Claudia Cristobalina Tejeda Rodriguez's Group

Status: Ended with Loss - Defaulted

$1,425.00		Loan Request
$175.27		Paid Back

About the Group

Group Name:	Claudia Cristobalina Tejeda Rodriguez's Group
Group Members:	Claudia Cristobalina Tejeda Rodriguez Venerada De Leon Heredia Oliva De Los Santos Kenia Rosario Decena Gregoria Tejeda Javier
Location:	San Cristobal, Dominican Republic
Activity:	Clothing Sales

About the Loan

Loan Amount:	$1,425.00
Loan Use:	To invest in used clothing to retail in the community.
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Nov 15, 2008
Date Disbursed:	Nov 5, 2008
Date Funded:	Nov 15, 2008

About the Field Partner

Field Partner:

Fundación San Miguel Arcángel, Inc. (FSMA)

Field Partner Risk Rating:

(Learn more)

Closed

29 months

2017

$593,750

N/A - No Paying Back Loans

Default Rate:

27.80%

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:	35.5515 DOP = 1 USD

In Villega, a secluded community of San Cristobal, lives Claudia. She’s 24 years old and a proud mother of 3 children who attend school. Currently, her husband’s job is the only source of income for the family, and his low wages are not sufficient to support the children. Claudia no longer wants to have her arms folded, and would like to have the opportunity to contribute to her family’s income. She’s requested a microloan to start a small business of selling women’s clothing in her community.

Claudia was very happy and could hardly stifle her joy when she knew that she could apply for a loan to begin her small business. In effect, it’s really hard for people living in Villega to get a loan from the banks. Claudia is very confident, and she says that she’ll do her best to make her business successful and to repay the loan.

Claudia is joined in her group by:

Venerada De Leon Heredia, who retails clothing;
Oliva De Los Santos, who sells women’s and kid’s clothing;
Kenia Rosario Decena and Gregoria Tejeda Javier, both of whom sell silver-plated jewelry.
In the picture, from left to right: Claudia, Venerada, Oliva, Kenia and Gregoria.

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

William
Lebanon, TN
United States

KCwomentowomen
Olathe, KS
United States

Azon and Anthony
Jersey City, NJ
United States

Claudia
Williamsville, NY
United States

Anonymous
Ormond Beach,, FL
United States

M&G
Laguna Beach, CA
United States

Betty and Bob
saint louis, MO
United States

Jared
Youngsville, NM
United States

Steven
Horton in Ribblesdale, North Yorkshire
United Kingdom

Marion
Pittsboro, NC
United States

Debbie and Mike
Henderson, NV
United States

Karen
Huntington Beach, CA
United States

Shawn
Kirkland, WA
United States

Peter
Darwin, Northern Territory
Australia

Anonymous
Lisboa, Portugal
Portugal

Michael
Vanloese,
Denmark

Steve
Atlanta, GA
United States

Nancy
San Rafael, CA
United States

Ann
Neenah, WI
United States

Daniel & Leah
San Antonio, TX
United States

Tom & Joy
Beltsville, MD
United States

Alison
San Jose, CA
United States

SCOTT AND BECKY
Fitchburg, WI
United States

Margaret
Dauphin, Manitoba
Canada

Miracle Noodle Team
Santa Monica, CA
United States

Radha and Srikanth
Calgary, Alberta
Canada

Adene
Toronto, Ontario
Canada

Aaron
LaVista, NE
United States

Janice
Bethel, NC
United States

Kay
Brooklyn Park, MN
United States

Ben W.
Fayetteville, AR
United States

Ed
Sicklerville, NJ
United States

Erick

United States

Jule
Vancouver, British Columbia
Canada

Anonymous
Sandy Bay, Tasmania
Australia

John
Staten Island, NY
United States

Steve
Crookston, MN
United States

lowell
san anselmo, CA
United States

Top Lending Teams for this group

Women Cheering Women
Common Interest
47 Members

Denmark
Local Area
208 Members

Miracle Noodle Team
Other
30 Members

UC Berkeley Campus Kiva
Colleges/Universities
120 Members

Journal entries for Claudia Cristobalina Tejeda Rodriguez's Group

Loan has been disbursed Entrepreneur: Claudia Cristobalina Tejeda Rodriguez's Group Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to the Claudia Cristobalina Tejeda Rodriguez group, consisting of Claudia Cristobalina Tejeda Rodriguez, Venerada De Leon Heredia, Oliva De Los Santos, Kenia Rosario Decena, Gregoria Tejeda Javier by Fundación San Miguel Arcángel, Inc. (FSMA) in Dominican Republic. We are excited to watch this business grow. Over the next 5 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 San Cristobal, Dominican Republic Nov 16, 2008
Comments (4)

Update on your loan in the Dominican Republic Entrepreneur: Claudia Cristobalina Tejeda Rodriguez's Group Location: San Cristobal, 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)

Repayment Schedule for Claudia Cristobalina Tejeda Rodriguez's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$118.75	$118.75	Repayment Received
February 2009	$356.25	$0.00	Delinquent
March 2009	$237.50	$0.00	Delinquent
April 2009	$237.50	$0.00	Delinquent
May 2009	$237.50	$0.00	Delinquent
June 2009	$237.50	$0.00	Delinquent
December 2009	$0.00	$56.52