Felicia Candelario's Group
Status: Ended with Loss - Defaulted
| $1,050.00 | Loan Request | |
|---|---|---|
| $212.86 | Paid Back |
About the Group
| Group Name: | Felicia Candelario's Group |
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| Group Members: |
Felicia Candelario Ana Julia Paula Teresa Estevez Abelita Pie Aguit Maria Castro Colon |
| Location: | Yamasa, Dominican Republic |
| Activity: | Personal Products Sales |
About the Loan
| Loan Amount: | $1,050.00 |
|---|---|
| Loan Use: | To start a small business selling perfumes, deodorants and similar products |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Nov 4, 2008 |
| Date Disbursed: | Oct 29, 2008 |
| Date Funded: | Nov 13, 2008 |
About the Field Partner
About the Field Partner
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| Field Partner: | Fundación San Miguel Arcángel, Inc. (FSMA) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Closed |
| Time On Kiva: | 29 months |
| Kiva Entrepreneurs: | 2017 |
| Total Loans: | $593,750 |
| Delinquency Rate: | N/A - No Paying Back Loans |
| Default Rate: | 27.80% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Dominican Republic |
|---|---|
| Avg Annual Income: | $7,611.00 |
| Currency: | Dominican Republic Pesos (DOP) |
| Exchange Rate: | 35.2445 DOP = 1 USD |
To improve her family's living conditions, Felicia plans to start selling perfumes, deodorants, beauty soaps, and so on. She'll be selling in the evening and will be visiting people in the neighborhood to promote her products. She also explains that once she gets considerable profits, she'll buy a small showcase so that she can display and sell some goods out of her house, too.
Felicia hopes this new venture will be successful and will help her change her life and her children's. Felicia is joined in her group by the following women: Ana Julia Paula, who retails fuel in the neighborhood; Teresa Estevez, who sells women's clothing; and Abelita Pie Aguit and Maria Castro Colon.
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 Felicia Candelario's Group
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Loan has been disbursed
Location: Yamasa, Dominican Republic
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Posted by
from Yamasa, Dominican Republic
Nov 14, 2008 |
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Comment on this entry
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Update on your loan in the Dominican Republic
Location: Yamasa, Dominican Republic
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Posted by
Michelle May Kreger, Kiva Staff, from San Francisco, United States
Aug 21, 2009 |
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Comments (57)
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Repayment Schedule for Felicia Candelario's Group
Repayment Schedule for Felicia Candelario's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2009 | $175.00 | $175.00 |  Repayment Received
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| February 2009 | $175.00 | $0.00 |  Delinquent
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| March 2009 | $175.00 | $0.00 | Delinquent
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| April 2009 | $175.00 | $0.00 | Delinquent
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| May 2009 | $175.00 | $0.00 | Delinquent
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| June 2009 | $175.00 | $0.00 | Delinquent
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| December 2009 | $0.00 | $37.86 | |||
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