La Prosperidad Group


Status: Paid Back

$5,000.00   Loan Request
$5,000.00   Paid Back

About the Group

Group Name: La Prosperidad Group
Group Members: Luisa Javier
Jose Jones
Altagracia Lopez
Altagracia Santos
Sencion De Los Santo
Alexandro Burgo
Camila Marte
Antonio Ortiz
Dary Zapata
Josefina Sanche
Maria Jiménez
Bernarda Burgo
Alejandro Burgo
Santo Rodriguez
Juana Rodríguez
Maria Sanchez
Isabel Burgo
Santiago Rodríguez
Carmen Desgracia
Maria Moya
Location: Samana, Dominican Republic
Activity: Used Clothing

About the Loan

Loan Amount: $5,000.00
Loan Use: To buy more used clothing to re-sell to her community members.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 6, 2008
Date Disbursed: Oct 20, 2008
Date Funded:Oct 6, 2008
Loan Ended:May 15, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.3130 DOP = 1 USD



María Moya is a mother of three children. She has been a buyer of bulk clothing for some time and has worked part of her life in the selling of new and used clothing. María made the decision to ask for a loan through a BDE called “Prosperidad”\ in Samana, where our office is operating. María decided to invest her money in her business, hoping that it is successful. As all Dominican women, she enjoys meat and her favorite hobby is reading books and asking God for a better future for her family which we know our Lord with grant her.

Maria is part of a larger group of 35 men and women. Only 20 are taking out new loans right now, her loan represents the other 19 individuals in her Bank of Hope. Her group members have businesses in everything ranging from small grocery stores, to fried fish stands, to clothing and shoe sales.

On behalf of Maria, her group, and everyone here at Esperanza International-- we thank you for your support!

Translated from Spanish by Cindy Kendall, Kiva Volunteer


María Moya madre de tres hijos ha sido compradora de pacas desde hace un tiempo y ha trabajado una parte de su vida en la venta de ropas nuevas y usadas. María tomó la decisión de solicitar un préstamo a través de un BDE al cual se le llama actualmente Prosperidad donde está operando nuestra oficina en Samaná. María decidió invertir su dinero en su negocio, esperando sea prosperado por medio de este, esta es una Sra. La cual como toda dominicana le encanta la carne y su pasatiempo favorito es leer libros y le pide a Dios por un futuro mejor para su familia el cual sabemos el nuestro Señor se lo concederá.

Maria is part of a larger group of 35 men and women. Only 20 are taking out new loans right now, her loan represents the other 19 individuals in her Bank of Hope. Her group members have businesses in everything ranging from small grocery stores, to fried fish stands, to clothing and shoe sales.

On behalf of Maria, her group, and everyone here at Esperanza International-- we thank you for your support!


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 La Prosperidad Group


Loan has been disbursed
 
Entrepreneur: La Prosperidad Group
Location: Samana, Dominican Republic

Thank you for your loan. It has been disbursed to the La Prosperidad group, consisting of Maria Moya, Carmen Desgracia, Santiago Rodríguez, Isabel Burgo, Maria Sanchez, Juana Rodríguez, Santo Rodriguez, Alejandro Burgo, Bernarda Burgo, Maria Jiménez, Josefina Sanche, Dary Zapata, Antonio Ortiz, Camila Marte, Alexandro Burgo, Sencion De Los Santo, Altagracia Santos, Altagracia Lopez, Jose Jones, Luisa Javier 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 Samana, Dominican Republic
Oct 20, 2008
Comments (1)

Kiva Help Repayment Schedule for La Prosperidad Group

  Expected Repayments Actual Repayments Comments
January 2009 $833.33 $833.33 Repayment Received
February 2009 $833.33 $833.33 Repayment Received
March 2009 $833.33 $833.33 Repayment Received
April 2009 $833.33 $833.33 Repayment Received
May 2009 $833.33 $833.33 Repayment Received
June 2009 $833.35 $833.35 Repayment Received