Yeseny Medina Leyba's Group

Status: Ended with Loss - Defaulted

$1,100.00		Loan Request
$143.27		Paid Back

About the Group

Group Name:	Yeseny Medina Leyba's Group
Group Members:	Yeseny Medina Leyba Escolastica Santana Javier Lucrecia Reyes Calletano Carmen Canela Martinez Eduvigis Figueroa Javier
Location:	Yamasa, Dominican Republic
Activity:	Clothing Sales

About the Loan

Loan Amount:	$1,100.00
Loan Use:	To purchase clothing to retail during the Christmas period
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 21, 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

Yesseny, the leader of this group, is a 38-year old woman and a single mother of 3 children. She’s been selling clothing in her community for several years, and her business has been the principal source of income for her family. Yesseny exemplifies an important class of women: women who live in very needy conditions but who do their utmost to make positive changes in their families through their hard work.

In the early days of her business, thing were really hard for Yesseny, and maintaining the cash flow was challenging. With persistence and courage, she kept working at her business until she captured lots of clients, who remain loyal to her. Her strategy had very good results, and now her business is well-known in the community.

This loan is to buy new and fashionable clothing to sell during the Christmas period. The entrepreneur hopes that her business will allow her to provide a better lifestyle for her children.

Yesseny will receive her loan together with these women:

Escolastica Santana Javier, who sells pants and blouses
Lucrecia Reyes Calletano, who sells footwear
Carmen Canela Martinez, who runs a grocery store
Eduvigis Figueroa Javier, who operates a beauty salon

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

Kiva B4B
Spring House, PA
United States

Oei Reymon Hartono
Jakarta, DKI Jakarta
Indonesia

Tom Fitzpatrick
New Hampton, NH
United States

Louis
St. Cloud, MN
United States

Solaiman Rahim
San Francisco, CA
United States

Linda

The Y Family
San Antonio, TX
United States

Brian

Bema
Europe,
Germany

Oscar
San Gabriel, CA
United States

Don
Jefferson City, MO
United States

penny
orillia, Ontario
Canada

Kathryn
New Orleans, LA
United States

Suzanne
Toronto, Ontario
Canada

Kirsi
Laihia,
Finland

Anonymous
Newark, NJ
United States

Barbara
Redwood City, CA
United States

Terry
everett, Ontario
Canada

Amanda
Manahawkin, NJ
United States

Steven
Gilbert, AZ
United States

Top Lending Teams for this group

Para México
Common Interest
197 Members

Kiva Team Germany
Local Area
529 Members

Team Obama
Common Interest
3022 Members

Finland
Local Area
293 Members

SIFE Microlending
Colleges/Universities
272 Members

Journal entries for Yeseny Medina Leyba's Group

Loan has been disbursed Entrepreneur: Yeseny Medina Leyba's Group Location: Yamasa, Dominican Republic Thank you for your loan. It has been disbursed to the Yeseny Medina Leyba group, consisting of Yeseny Medina Leyba, Escolastica Santana Javier, Lucrecia Reyes Calletano, Carmen Canela Martinez, Eduvigis Figueroa Javier 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 22, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Yeseny Medina Leyba'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 (58)

Repayment Schedule for Yeseny Medina Leyba's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$100.00	$100.00	Repayment Received
February 2009	$200.00	$0.00	Delinquent
March 2009	$200.00	$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	$43.27