Banco Esperanza Group

Status: Paid Back

$1,225.00		Loan Request
$1,225.00		Paid Back

About the Group

Group Name:	Banco Esperanza Group
Group Members:	Reyna Diaz Eridania Diaz Maria Lopez Olga Diaz Analiuda Cabrer Reyna Diaz Alba Moran Providencia Guzman Luz Fermin Eduviges Rostetan
Location:	Puerto Plata, Dominican Republic
Activity:	Shoe Sales

About the Loan

Loan Amount:	$1,225.00
Loan Use:	buying more shoes to sell
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Oct 17, 2008
Date Disbursed:	Oct 31, 2008
Date Funded:	Oct 17, 2008
Loan Ended:	May 15, 2009

About the Field Partner

Field Partner:

Esperanza International Dominican Republic, a partner of HOPE International

Field Partner Risk Rating:

(Learn more)

Active

33 months

7009

$1,612,225

0.00%

0.00%

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:	35.0565 DOP = 1 USD

"Banco Esperanza" is a group of 10 women looking to receive a small loan. Each of them has taken out a very small loan already, so this would be their second. With this loan the group is going to try and expand their small businesses and start generating more income.

Eduviges is the group representative and leader of the group. Eduviges has a lot on the line because she has 6 children that she has to take care of. She told me that those children are the reason she wants to be successful. She wants to be able to provide a different life for them and show them that they can be successful as well.

Eduviges has a very small business selling shoes and Avon products. She plans to expand using this loan and dreams of success. The whole group is ready for this new challenge and are on the road to bettering their lives. On behalf of Eduviges, the group, and Esperanza International--------- 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

Lenders to this group

Frank
Brooklyn, NY
United States

Axel & Francina
North Vancouver, British Columbia
Canada

Anonymous
Council Bluffs, IA
United States

Kerri
Hopkins, MN
United States

Lexie
Acton, Ontario
Canada

Anonymous
Perth, Western Australia
Australia

marian
trumansburg, NY
United States

Kevin
Medford, MA
United States

Sigurd
Århus, Jylland
Denmark

jack

Robert
Hendersonville, NC
United States

Anonymous
Winnetka, CA
United States

nikita
stockholm, stockholm
Sweden

Peter
Sacramento, CA
United States

Jon
Rochester, NY
United States

Richard
Coupeville, WA
United States

Gil
Hilo, HI
United States

Cathy
Long Beach, CA
United States

Patricia
Huddersfield, West Yorkshire
United Kingdom

nancy
Washington, DC
United States

Leopold
St.Peter/Au,
Austria

Amin
Tehran, Tehran
Iran, Islamic Republic of

Anonymous
Carp, Ontario
Canada

Susan
Olympia, WA
United States

ECB-3M Canada
London, Ontario
Canada

Ericka and Bill
Oakland, CA
United States

Baker Middle School
Baker City, OR
United States

Robert
Enfield, Nova Scotia
Canada

clare
carlisle, PA
United States

Adrian
Sydney, New South Wales
Australia

Roy
Hilo, HI
United States

Christopher & Robin
Carmel Valley, CA
United States

olivia
st christol,
France

Daniel Debord
Howard Beach, NY
United States

Jan
Zwaag,
Netherlands

Janine
Chelmsford, MA
United States

Valerie
Poway, CA
United States

Anonymous
Plano, TX
United States

Stephanie

Carlos & Claudia

Brian
Tacoma, WA
United States

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Journal entries for Banco Esperanza Group

Loan has been disbursed Entrepreneur: Banco Esperanza Group Location: Puerto Plata, Dominican Republic Thank you for your loan. It has been disbursed to the Banco Esperanza group, consisting of Eduviges Rostetan, Luz Fermin, Providencia Guzman, Alba Moran, Reyna Diaz, Analiuda Cabrer, Olga Diaz, Maria Lopez, Eridania Diaz, Reyna Diaz 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
Comment on this entry

Loan Progress Update Entrepreneur: Banco Esperanza Group Location: Puerto Plata, Dominican Republic Reyna Diaz and Banco Esperanza have successfully completed their Kiva loans. Reyna is the owner of a little store selling items like cookies, bread, drinks, and gum. She is the mother of two and the grandmother of three who range in age from six months to six years. Her business grew a little and was helped a lot through the loan. She is very thankful and would like to thank the Kiva lenders. Right now Reyna is facing a little bit of diversity because business has been slow of late, and in order to not burn bridges with Esperanza, Reyna is taking a break for receiving another loan. On behalf of Reyna Diaz, Banco Esperanza, and Esperanza International, thank you for your support!
Posted by Kevin Halloran from Puerto Plata, Dominican Republic Mar 31, 2009
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Repayment Schedule for Banco Esperanza Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$204.17	$204.17	Repayment Received
February 2009	$204.17	$204.17	Repayment Received
March 2009	$204.17	$204.17	Repayment Received
April 2009	$204.17	$204.17	Repayment Received
May 2009	$204.17	$204.17	Repayment Received
June 2009	$204.15	$204.15	Repayment Received