Benita Almonte Guzman's Group

Status: Ended with Loss - Defaulted

$1,450.00		Loan Request
$525.16		Paid Back

About the Group

Group Name:	Benita Almonte Guzman's Group
Group Members:	Santa Nieves De La Rosa Aybar Venancia Martinez Contreras Marilenni Mendez Pura Maria Columna Milano Benita Almonte Guzman
Location:	San Luis, Community Of Santo Domingo, Dominican Republic
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$1,450.00
Loan Use:	To start a small business of selling fried dishes.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Aug 8, 2008
Date Disbursed:	Sep 3, 2008
Date Funded:	Aug 20, 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:	34.4945 DOP = 1 USD

Benita, or Romanita as her friends and family affectionately call her, is in her late thirties. She’s the proud mother of two boys aged eleven and fourteen, both of whom go to school. Her husband works as a driller. Benita explains that her husband’s wages can no longer support the family’s needs. She sadly says that her financial situation forced her to withdraw her children from the private school of the community. Now they’re going to the public school, where the education is not the best.
Benita wants to contribute to the family’s budget and help her husband in supporting the family. She’s requesting a loan to start a small business of selling fried dishes. Benita says she’s a good cook and that people will be attracted at once by her high quality and tasty dishes. The entrepreneur hopes she’ll succeed in her endeavor.
Benita will receive the funds together with the following women:

Pura Maria Columna Milano, a beauty products retailer;

Marilenni Mendez, who operates a small fruits and vegetables store;

Venancia Martinez Contreras, to invest in women’s clothing; and

Santa Nieves De La Rosa Aybar, who sells beauty products in the community.

The photo shows from left to right: Santa Nieves, Venancia, Marilenni, Pura Maria and Benita.

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

He Just Laughs
Jersey City, NJ
United States

Anonymous
Irvington, NY
United States

Dave & Sandy
Gaithersburg, MD
United States

Anonymous
Stutensee,
Germany

Fuel4Entreprenuers
Keller, Texas
United States

Karin
Sacramento, CA
United States

Craig
Chicago, IL
United States

Vermonter
So. Burlington, VT
United States

Joseph & Melissa
Huntingdon Valley, PA
United States

Emily's Family
Santa Barbara, CA
United States

Paul
Almere,
Netherlands

AndyG
Sindelfingen,
Germany

René & Mieke
Baak,
Netherlands

Marco
Antibes,
France

Jennifer & Mike
Boulder, Colorado
United States

george & Marcia
benicia, CA
United States

Joseph
Seattle, WA
United States

Kris
McKinney, TX
United States

Sam
Fremont, CA
United States

Asif
Calgary, Alberta
Canada

Brie & Emil A.
Santa Clara, CA
United States

andrew
fremont, CA
United States

Fabio e Cristiana
Florence, tuscany
Italy

Anonymous
New York, NY
United States

Garry
Normandy Park, WA
United States

Brett
Austin, TX
United States

noah

Carla
Plano, TX
United States

Herb
Tenafly, NJ
United States

Alicia
Eden Prairie, MN
United States

Heather
Sunnyvale, CA
United States

Randell
Encinitas, CA
United States

Charlie
Louisville, CO
United States

Tim
Eugene, OR
United States

Janet
Albany, CA
United States

Shane
Toronto, Ontario
Canada

Charles
Lakeway, TX
United States

Journal entries for Benita Almonte Guzman's Group

Loan has been disbursed Entrepreneur: Benita Almonte Guzman's Group Location: San Luis, Community Of Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to the group, consisting of Benita Almonte Guzman, Pura Maria Columna Milano, Marilenni Mendez, Venancia Martinez Contreras, Santa Nieves De La Rosa Aybar 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 Luis, Community Of Santo Domingo, Dominican Republic Sep 3, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Benita Almonte Guzman's Group Location: San Luis, Community Of Santo Domingo, 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 Benita Almonte Guzman's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
December 2008	$241.67	$242.00	Repayment Received
January 2009	$241.67	$241.33	Repayment Received
February 2009	$241.67	$0.00	Delinquent
March 2009	$241.67	$0.00	Delinquent
April 2009	$241.67	$0.00	Delinquent
May 2009	$241.65	$0.00	Delinquent
December 2009	$0.00	$41.83