Antonia Maria Frias Ferrand's Food And Juice Group


Status: Ended with Loss - Defaulted

$1,675.00   Loan Request
$339.56   Paid Back

About the Group

Group Name: Antonia Maria Frias Ferrand's Food And Juice Group
Group Members: Yocaty Romero Mariano
Lilia Bautista Sanchez
Angela Frias Belen
Ramona Bautista
Antonia Maria Frias Ferrand
Location: Cotuí, Dominican Republic
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,675.00
Loan Use: To purchase more goods to produce fried food.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 10, 2008
Date Disbursed: Oct 24, 2008
Date Funded:Oct 10, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.2960 DOP = 1 USD



Antonia Maria is 30 years old and the humble mother of five school-going children. Antonia lives in the needy community of Sambrana where most of the people are unemployed and undereducated. The feeble purchasing power of the population makes the success of small businesses more difficult in the community. Despite this somber panorama, Antonia Maria runs a small business of producing fried food and natural juices in her neighborhood. The entrepreneur explains that maintaining the cash flow is sometimes challenging, and it's hard to help her kids with her wages. Nonetheless, Antonia is very optimistic, and she believes that she'll be able to move her business forward, thanks to the loan she has requested.

The businesswoman hopes that her business will help her to lift her family out of poverty. The following women are members of Antonia's group: Ramona Bautista, a small entrepreneur who sells fresh chicken parts; Angela Frias Belen, who sells clothing; Lilia Bautista Sanchez, who owns a small grocery store; Yocaty Romero Mariano (not depicted), who sells clothing and footwear. The picture shows from left to right: Ramona, Antonia, Angela and Lilia.



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 Antonia Maria Frias Ferrand's Food And Juice Group


Loan has been disbursed
 
Entrepreneur: Antonia Maria Frias Ferrand's Food And Juice Group
Location: Cotuí, Dominican Republic

Thank you for your loan. It has been disbursed to the Antonia Maria Frias Ferrand's Food and Juice group, consisting of Antonia Maria Frias Ferrand, Ramona Bautista, Angela Frias Belen, Lilia Bautista Sanchez, Yocaty Romero Mariano 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 Cotuí, Dominican Republic
Oct 25, 2008
Comments (1)

Update on your loan in the Dominican Republic
 
Entrepreneur: Antonia Maria Frias Ferrand's Food And Juice Group
Location: Cotuí, 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 (58)

Kiva Help Repayment Schedule for Antonia Maria Frias Ferrand's Food And Juice Group

  Expected Repayments Actual Repayments Comments
January 2009 $279.17 $279.17 Repayment Received
February 2009 $279.17 $0.00 Delinquent
March 2009 $279.17 $0.00 Delinquent
April 2009 $279.17 $0.00 Delinquent
May 2009 $279.17 $0.00 Delinquent
June 2009 $279.15 $0.00 Delinquent
December 2009 $0.00 $60.39