Eugenia De Jesus's Group

Status: Ended with Loss - Defaulted

$1,300.00		Loan Request
$263.54		Paid Back

About the Group

Group Name:	Eugenia De Jesus's Group
Group Members:	Natividad Rodriguez Juana Capellan Digna Calderon Georgina Guzman Eugenia De Jesus
Location:	Cotuí, Dominican Republic
Activity:	Animal Sales

About the Loan

Loan Amount:	$1,300.00
Loan Use:	These women would like to improve their businesses.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Oct 16, 2008
Date Disbursed:	Oct 31, 2008
Date Funded:	Oct 17, 2008

About the Field Partner

Field Partner:

Fundación San Miguel Arcángel, Inc. (FSMA)

Field Partner Risk Rating:

(Learn more)

Closed

29 months

2017

$593,750

N/A - No Paying Back Loans

Default Rate:

27.80%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Dominican Republic
Avg Annual Income:	$7,611.00
Currency:	Dominican Republic Pesos (DOP)
Exchange Rate:	35.0775 DOP = 1 USD

Eugenia is a popular woman in Chacuey Abajo, a very-low income community of Cotuí. She's a hard-working woman and a member of the community's neighborhood board. Eugenia is also a single mother that is trying really hard to keep up with her 7-year-old son. To improve her family's life, Eugenia wants to start a new business. She has requested a loan to purchase chickens in order to start a small poultry shop. She's already bought a small establishment for the business. Eugenia's main objective is to support her son's education so that he can become a good professional in the future. She counts on Kiva lenders' bigheartedness to allow her to get her business off the ground and have great success.

Eugenia will be given the loan together with these women, all of whom live in the community:
Georgina Guzman, who sells clothing and accessories;
Digna Calderon, who operates a small clothing store;
Juana Capellan, who sells beauty products;
and Natividad Rodriguez, who sells hair products;
The picture shows from left to right, Eugenia, Georgina, Digna, Juana and Natividad.

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 Eugenia De Jesus's Group

Loan has been disbursed Entrepreneur: Eugenia De Jesus's Group Location: Cotuí, Dominican Republic Thank you for your loan. It has been disbursed to the Eugenia De Jesus group, consisting of Eugenia De Jesus, Georgina Guzman, Digna Calderon, Juana Capellan, Natividad Rodriguez 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 Nov 1, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Eugenia De Jesus'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 (58)

Repayment Schedule for Eugenia De Jesus's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$216.67	$216.67	Repayment Received
February 2009	$216.67	$0.00	Delinquent
March 2009	$216.67	$0.00	Delinquent
April 2009	$216.67	$0.00	Delinquent
May 2009	$216.67	$0.00	Delinquent
June 2009	$216.65	$0.00	Delinquent
December 2009	$0.00	$46.87