Barbara Messon Figueora's Group

Status: Ended with Loss - Defaulted

$1,175.00		Loan Request
$144.52		Paid Back

About the Group

Group Name:	Barbara Messon Figueora's Group
Group Members:	Barbara Messon Figueora Heneria Heredia Brazoban Bernadina Leyba Mariano Maria Amparo Disla Juana Natividad Mendez Compre
Location:	Yamasa, Dominican Republic
Activity:	Grocery Store

About the Loan

Loan Amount:	$1,175.00
Loan Use:	To restock a grocery store.
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 29, 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

The leader of this group is Barbara Messon Figueora, who appears at the far left in the picture. Barbara is an experienced and confident businesswoman. She owns and operates a successful grocery store in her community, Hacienda Estrella. The entrepreneur started her business some years ago, and now her small store is well known and appreciated by people in the community who visit it every day to purchase a lot of products.

Due to the constant demand for products from her customers, Barbara needs to keep replenishing her store time and again. She is requesting a loan to buy various goods to add to her grocery store so that she can keep satisfying her clientele. The entrepreneur hopes that someday she’ll have enough money to provide a more comfortable lifestyle for her children. She’d like to travel and know other countries and cultures, too.

The optimistic Barbara is joined in her group by:

Heneria Heredia Brazoban, who sells empanadas
Bernadina Leyba Mariano, who owns a mini-market
Maria Amparo Disla, who operates a beauty salon
Juana Natividad Mendez Compre, who sells jewelry

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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Sverker
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Ineke
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Scott
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Christian
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Austin
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Sam
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Mark
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Greg
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Sara
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Craig & Mary
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Gaila
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Beth
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Evan
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Demerise

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Rob S.
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teresa and rick
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Megan

Kathleen
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Wonga.com
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Lawrence
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Pat
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Robert
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Marc
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Thor
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Denise
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Journal entries for Barbara Messon Figueora's Group

Loan has been disbursed Entrepreneur: Barbara Messon Figueora's Group Location: Yamasa, Dominican Republic Thank you for your loan. It has been disbursed to the Barbara Messon Figueora group, consisting of Barbara Messon Figueora, Heneria Heredia Brazoban, Bernadina Leyba Mariano, Maria Amparo Disla, Juana Natividad Mendez Compre 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 Yamasa, Dominican Republic Nov 30, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Barbara Messon Figueora's Group Location: Yamasa, 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 Barbara Messon Figueora's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$97.92	$97.92	Repayment Received
February 2009	$195.84	$0.00	Delinquent
March 2009	$195.84	$0.00	Delinquent
April 2009	$195.84	$0.00	Delinquent
May 2009	$195.84	$0.00	Delinquent
June 2009	$293.72	$0.00	Delinquent
December 2009	$0.00	$46.60