Banco Maranatha Group


Status: Paid Back

$3,750.00   Loan Request
$3,750.00   Paid Back

About the Group

Group Name: Banco Maranatha Group
Group Members: Manise Masson
Ramona Piet
Cleomene Ezebe
Maria Misua
Lorene Volrize
Vincent Gertrudes
Nicola Metellus
Desulia Meason
Ismene Dorzeme
Idenise Cheranph
Yerta Jacson
Milianise Laurore
Elmicia Souverain
Jose Petithomme
Marie Louis
Location: Puerto Plata, Dominican Republic
Activity: Food Production/Sales

About the Loan

Loan Amount: $3,750.00
Loan Use: Buy products to produce and sell food
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 20, 2008
Date Disbursed: Nov 3, 2008
Date Funded:Oct 20, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.0325 DOP = 1 USD



Banco Maranatha is a group of 15 entrepreneurs who are looking for their third loan from Esperanza International. With their first two loans, all the members were able to start their own businesses. They are now looking to expand their businesses and really start improving their lives. So far everyone in this group has had some success and has been able to pay all the loan fees on time.


Marie Louis is the representative of this group, chosen because she is a great leader and a hard-working woman. She is the mother of 3 children. Her children are her life, and she wants nothing more than to provide them with a comfortable life. Marie started a small business producing and selling food. Her dream is to live with her family in their own house and to be able to travel someday. She can't wait for this next loan because she feels that it will really help her business go to the next level.


On behalf of Marie, the rest of 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


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Lenders to this group

Dave
Manchester, Greater Manchester
United Kingdom

Jim and Marta
Rockton, IL
United States

Karman
Bryan, TX
United States

Monica
Miami, FL
United States

el Chapulín Colorado
NH
United States

Anonymous
Lansing, MI
United States

David
Cary, NC
United States

Ernest M
Clearwater, FL
United States

Anonymous
Fort Davis, TX
United States

Daryl
Toronto, Ontario
Canada

Karen
Norman, OK
United States

steve roh
philadelphia, pa
United States

Mads
Houston, TX
United States

xerexes
Vancouver, British Columbia
Canada

Joanne
Nanaimo, B.C.
Canada

Portia
Washington, MO
United States

Anonymous
chicago, IL
United States

Erika
Bangor, ME
United States

Carol
Gibsons, BC
Canada

Marc
manhattan beach, CA
United States

Lisa and Stephen
Anchor, IL
United States

Dawn
La Canada, CA
United States

Genevieve
Vashon, WA
United States

Bruce & Lorraine
Lookout, CA
United States

Gerty
ENSCHEDE,
Netherlands

Donall
Dublin 6,
Ireland

Colin
Toronto, Ontario
Canada

Josh, Sav, Clark & Walt
Vancouver, BC
Canada

Laura Gyhra
Raymond, NE
United States

diana
berkeley, CA
United States

Anthony ter Neuzen
Haarlem, NH
Netherlands

Francine & Bob
The Sea Ranch, CA
United States

Robert
Rancho Cucamonga, CA
United States

Jason
Toronto, Ontario
Canada

Joanne
Hamilton, NY
United States

Kelsi
Bellevue, WA
United States

Paul
Washington, DC
United States

Faisal
Missouri City, TX
United States

The Steward Family
Novato, CA
United States

Leanne
Bonnyville, Alberta
Canada

MICHAEL
HUNTINGTON BEACH, CA
United States

Rhys
Seattle, WA
United States

Anonymous
Healdsburg, CA
United States

Maggie
Bellshill, Lanarkshire
United Kingdom

Pedro
Porto, Porto
Portugal

patrick
sumner, WA
United States

Bob & Chris
Newport News, VA
United States

Anonymous

Anonymous

Hans
Burbank, CA
United States

Francisco
Charleston, South Carolina
United States

Paul
Honolulu, HI
United States

Ryan & Elizabeth
Burlington, WA
United States

MIchelle
Seattle, WA
United States

STEVE
LAS VEGAS, NV
United States

Craig
Chicago, IL
United States

Megan
Melbourne, Victoria
Australia

Rich
Charlotte, NC
United States

Terry
Los Angeles, CA
United States

Lela
Tazewell, TN
United States

Holly
Saint Paul, MN
United States

Lauren
Delavan, WI
United States

Anonymous
raleigh, NC
United States

Kathie
San Diego, CA
United States

Peter
kensington, MD
United States

Anonymous

Kaleb
McMinnville, Oregon
United States

Cornita
Charlotte, NC
United States

Daniel Scrivner
Los Angeles, CA
United States

Brian
Austin, TX
United States

Becky
Minneapolis, MN
United States

Boris
Old Bridge, NJ
United States

Graham
Los Altos, CA
United States

Alan & Sue
Rising Sun, MD
United States

Anonymous
Elkader, IA
United States

john
Burlington, Ontario
Canada

Jerry & Julie
Victoria, British Columbia
Canada

Susan
Stockton, CA
United States

Phil
marblehead, MA
United States

Shannon
Okinawa,
Japan

Anonymous
Mountain Lakes, NJ
United States

Marshall
Oklahoma City, OK
United States

Roy
Hilo, HI
United States

Ordinary Life
Houston, TX
United States

Kris
West Lafayette, IN
United States

Garry D
Acton, MA
United States

Matt
North Pole, AK
United States

Jim
Surrey, British Columbia
Canada

DaveNYoly
bloomfield, MI
United States

Chuck & Barbie
Joshua Tree, CA
United States

Stephen
Studio City, CA
United States

Paul
Beamsville, Ontario
Canada

Greg
Cherry Hill, NJ
United States

Sue Fan
New York, NY
United States

Patrick
Petersburg, Alaska
United States

Amber
Oakland, CA
United States

Gerry Schreiber
Maple Ridge, BC
Canada

Michael
San Jose, CA
United States



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Journal entries for Banco Maranatha Group


Loan has been disbursed
 
Entrepreneur: Banco Maranatha Group
Location: Puerto Plata, Dominican Republic

Thank you for your loan. It has been disbursed to the Banco Maranatha group, consisting of Marie Louis, Jose Petithomme, Elmicia Souverain, Milianise Laurore, Yerta Jacson, Idenise Cheranph, Ismene Dorzeme, Desulia Meason, Nicola Metellus, Vincent Gertrudes, Lorene Volrize, Maria Misua, Cleomene Ezebe, Ramona Piet, Manise Masson 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 4, 2008
Comment on this entry

Marie Louis Follow Up
 
Entrepreneur: Banco Maranatha Group
Location: Puerto Plata, Dominican Republic

Marie Louis started a small store out of the side of her house. Unfortunately she was unable stay in business. She lives in a geographically isolated community that is very small and very poor. Her community was unable to give her enough business for her to keep her store open. There were several other "general goods" stores in the community that also had to close down, because there is simply not enough money in the community to support several business of the same nature.


Posted by David Gann from Puerto Plata, Dominican Republic
Jun 16, 2009
Comment on this entry

Kiva Help Repayment Schedule for Banco Maranatha Group

  Expected Repayments Actual Repayments Comments
February 2009 $625.00 $625.00 Repayment Received
March 2009 $625.00 $625.00 Repayment Received
April 2009 $625.00 $625.00 Repayment Received
May 2009 $625.00 $625.00 Repayment Received
June 2009 $625.00 $624.99 Repayment Received
July 2009 $625.00 $625.01 Repayment Received