Carolina Batista Guerrero's Group


Status: Ended with Loss - Defaulted

$1,475.00   Loan Request
$181.42   Paid Back

About the Group

Group Name: Carolina Batista Guerrero's Group
Group Members: Carolina Batista Guerrero
Lovely Deralus
Yrland Jean
Lowise Marie Meteluz
Rojeline Fransua
Location: San Luis, Community Of Santo Domingo, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $1,475.00
Loan Use: To start selling underwear and clothing in the community.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 18, 2008
Date Disbursed: Nov 10, 2008
Date Funded:Nov 21, 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



Carolina is a young and perseverant woman who is looking forward to making a living, supporting her studies and contributing to her family’s income. Carolina lives with her parents who are not working currently. She wants to start selling women’s underwear and clothing in her community. Carolina explains that she had been thinking about starting her business months ago, but the access to credit is very limited in the sector. She considers receiving a loan from our microcredit program a golden opportunity, and she swears she’ll do her utmost to make her business grow so that she can reach her goals. Carolina would like to study marketing at the university. She says that a good education is the only way for her to escape poverty.
Carolina will receive her loan together with the following women, all of whom sell clothing in the community:
Lovely Deralus
Yrland Jean
Lowise Marie Meteluz
Rojeline Fransua
The picture shows from left to right: Carolina, Lovely, Yrland, Lowise and Rojeline.





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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Lenders to this group

Betsy
Kailua, HI
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Peter
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Anonymous
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Jonah
Boston, MA
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Laurence
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Tammara
Madison, WI
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Nathaniel
Killeen, TX
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Zane

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Susanne
Oakham, MA
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Jim
Colorado Springs, Colorado
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Barrie Medical Clinic
Barrie, Ontario
Canada

Jean-Claude
Versailles,
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TMPAA
Wilmington, DE
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Tim
Miami Shores, FL
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FUMC COPPELL TX MISSIONS
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Patrick
Portage, MI
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Randi
Denver, CO
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Patti
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Anonymous
Soda Springs, CA
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Jessica
San Francisco, CA
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Gail
San Jose, CA
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Sally
Sauk City, WI
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Projectline
Seattle, WA
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Journal entries for Carolina Batista Guerrero's Group


Loan has been disbursed
 
Entrepreneur: Carolina Batista Guerrero's Group
Location: San Luis, Community Of Santo Domingo, Dominican Republic

Thank you for your loan. It has been disbursed to the Carolina Batista Guerrero group, consisting of Carolina Batista Guerrero, Lovely Deralus , Yrland Jean, Lowise Marie Meteluz, Rojeline Fransua 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 Luis, Community Of Santo Domingo, Dominican Republic
Nov 22, 2008
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: Carolina Batista Guerrero's Group
Location: San Luis, Community Of Santo Domingo, 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 Carolina Batista Guerrero's Group

  Expected Repayments Actual Repayments Comments
January 2009 $122.92 $122.92 Repayment Received
February 2009 $245.84 $0.00 Delinquent
March 2009 $245.84 $0.00 Delinquent
April 2009 $245.84 $0.00 Delinquent
May 2009 $368.76 $0.00 Delinquent
June 2009 $245.80 $0.00 Delinquent
December 2009 $0.00 $58.50