Rafaela Maria Amador Torres's Group

Status: Ended with Loss - Defaulted

$1,350.00		Loan Request
$273.68		Paid Back

About the Group

Group Name:	Rafaela Maria Amador Torres's Group
Group Members:	Juana Contreras Mercedes Concepcion Juana Castillo Cristina Sena Rafaela Maria Amador Torres
Location:	Santo Domingo, Dominican Republic
Activity:	Cafe

About the Loan

Loan Amount:	$1,350.00
Loan Use:	These women would like to create and improve their small businesses to provide better lives for their families.
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

Rafaela Maria has been operating a small cafeteria for five years in Santo Domingo. She runs her business in an establishment she inherited from her father. In addition to her delicious empanadas and natural juices, the entrepreneur sells pieces of cake and candies. Rafaela lives with one of her youngest children. The others are grown and live with their families. Rafaela has requested a loan to buy a large stock of ingredients so that she can produce more food for her clientele. She hopes that her business will allow her to support her child and to enjoy life better.

Rafaela will receive her loan together with these women:
Cristina Sena, who sells men and women's clothing;
Juana Castillo, who sells clothing;
Mercedes Concepcion, who sells pants and shoes;
and Juana Contreras, who operates a small cafeteria.

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

Lenders to this group

Vineta
Willingboro, NJ
United States

JOAN
ORLANDO, FL
United States

Kay
Apple Valley, MN
United States

Laurent D
Brussels,
Belgium

Christine
Elmhurst, IL
United States

Havar
Askim, Ostfold
Norway

Good Dogg
Front Porch, www.kivafriends.org
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Mika
Helsinki, Uusimaa
Finland

Steven
Las Vegas, NV
United States

Vivian & Lee
Los Osos, CA
United States

Sigrun
Tjelta,
Norway

Eugenia
New York, NY
United States

Dan
KivaFriends.org, Calgary, AB
Canada

Matthew
Skokie, IL
United States

Peter
Sacramento, CA
United States

Diane R
KivaFriends.org, Santa Clara, CA
United States

Martin
Takoma Park, MD
United States

Time 2 Trade
Valencia, Valencia
Spain

Mike & Nessa
Takoma Park, MD
United States

Berit
Malmo,
Sweden

Leopold
St.Peter/Au,
Austria

Fabian
Leinfelden,
Germany

Peter
Tulsa, OK
United States

Suzi
Paddington, New South Wales
Australia

John F.
MALMO,
Sweden

Kenneth
Bergen, Sandsli
Norway

Nicole
West Hollywood, CA
United States

Larissa
Tallahassee, FL
United States

Gail
Frederick, MD
United States

bryan
mesa, AZ
United States

Nancy, Ken, & Kelly
Spring, TX
United States

Frank

Miguel
Cordoba, Cordoba
Spain

Kent
Portland, OR
United States

Tamara Cristine
Boston, MA
United States

Helen
Mercer Island, WA
United States

Anonymous
Alexandria, VA
United States

Alex
San Jose, CA
United States

Kathryn
Morristown, NJ
United States

William

EDWARD
FREMONT, CA
United States

Baker Middle School
Baker City, OR
United States

Top Lending Teams for this group

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Journal entries for Rafaela Maria Amador Torres's Group

Loan has been disbursed Entrepreneur: Rafaela Maria Amador Torres's Group Location: Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to the Rafaela Maria Amador Torres group, consisting of Rafaela Maria Amador Torres, Cristina Sena, Juana Castillo, Mercedes Concepcion, Juana Contreras 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
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Rafaela Maria Amador Torres'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 (58)

Repayment Schedule for Rafaela Maria Amador Torres's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$225.00	$225.00	Repayment Received
February 2009	$225.00	$0.00	Delinquent
March 2009	$225.00	$0.00	Delinquent
April 2009	$225.00	$0.00	Delinquent
May 2009	$225.00	$0.00	Delinquent
June 2009	$225.00	$0.00	Delinquent
December 2009	$0.00	$48.68