Santa Rondon Group

Status: Ended with Loss - Defaulted

$575.00		Loan Request
$70.73		Paid Back

About the Group

Group Name:	Santa Rondon Group
Group Members:	Santa Rondon Ana Victoria Rosario Enedina Bello Carmen Feliz
Location:	Santo Domingo, Dominican Republic
Activity:	Retail

About the Loan

Loan Amount:	$575.00
Loan Use:	Purchase goods such as tablecloths and bedspreads for resale
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Nov 20, 2008
Date Disbursed:	Nov 13, 2008
Date Funded:	Nov 23, 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

Santa lives in La Victoria, a small and impoverished town outside Santo Domingo. She’s 27 years old and is the mother of two school-aged children. She’s a talented interior decorator who offers her services mostly to people the national district of Santo Domingo. She also sells tablecloths and decorative window curtains to people in her neighborhood.

Santa is very concerned about the lack of education of the children living in La Victoria. Two years ago, she started to teach some kids to write and learn, and now she’s thinking about opening a primary school to help more children get an education. Santa is currently attending a faculty of Education so that she can have the required qualifications for her school. For now, the entrepreneur keeps operating her business and offering her services. These activities are her principal source of income.

Santa is requesting a loan to buy more goods to retail in her neighborhood so that she can have enough money to maintain her family and support her studies.

Santa is joined in her group by these three women:

Ana Victoria Rosario, who sells used clothing
Enedina Bello, a footwear retailer
Carmen Feliz, who sells used clothing

Shown in the picture from left to right are: Carmen, Enedina, Ana Victoria, and Santa.

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

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Ineke
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Kiva B4B
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Brian
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HappilyMarriedArtists
Springfield, OH
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Gayle
Huntersville, NC
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Tarzan
Jackson, WY
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John
Alexandra Hills, Queensland
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bdarfler
Cambridge, MA
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Anonymous

Anna
Otago, New Zealand
New Zealand

Kay and Bob
Country Club Hills, IL
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Sanna
Helsinki,
Finland

Susan
Billerica, MA
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Barrie Medical Clinic
Barrie, Ontario
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Charles
Casa Grande, AZ
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Journal entries for Santa Rondon Group

Loan has been disbursed Entrepreneur: Santa Rondon Group Location: Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to the Santa Rondon group, consisting of Santa Rondon, Ana Victoria Rosario, Enedina Bello, Carmen Feliz 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 Santo Domingo, Dominican Republic Nov 24, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Santa Rondon Group Location: 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)

Repayment Schedule for Santa Rondon Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$47.92	$47.92	Repayment Received
February 2009	$95.84	$0.00	Delinquent
March 2009	$95.84	$0.00	Delinquent
April 2009	$95.84	$0.00	Delinquent
May 2009	$95.84	$0.00	Delinquent
June 2009	$143.72	$0.00	Delinquent
December 2009	$0.00	$22.81