Ana Luisa Vicente's Group
Status: Ended with Loss - Defaulted
| $475.00 | Loan Request | |
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| $58.42 | Paid Back |
About the Group
| Group Name: | Ana Luisa Vicente's Group |
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| Group Members: |
Ana Luisa Vicente Martina De La Cruz Josefa Piña Corporina Vallejo Rivera Zunilda Medrano |
| Location: | Santo Domingo, Dominican Republic |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $475.00 |
|---|---|
| Loan Use: | To restart a small business of selling underwear. |
| 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 22, 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: | 35.5515 DOP = 1 USD |
Ana Luisa, a mother of 5 children, is the leader of the group. Her loan is to restart a small business of selling men’s and women’s underwear. Ana Luisa sold these items in the past, but a lack of capital forced her to stop the business. Now that she’ll receive this loan, she hopes that she’ll have success in her endeavor so she can provide a better lifestyle for her children.
The other members of the group are:
- Martina De La Cruz, a jewelry retailer
- Josefa Piña, who sells clothing
- Corporina Vallejo Rivera, who sells sweets and candies
- Zunilda Medrano, who sells used clothing
Shown in the picture from left to right are: Zulnilda, Martina, Ana Luisa, Corporina, and Josefa.
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 Ana Luisa Vicente's Group
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Loan has been disbursed
Location: Santo Domingo, Dominican Republic
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Posted by
from Santo Domingo, Dominican Republic
Nov 23, 2008 |
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Comment on this entry
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Update on your loan in the Dominican Republic
Location: Santo Domingo, 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 Ana Luisa Vicente's Group
Repayment Schedule for Ana Luisa Vicente's Group
| Expected Repayments | Actual Repayments | Comments | |||
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| January 2009 | $39.58 | $39.58 |  Repayment Received
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| February 2009 | $79.16 | $0.00 |  Delinquent
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| March 2009 | $79.16 | $0.00 | Delinquent
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| April 2009 | $79.16 | $0.00 | Delinquent
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| May 2009 | $79.16 | $0.00 | Delinquent
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| June 2009 | $118.78 | $0.00 | Delinquent
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| December 2009 | $0.00 | $18.84 | |||
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