Maria Altagracia Castro Paulino Group


Status: Ended with Loss - Defaulted

$1,200.00   Loan Request
$147.59   Paid Back

About the Group

Group Name: Maria Altagracia Castro Paulino Group
Group Members: Maria Altagracia Castro Paulino
Maria Antonia Espinosa
Maria Bienvenida Rosario
Cristina Belen Maria
Lucitania Suarez Mejia
Location: Cotuí, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $1,200.00
Loan Use: To start selling underwear.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 21, 2008
Date Disbursed: Nov 7, 2008
Date Funded:Nov 26, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.5515 DOP = 1 USD



Maria Altagracia has the ability to be a great and successful businesswoman. She is a visionary person and sees business opportunities that most people ignore. At the same time, she’s very realistic and studies the viability of things before undertaking them. Maria Altagracia lives with her 3-year-old daughter. In addition to supporting her child, Altagracia has to support her own studies. She is separated from her husband, so she has to make ends meet on her own.
In order to increase her income, Maria Altagracia has requested a loan to start selling men’s and women’s underwear in her community. She’s very confident and believes she’ll have success in her endeavor. With profits from this business, Altagracia will be able to cover some household expenses and support her child’s education. Maria Altagracia says that things are very difficult, but she promises she’ll do her best to make her business successful and to repay her loan quickly.
Maria Altagracia is joined in her group by the following women:
Maria Antonia Espinosa, who sells used and new clothing;
Maria Bienvenida Rosario, who operates a fruit stand;
Cristina Belen Maria, who operates a fruit and vegetable stand; and
Lucitania Suarez Mejia, a clothing retailer.
The picture shows from left to right: Maria Altagracia, Maria Antonia, Maria Bienvenida, Cristina and Lucitania.




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

Anonymous
Charlotte, NC
United States

Anonymous
Bellingham, WA
United States

Michelle
Racine, WI
United States

NoVES
Vienna, VA
United States

Mary
Taipei, Taiwan
Taiwan

Travis
Fort McMurray, Alberta
Canada

Carlos
Miami, FL
United States

Fredrik
Stockholm,
Sweden

Michael
Ann Arbor, MI
United States

Daryl
Toronto, Ontario
Canada

Denise
San Rafael, CA
United States

Bill
Minneapolis, MN
United States

Alicia
Eden Prairie, MN
United States

Paul
Perth, Western Australia
Australia

Paul
eugene, OR
United States

Steven
Phoenix, Arizona
United States

Johnston Heights Sec
Surrey, British Columbia
Canada

Vivian
Forest Hills, NY
United States

Raymond
Nevada City, CA
United States

elisabeth
malm,
Sweden

Chad
North Richland Hills, TX
United States

Anonymous

Anonymous
Ithaca, NY
United States

Anita
Dubuque, IA
United States

Bill
Phenix City, AL
United States

Nick
Apex, NC
United States

Anonymous
West Lebanon, NH
United States

Susan
Custer, WA
United States



Top Lending Teams for this group


Kiva Christians
Friends
3089 Members

Team Obama
Common Interest
3019 Members

Crazy Canucks
Local Area
712 Members

Journal entries for Maria Altagracia Castro Paulino Group


Loan has been disbursed
 
Entrepreneur: Maria Altagracia Castro Paulino Group
Location: Cotuí, Dominican Republic

Thank you for your loan. It has been disbursed to the Maria Altagracia Castro Paulino group, consisting of Maria Altagracia Castro Paulino, Maria Antonia Espinosa, Maria Bienvenida Rosario, Cristina Belen Maria, Lucitania Suarez Mejia 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 Cotuí, Dominican Republic
Nov 27, 2008
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: Maria Altagracia Castro Paulino 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 (57)

Kiva Help Repayment Schedule for Maria Altagracia Castro Paulino Group

  Expected Repayments Actual Repayments Comments
January 2009 $100.00 $100.00 Repayment Received
February 2009 $200.00 $0.00 Delinquent
March 2009 $300.00 $0.00 Delinquent
April 2009 $200.00 $0.00 Delinquent
May 2009 $200.00 $0.00 Delinquent
June 2009 $200.00 $0.00 Delinquent
December 2009 $0.00 $47.59