Dulce Maria Viloria Guzman's Group


Status: Ended with Loss - Defaulted

$1,100.00   Loan Request
$47.59   Paid Back

About the Group

Group Name: Dulce Maria Viloria Guzman's Group
Group Members: Maritza Reyes Hilario
Claudina Morel Otanez
Teofila Gonzalez Sanchez
Rafaela Suarez Suarez
Dulce Maria Viloria Guzman
Location: Cotuí, Dominican Republic
Activity: Cosmetics Sales

About the Loan

Loan Amount: $1,100.00
Loan Use: Purchase clothing and cosmetics
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 21, 2008
Date Disbursed: Nov 4, 2008
Date Funded:Oct 21, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.4590 DOP = 1 USD



Dulce Maria is married and has two daughters, one of whom attends school. Her husband is doing military service at Cotuí, in the province of Sanchez Ramirez located in the central part of the country. To supplement her family's revenue, Dulce sells an assortment of cosmetics to women in her neighborhood. She's been selling these goods for more than five years, and currently she has a well-established clientele. Dulce Maria has requested a loan to add new and exclusive products to her inventory. That way, she'll be able to increase her earnings and improve her family's life.
These are the women who will receive the loan together with Dulce Maria:
Rafaela Suarez Suarez, who sells beauty products,
Teofila Gonzalez Sanchez, who sells women's clothing,
Claudina Morel Otanez, who sells fruit and vegetable,
Maritza Reyes Hilario, who owns a small grocery store;
Picture shows from left to right: Rafaela, Dulce Maria, Teofila, Claudina, and Maritza.



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

Subscribe

Lenders to this group

Barry
Washington, DC
United States

Connie
Everett, WA
United States

Joe L
Annandale, VA
United States

Donna
Newberg, OR
United States

Cheryl
Seattle, WA
United States

NYA Kiva Club
Yarmouth, ME
United States

Franco & Maria
Minturno, LT
Italy

Ian & Kate
Lawrencetown, NS
Canada

Guenther
Bad Bocklet/ Steinach,
Germany

Rod
Richmond, VA
United States

Anonymous
Dayton, OH
United States

Jillian
Vence,
France

MarkhamX
Kaysville, UT
United States

Nathan
Las Vegas, NV
United States

Lance
Mableton, GA
United States

The Redwoods Group
Morrisville, NC
United States

ståle
Rendalen, Hedmark
Norway

john

Thailand

Eileen
eugene, OR
United States

Anita
Warminster, PA
United States

Karen
Edmonton, Alberta
Canada

Amy
La Mesa, CA
United States

anissa
los angeles, CA
United States

Jesse
San Jose, CA
United States

Anonymous

Pedro
Buffalo, MN
United States

Sharyn
Falls Church, VA
United States

Jose
Guimaraes,
Portugal

tom
Vancouver, BC
Canada

Peter
Bacau, Bacau
Romania

pip
Amsterdam,
Netherlands

Speakers' Spotlight
Toronto, Ontario
Canada

Derrick
AUSTELL, GA
United States

Arno
Cologne,
Germany

Nelly
East Meadow, NY
United States

Anonymous
Tucson, AZ
United States

Anonymous



Top Lending Teams for this group


Team Obama
Common Interest
3023 Members

Utahns for Kiva
Local Area
20 Members

iPeace
Common Interest
142 Members

North Yarmouth Academy
Schools
17 Members

The Redwoods Group
Businesses
7 Members

Journal entries for Dulce Maria Viloria Guzman's Group


Loan has been disbursed
 
Entrepreneur: Dulce Maria Viloria Guzman's Group
Location: Cotuí, Dominican Republic

Thank you for your loan. It has been disbursed to the Dulce Maria Viloria Guzman group, consisting of Dulce Maria Viloria Guzman, Rafaela Suarez Suarez, Teofila Gonzalez Sanchez, Claudina Morel Otanez, Maritza Reyes Hilario 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 Cotuí, Dominican Republic
Nov 5, 2008
Comments (3)

Update on your loan in the Dominican Republic
 
Entrepreneur: Dulce Maria Viloria Guzman's Group
Location: Cotuí, 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)

Kiva Help Repayment Schedule for Dulce Maria Viloria Guzman's Group

  Expected Repayments Actual Repayments Comments
February 2009 $183.33 $0.00 Delinquent
March 2009 $183.33 $0.00 Delinquent
April 2009 $183.33 $0.00 Delinquent
May 2009 $183.33 $0.00 Delinquent
June 2009 $183.33 $0.00 Delinquent
July 2009 $183.35 $0.00 Delinquent
December 2009 $0.00 $47.59