Alejandrina Suarez Asencion's Group

Status: Ended with Loss - Defaulted

$1,100.00		Loan Request
$398.40		Paid Back

About the Group

Group Name:	Alejandrina Suarez Asencion's Group
Group Members:	Milagros Esperanza Santana Mejia Leticia Garcia Garcia Juana De Los Santos Lourdes Eugenia Rosario Serrano Alejandrina Suarez Asencion
Location:	Monte Plata, Dominican Republic
Activity:	Grocery Store

About the Loan

Loan Amount:	$1,100.00
Loan Use:	To add new products to her mini-market so as to increase her sales volume and income
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Sep 9, 2008
Date Disbursed:	Sep 23, 2008
Date Funded:	Sep 9, 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:	34.3765 DOP = 1 USD

Alejandrina lives in Sabana Grande de Boya in the province of Monte Plata where she operates a mini-market. Alejandrina started her business about two years ago with her husband's help, and currently the mini-market is in the black. The entrepreneur has four children, all of whom attend school. She's looking forward to enlarging the variety of products she offers to her customers in order to increase her sales volume and her income. Alejandrina explains that there's a hard competition in the community, however she's always managed to get past that.

This successful entrepreneur will receive her loan together with the following women:

Lourdes Eugenia Rosario Serrano, who retails jewelry in her community,

Juana De Los Santos, who sells clothing within her house,

Leticia Garcia Garcia, who will invest in the purchase of beauty products, and

Milagros Esperanza Santana Mejia, who sells fruits and vegetables.

The photo shows from left to right: Lourdes Eugenia, Alejandrina, Juana, Leticia and Milagros.

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

Jim KivaFriends.org
Fort Worth, Texas
United States

Josh & Amanda
Seattle, WA
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Lesley
Denville, NJ
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neddotcom
worldwide, OR
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HEATHER
Edmonton, Alberta
Canada

Susana
Toronto, Ontario
Canada

Donn and Pat
Santa Rosa, CA
United States

Patricia
Ft Myers Beach, FL
United States

Sean
Cleveland Heights, OH
United States

Eugenia
New York, NY
United States

Miji KivaFriends.org
Everett, WA
United States

Katerina
Huntington Station, NY
United States

Rose
New Orleans, LA
United States

C & Z
Edison, New Jersey
United States

Carol W
Flagler Beach, FL
United States

Janelle
Greeley, CO
United States

Alan
Seattle, WA
United States

Akrita
New Delhi, New Delhi
India

David
Waynesboro, PA
United States

howard and maureen
pinole, CA
United States

Maria
AROMAS, CA
United States

Top Lending Teams for this group

KivaFriends.org
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956 Members

Third Culture Kids Everywhere
Other
54 Members

GLBT (Gay, Lesbian, Bisexual, Transgender) Kivans & Friends
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1615 Members

ned.com - every individual and business has the power to make a difference
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141 Members

Journal entries for Alejandrina Suarez Asencion's Group

Loan has been disbursed Entrepreneur: Alejandrina Suarez Asencion's Group Location: Monte Plata, Dominican Republic Thank you for your loan. It has been disbursed to the Alejandrina Suarez Asencion group, consisting of Alejandrina Suarez Asencion, Lourdes Eugenia Rosario Serrano, Juana De Los Santos, Leticia Garcia Garcia, Milagros Esperanza Santana Mejia 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 Sep 23, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Alejandrina Suarez Asencion'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)

Repayment Schedule for Alejandrina Suarez Asencion's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
December 2008	$183.33	$184.00	Repayment Received
January 2009	$183.33	$182.67	Repayment Received
February 2009	$183.33	$0.00	Delinquent
March 2009	$183.33	$0.00	Delinquent
April 2009	$183.33	$0.00	Delinquent
May 2009	$183.35	$0.00	Delinquent
December 2009	$0.00	$31.73