Altagracia Reyes Puente's Group


Status: Ended with Loss - Defaulted

$1,275.00   Loan Request
$258.47   Paid Back

About the Group

Group Name: Altagracia Reyes Puente's Group
Group Members: Carmen Elisa Castillo
Sencion Guzman Liriano
Daniela Reyes Liriano
Australia Cueva Sena
Altagracia Reyes Puente
Location: Santo Domingo, Dominican Republic
Activity: Grocery Store

About the Loan

Loan Amount: $1,275.00
Loan Use: To restock a small grocery store
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 15, 2008
Date Disbursed: Oct 31, 2008
Date Funded:Oct 17, 2008

About the Country

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



Altagracia coordinates the activities of this group of five women, all of whom live and operate small businesses in the Guerra community of Santo Domingo. Altagracia is 48 years old and has three grown children who live with their families. Altagracia lives alone, as she's been separated from her husband for about five years. To earn a living, she operates a small grocery store in her home. Every day, people visit her store to purchase goods such as beans, cooking oil, rice, sausage, and other basic foodstuffs. Altagracia also sells beer which is one of the most requested products. This loan is to replenish the store since turnover in this kind of business is very quick. Altagracia hopes that her business will allow her to maintain a comfortable lifestyle.

The members of Altagracia's group are:
Australia Cueva Sena, who operates a cafeteria,
Daniela Reyes Liriano, who sells clothing,
Sencion Guzman Liriano, who sells clothing,
Carmen Elisa Castillo, who sells footwear.



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

jos
groningen,
Netherlands

Haden Smith
Valrico, FL
United States

Randy
New Canaan, CT
United States

Carol
Gibsons, BC
Canada

Angel
valley stream, NY
United States

Elisabetta
Bologna, Bologna
Spain

Rick
Calgary, Alberta
Canada

Vermonter
So. Burlington, VT
United States

Rose & Wayne
Houston, TX
United States

dcdani
Valencia, Valencia
Spain

steven
proctorsville, VT
United States

Scott
New Bern, NC
United States

Benny & Ing-Britt
Malmø,
Sweden

Mike and Nancy
Signal Mtn., TN
United States

Peter
Bristol, RI
United States

Don
Port Jervis, New York
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Ashish
Ashburn, VA
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Dale
Atlanta, GA
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Sam & Bryan
June Lake, CA
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Michael
Burlington, Ontario
Canada

Angela
Kirksville, MO
United States

Jan
Berlin,
Germany

Caleb
Columbia, SC
United States

Laurent D
Brussels,
Belgium

Jason
College Station, TX
United States

Amin
Tehran, Tehran
Iran, Islamic Republic of

Xander
London, London
United Kingdom

Tom
Norwich, VT
United States

Jon
Otis Orchards, WA
United States

Elaine
Fayetteville, AR
United States

nancy
Redmond, OR
United States

Anonymous
AK
United States

Shannon
Slingerlands, NY
United States

Phil
Waterloo, Ontario
Canada

Matthew
Skokie, IL
United States

Raymond
Melbourne, Victoria
Australia

Richard
Shell Knob, MO
United States

V
KivaFriends.org, Salinas, CA
United States

Dan
KivaFriends.org, Calgary, AB
Canada

nikita
stockholm, stockholm
Sweden

Peter
Sacramento, CA
United States

Cheri & David
Breaux Bridge, LA
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keith and cat
barcelona,
Spain

Anonymous
Costa Mesa, CA
United States

Anonymous
Highlands Ranch, CO
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Journal entries for Altagracia Reyes Puente's Group


Loan has been disbursed
 
Entrepreneur: Altagracia Reyes Puente's Group
Location: Santo Domingo, Dominican Republic

Thank you for your loan. It has been disbursed to the Altagracia Reyes Puente group, consisting of Altagracia Reyes Puente, Australia Cueva Sena, Daniela Reyes Liriano, Sencion Guzman Liriano, Carmen Elisa Castillo 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 Santo Domingo, Dominican Republic
Nov 1, 2008
Comments (1)

Update on your loan in the Dominican Republic
 
Entrepreneur: Altagracia Reyes Puente's Group
Location: Santo Domingo, 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 Altagracia Reyes Puente's Group

  Expected Repayments Actual Repayments Comments
January 2009 $212.50 $212.50 Repayment Received
February 2009 $212.50 $0.00 Delinquent
March 2009 $212.50 $0.00 Delinquent
April 2009 $212.50 $0.00 Delinquent
May 2009 $212.50 $0.00 Delinquent
June 2009 $212.50 $0.00 Delinquent
December 2009 $0.00 $45.97