Luz En La Tiniebla Group


Status: Paid Back

$2,500.00   Loan Request
$2,500.00   Paid Back

About the Group

Group Name: Luz En La Tiniebla Group
Group Members: Maria Kelly
Maria Figaro
Piterson Figaro
Genaro Dishmey
Emilia Dishmey
Valentina Kelly
Jaime Dishme
Marisol King
Maria Kelly
Melania Nival
Location: Samana, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $2,500.00
Loan Use: To start a business selling clothing.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 26, 2008
Date Disbursed: Nov 6, 2008
Date Funded:Dec 16, 2008
Loan Ended:May 15, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.5515 DOP = 1 USD



Maria Kelly is the representative of this group called "luz en la tiniebla". She was chosen because she is a very hardworking lady and is a perfect example of the type of person microcredit tries to work with. She is living in extreme poverty and trying to provide for her five young children. Each child is under the age of 16, and she even has a baby of nine months to care for. She realized that she wanted to be able to provide a good life for her children and hopefully get them out of their poverty. She is taking out a loan to try and make this dream a reality. She wants to start a small business making and selling clothing in her neighborhood. She dreams of increasing her business into a thriving clothing store. Her dream in life is to send all her children to college and have them be able to live out their dreams. She is very excited about this first step to a better life and is ready for the challenge!



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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Anonymous

YayMicro.com
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Anna
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Patti
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Susan
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Lane
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Solveig
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Mary Fran & Phil
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kapa
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Maxine
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Anonymous
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Vermonter
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Jing
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First Lutheran Youth
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Emily
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Nazaret
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Sandy
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Judith
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Courtney
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Jason Todd
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Mark
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Chandra
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Luke
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Wendy
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Anonymous
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Bridgid
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One Horizon Foundation
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mary
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Catherine
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Bob
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Ryan
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Joost
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tiffani
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james
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CHUNGHAN
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Anonymous
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Lynn
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Richard
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Colin & Helen
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Tim & Meg
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George and Lisa
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Laurie
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Alex
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Audrey
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Samuel
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Claudy
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Anonymous
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Anonymous

alice
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Anonymous
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Judy
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Donald
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Rebecca
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Journal entries for Luz En La Tiniebla Group


Loan has been disbursed
 
Entrepreneur: Luz En La Tiniebla Group
Location: Samana, Dominican Republic

Thank you for your loan. It has been disbursed to the Maria Kelly group, consisting of Maria Kelly, Maria Figaro, Piterson Figaro, Genaro Dishmey, Emilia Dishmey, Valentina Kelly, Jaime Dishme, Marisol King, Maria Kelly, Melania Nival by Esperanza International, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the 5 months of this loan, Esperanza International, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Samana, Dominican Republic
Dec 17, 2008
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Kiva Help Repayment Schedule for Luz En La Tiniebla Group

  Expected Repayments Actual Repayments Comments
February 2009 $622.85 $622.84 Repayment Received
March 2009 $624.27 $624.27 Repayment Received
April 2009 $416.98 $416.98 Repayment Received
May 2009 $417.62 $417.62 Repayment Received
June 2009 $418.28 $418.29 Repayment Received