one of a list of men and women who are improving their quality of life through the help of micro-credit loans of Esperanza. Together, this group has united with a common vision of a better life with faith and hope in their hearts and an unbreakable spirit. The concept of group lending is to have loans paid in a group to reduce the risk of a person defaulting, as others pick up where a person may lag to receive the next loan. Each of the associates in this bank has a similar business whether it is a gas station or the sale of clothing. Thank you for your support and awareness of this issue, and it is your concern and efforts that is able to bring a difference to the lives of people such as Mrs. Francisco.
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
Subscribe
Bruce Chou
Oakdale & Los Angeles & San Jose, CA
United States
Vic
Chico, CA
United States
Elizabeth
West Haven, CT
United States
Pablo
Weston, FL
United States
He Just Laughs
Jersey City, NJ
United States
Ann
Belcamp, MD
United States
Anonymous
Spain
Anonymous
Gastonia, NC
United States
Kellaux
Arvada, CO
United States
Anonymous
New York, NY
United States
Lisa
Euless, TX
United States
Matthew
Potomac, MD
United States
Donna
Camas, WA
United States
Claire
New York, NY
United States
iole
Roma
Italy
Russell
Kansas City, MO
United States
Allen
Friendswood, TX
United States
Anonymous
Good Dogg
Front Porch, www.kivafriends.org
United States
Matt J.
Palo Alto, CA
United States
Jillian
Vence,
France
Jessica
Helsinki,
Finland
Jill
Lambertville, NJ
United States
Rose
Schaumburg, IL
United States
Judith
St. Peter, MN
United States
ONE WORLD
Lyrestad,
Sweden
Sam Snyder
Lawrence, KS
United States
A&U
Houston, TX
United States
Michelle
Adelaide, South Australia
Australia
in memory of Kirby
East Brunswick, NJ
United States
Jillian
Santa Monica, CA
United States
Michael
Brentwood, TN
United States
Dario
Vancouver, British Columbia
Canada
Top Lending Teams for this group
Journal entries for Luz Y Esperanza- Group 1
|
Loan has been disbursed
Location: Samana, Dominican Republic
|
|
|
Posted by
from Samana, Dominican Republic
Sep 12, 2008 |
|
|
Comment on this entry
|
|
|
Group Progress Update
Location: Samana, Dominican Republic
|
|
|
Posted by
Analin Saturria from Samana, Dominican Republic
May 12, 2009 |
|
|
Comment on this entry
|
|
Repayment Schedule for Luz Y Esperanza- Group 1
Repayment Schedule for Luz Y Esperanza- Group 1
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2008 | $191.67 | $192.00 |  Repayment Received
|
||
| January 2009 | $191.67 | $191.33 | Repayment Received
|
||
| February 2009 | $191.67 | $191.67 | Repayment Received
|
||
| March 2009 | $191.67 | $191.67 | Repayment Received
|
||
| April 2009 | $191.67 | $191.67 | Repayment Received
|
||
| May 2009 | $191.65 | $191.66 | Repayment Received
|
||
| 
