Ana Delia Peña's Group


Status: Ended with Loss - Defaulted

$875.00   Loan Request
$177.38   Paid Back

About the Group

Group Name: Ana Delia Peña's Group
Group Members: Danis Marinelly Soto
Isabel Portalatin
Juana Antonia Rosario
Ana Mercedes Florentino
Ana Delia Peña
Location: Cotuí, Dominican Republic
Activity: Retail

About the Loan

Loan Amount: $875.00
Loan Use: Purchase of plastic containers to resell in her community
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 15, 2008
Date Disbursed: Oct 30, 2008
Date Funded:Oct 16, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.0855 DOP = 1 USD



Ana Delia is the coordinator of this group comprised of five women, all of whom operate small businesses in Hato Castillo, a low-income community of Cotuí. Ana is a single mother who endeavors to support her two children and improve the quality of their lives. She sells plastic containers to mini-markets and pastry shops owners in her neighborhood. She also sells her products to women that produce food to order. This business is the sole source of income of the entrepreneur, and she'd like to strengthen it so that she could have a better income.

Ana Delia will invest her loan to purchase more containers and lids so that she can keep satisfying her clients' needs. She hopes that her business will allow her to have a better lifestyle.

The members of Ana Delia's group are:
Ana Mercedes Florentino, a beauty products retailer,
Juana Antonia Rosario, who sells clothing and accessories,
Isabel Portalatin, a clothing retailer,
Danis Marinelly Soto, who operates a cafeteria.

The photo shows from left to right, Ana Delia, Ana Mercedes, Juana Antonia, Isabel and Danis Marinelly.



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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Lenders to this group

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Carol
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Anonymous
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Kimberly
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Joanne
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Audun
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Maria D
El Paso, TX
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Joshua
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Roman
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Lars Ivar
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Nancy
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Marko
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John
Jacksonville, FL
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Christa
Chicago, IL
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a.j
Abu Dhabi, UAE
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Ashish
Ashburn, VA
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Anonymous
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mike
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Matchbox Movement
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Kristin
St. Louis, MO
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John
Charlotte, North Carolina
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Courtney
Kirkland, WA
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Marilyn
Indianapolis, IN
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Journal entries for Ana Delia Peña's Group


Loan has been disbursed
 
Entrepreneur: Ana Delia Peña's Group
Location: Cotuí, Dominican Republic

Thank you for your loan. It has been disbursed to the Ana Delia Peña group, consisting of Ana Delia Peña, Ana Mercedes Florentino, Juana Antonia Rosario, Isabel Portalatin, Danis Marinelly Soto 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 31, 2008
Comments (1)

Update on your loan in the Dominican Republic
 
Entrepreneur: Ana Delia Peña's 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 (57)

Kiva Help Repayment Schedule for Ana Delia Peña's Group

  Expected Repayments Actual Repayments Comments
January 2009 $145.83 $145.83 Repayment Received
February 2009 $145.83 $0.00 Delinquent
March 2009 $145.83 $0.00 Delinquent
April 2009 $145.83 $0.00 Delinquent
May 2009 $145.83 $0.00 Delinquent
June 2009 $145.85 $0.00 Delinquent
December 2009 $0.00 $31.55