Maria Cristina Santos Pimentel's Group
Status: Ended with Loss - Defaulted
| $2,000.00 | Loan Request | |
|---|---|---|
| $405.44 | Paid Back |
About the Group
| Group Name: | Maria Cristina Santos Pimentel's Group |
|---|---|
| Group Members: |
Maria Zunilda Pimentel Petronila Rodriguez Basilio Rafaela Santana Alcantara, Rufina Mateo Maria Cristina Santos Pimentel |
| Location: | San Cristobal, Dominican Republic |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $2,000.00 |
|---|---|
| Loan Use: | Purchase of new items to add to her stock of clothing and beauty products. |
| 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 |
Cristina plans to expand her business, so she's requesting a loan to add new exclusive items to her inventory. The entrepreneur hopes that her business' growth will allow her to provide a better lifestyle to her family.
The members of Cristina's group are:
Rufina Mateo, who retails jewelry in the community,
Rafaela Santana Alcantara, who sells fried chicken and pork,
Petronila Rodriguez Basilio, the owner of a small butcher shop, and
Maria Zunilda Pimentel, who sells fruit and vegetables.
The picture shows from left to right: Maria Cristina, Rafaela, Petronila, Rufina and Maria Zunilda.
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 Maria Cristina Santos Pimentel's Group
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Loan has been disbursed
Location: San Cristobal, Dominican Republic
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Posted by
from San Cristobal, Dominican Republic
Oct 11, 2008 |
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Comments (1)
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Update on your loan in the Dominican Republic
Location: San Cristobal, 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 Maria Cristina Santos Pimentel's Group
Repayment Schedule for Maria Cristina Santos Pimentel's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2009 | $333.33 | $333.33 |  Repayment Received
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| February 2009 | $333.33 | $0.00 |  Delinquent
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| March 2009 | $333.33 | $0.00 | Delinquent
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| April 2009 | $333.33 | $0.00 | Delinquent
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| May 2009 | $333.33 | $0.00 | Delinquent
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| June 2009 | $333.35 | $0.00 | Delinquent
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| December 2009 | $0.00 | $72.11 | |||
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