Mujeres Unidas Por La Paz Group


Status: Paid Back

$1,775.00   Loan Request
$1,775.00   Paid Back

About the Group

Group Name: Mujeres Unidas Por La Paz Group
Group Members: Luisa Castillo
Rosa Pita
Carolina Jacobo
Marianela Ceballos
Maria Cabrera
Rosemane Louis
Adrien Anne
Maria Pimentel
Juliana Ovalles
Geraldina Charles
Location: Puerto Plata, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $1,775.00
Loan Use: These women would like to create and improve their own businesses to improve their families' lives.
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
Loan Ended:May 15, 2009

About the Country

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



"Mujeres Unidas por la Paz" ("Women United for Peace) is a group made up of 10 women looking to receive their first loans. All members want to start their own small business and start generating income. All members come from a very poor area in Puerta Plata, Domincan Republic. Geraldina is the chosen group representative and is excited about the task she faces. She says she like to take leadership roles, and her group was glad to make her the representative. She is a hardworking mother of three children, and wants to start her own business for the sake of her children. She plans on selling clothing in her area, and hopes to expand it over time with new loans. She dreams of having her own thriving business and being able to provide a good life for her loved ones. This whole group is ready to change their future! On behalf of Geraldina, the rest of the group, and Esperanza International-------- We thank you for your support!!!



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 Mujeres Unidas Por La Paz Group


Loan has been disbursed
 
Entrepreneur: Mujeres Unidas Por La Paz Group
Location: Puerto Plata, Dominican Republic

Thank you for your loan. It has been disbursed to the Mujeres Unidas por la paz group, consisting of Geraldina Charles, Juliana Ovalles, Maria Pimentel, Adrien Anne, Rosemane Louis, Maria Cabrera, Marianela Ceballos, Carolina Jacobo, Rosa Pita, Luisa Castillo by Esperanza International, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Esperanza International, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Puerto Plata, Dominican Republic
Nov 1, 2008
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Kiva Help Repayment Schedule for Mujeres Unidas Por La Paz Group

  Expected Repayments Actual Repayments Comments
January 2009 $295.83 $295.83 Repayment Received
February 2009 $295.83 $295.83 Repayment Received
March 2009 $295.83 $295.83 Repayment Received
April 2009 $295.83 $295.83 Repayment Received
May 2009 $295.83 $295.83 Repayment Received
June 2009 $295.85 $295.85 Repayment Received