Trabajadoras Sociales Group


Status: Paid Back

$2,200.00   Loan Request
$2,200.00   Paid Back

About the Group

Group Name: Trabajadoras Sociales Group
Group Members: Andrea Martinez
Francisca Hernandez
Elida Martinez
Lourdes Pena
Ana Ulloa
Maribel Rodrigu
Nahiroby Ramire
Lourdes Valerio
Juan De Jesus
Germania Martine
Location: Puerto Plata, Dominican Republic
Activity: Food Production/Sales

About the Loan

Loan Amount: $2,200.00
Loan Use: These people would like to improve their small businesses.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 2, 2008
Date Disbursed: Nov 18, 2008
Date Funded:Nov 4, 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:35.2370 DOP = 1 USD



"Trabajadoras Sociales" is a group that is trying to receive loans to start the process to a better life. Each member in this group is looking to try and expand their small businesses and start increasing their incomes. Andrea is the group representative and has a small business selling food. She took her first loan and bought food products and now makes empanadas and sells them in her area. With this next loan she wants to sell a bigger variety of food, and wants to start selling food in other neighborhoods as well. She has two very young children, and wants nothing more than a better life for her kids. She told me that she dreams of having enough money to send them to college and to allow them to have a better life. Her dream for her business is to have her own restaurant someday. This whole group is excited about the new possibilities that are arising, and are ready to take advantage of this loan and this opportunity to better their lives.
On behalf of Andrea, 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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Journal entries for Trabajadoras Sociales Group


Loan has been disbursed
 
Entrepreneur: Trabajadoras Sociales Group
Location: Puerto Plata, Dominican Republic

Thank you for your loan. It has been disbursed to the Trabajadoras Sociales group, consisting of Andrea Martinez, Francisca Hernandez, Elida Martinez, Lourdes Pena, Ana Ulloa, Maribel Rodrigu, Nahiroby Ramire, Lourdes Valerio, Juan De Jesus, Germania Martine 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 19, 2008
Comments (1)

Kiva Help Repayment Schedule for Trabajadoras Sociales Group

  Expected Repayments Actual Repayments Comments
February 2009 $366.67 $366.67 Repayment Received
March 2009 $366.67 $366.67 Repayment Received
April 2009 $366.67 $366.67 Repayment Received
May 2009 $366.67 $366.67 Repayment Received
June 2009 $366.67 $366.66 Repayment Received
July 2009 $366.65 $366.66 Repayment Received