Aura Reyes Castro's Group
Status: Ended with Loss - Defaulted
| $1,275.00 | Loan Request | |
|---|---|---|
| $258.47 | Paid Back |
About the Group
| Group Name: | Aura Reyes Castro's Group |
|---|---|
| Group Members: |
Yelenis Del Carmen Moreno Almanzar Tomasina Castro Lucrecia Holguin Angelita Arias Aura Reyes Castro |
| Location: | Cotuí, Dominican Republic |
| Activity: | Perfumes |
About the Loan
| Loan Amount: | $1,275.00 |
|---|---|
| Loan Use: | To purchase merchandise such as perfumes, pants and other goods for her small business. |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Sep 26, 2008 |
| Date Disbursed: | Oct 10, 2008 |
| Date Funded: | Sep 26, 2008 |
About the Field Partner
About the Field Partner
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| Field Partner: | Fundación San Miguel Arcángel, Inc. (FSMA) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Closed |
| Time On Kiva: | 29 months |
| Kiva Entrepreneurs: | 2017 |
| Total Loans: | $593,750 |
| Delinquency Rate: | N/A - No Paying Back Loans |
| Default Rate: | 27.80% |
| 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: | 35.1795 DOP = 1 USD |
Aura is asking for this loan to buy more merchandise to add to her stock. The entrepreneur would like to boost her revenue in order to improve her family's living conditions. Aura is known in her community for her seriousness and sense of responsibility. She swears she'll do her best to use the loan wisely and to manage to move her business ahead.
The members of Aura's group are:
Angelita Arias, a vendor of women's clothing,
Lucrecia Holguin, who wholesales used garments,
Tomasina Castro, a cafeteria owner, and
Yelenis Del Carmen Moreno Almanzar, who sells undergarments in the community.
The picture shows from left to right: Angelita, Lucrecia, Tomasina, Aura, and Yelenis.
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 Aura Reyes Castro's Group
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Loan has been disbursed
Location: Cotuí, Dominican Republic
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Posted by
from Cotuí, Dominican Republic
Oct 10, 2008 |
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Comment on this entry
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Update on your loan in the Dominican Republic
Location: Cotuí, Dominican Republic
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Posted by
Michelle May Kreger, Kiva Staff, from San Francisco, United States
Aug 21, 2009 |
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Comments (57)
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Repayment Schedule for Aura Reyes Castro's Group
Repayment Schedule for Aura Reyes Castro's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2009 | $212.50 | $212.50 |  Repayment Received
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| February 2009 | $212.50 | $0.00 |  Delinquent
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| March 2009 | $212.50 | $0.00 | Delinquent
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| April 2009 | $212.50 | $0.00 | Delinquent
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| May 2009 | $212.50 | $0.00 | Delinquent
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| June 2009 | $212.50 | $0.00 | Delinquent
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| December 2009 | $0.00 | $45.97 | |||
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