Bienestar En Dios (well-being In God) Groups Ii-3, I-4&5


Status: Paid Back

$4,550.00   Loan Request
$4,550.00   Paid Back

About the Group

Group Name: Bienestar En Dios (well-being In God) Groups Ii-3, I-4&5
Group Members: Martha Medina Del Rosar
Miguelina Laguer
Yuderqui Sarmiento Montil
Alinda Luis Pierre
Miguelina Arredondo
Leonelia De La Rosa
Rene Rosena (not pictured)
Damaso Sarmiento Montil
Marie Andrenie (not pictured)
Guarionex Medina Ruiz
Elizabeth Ramirez Guerrero
Petronila Perarta
Yuly Remy Rosa
Location: El Seybo, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $4,550.00
Loan Use: To be able to sell more clothing and care for her two kids.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 1, 2008
Date Disbursed: Sep 15, 2008
Date Funded:Sep 1, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.5280 DOP = 1 USD



Yuly Remy Rosa lives in a Haitian batey, a housing community provided by the sugarcane companies for their poor field workers. In her little wooden house with a tin roof and cement floor, Yuly lives with her husband and two children, ages 4 and 6.


In order to contribute to the family income, especially in the sugarcane off season, Yuly has a small business selling clothing. She buys the clothing in the capital of Santo Domingo, about 2 hours away from where she lives, and sells the clothing in the touristy beach city of Bavaro, another two hours of travel in the opposite direction. When she travels for work, her mother cares for her two children.


Yuly has successfully repaid 3 loans to Esperanza International and is now requesting her fourth. With the money she hopes to continue growing her business so that she can one day afford her own house and send her children to college so that they can have professional careers.


Note: This is a group loan for 13 people.



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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Journal entries for Bienestar En Dios (well-being In God) Groups Ii-3, I-4&5


Loan has been disbursed
 
Entrepreneur: Bienestar En Dios (well-being In God) Groups Ii-3, I-4&5
Location: El Seybo, Dominican Republic

Thank you for your loan. It has been disbursed to the Bienestar en Dios (Well-being in God) Groups II-3, I-4&5 group, consisting of Yuly Remy Rosa, Petronila Perarta, Elizabeth Ramirez Guerrero, Guarionex Medina Ruiz, Marie Andrenie, Damaso Sarmiento Montil, Rene Rosena, Leonelia De La Rosa, Miguelina Arredondo, Alinda Luis Pierre, Yuderqui Sarmiento Montil, Miguelina Laguer, Martha Medina Del Rosar by Esperanza International, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Esperanza International, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from El Seybo, Dominican Republic
Sep 15, 2008
Comment on this entry

New information on your Kiva loan!
 
Entrepreneur: Bienestar En Dios (well-being In God) Groups Ii-3, I-4&5
Location: El Seybo, Dominican Republic

Yuly still travels by bus weekly where she buys clothing in the large, open-air market in Santo Domingo. There she purchases clothing such as shirts, pants, and undergarments in bulk. Depending on the item, Yuly can resell it for a profit of 10-50 pesos profit. She still travels to Bavaro, but prefers to sell from her house where she can look after her children. Yuly recently expanded her business to include the purchase of used clothing from members of her community. She currently has the market advantage of being the only person who sells these items in her town. With her profits she has been saving little by little, but her main priority is making sure that her children continue their education.


Posted by Ashley Nelsen from El Seybo, Dominican Republic
Feb 12, 2009
Comment on this entry

Kiva Help Repayment Schedule for Bienestar En Dios (well-being In God) Groups Ii-3, I-4&5

  Expected Repayments Actual Repayments Comments
December 2008 $758.33 $759.00 Repayment Received
January 2009 $758.33 $757.67 Repayment Received
February 2009 $758.33 $758.33 Repayment Received
March 2009 $758.33 $758.33 Repayment Received
April 2009 $758.33 $758.33 Repayment Received
May 2009 $758.35 $758.34 Repayment Received