Mujeres Esforzadas Group
Status: Paid Back
| $1,625.00 | Loan Request | |
|---|---|---|
| $1,625.00 | Paid Back |
About the Group
| Group Name: | Mujeres Esforzadas Group |
|---|---|
| Group Members: |
Yedelka Dominguez Raysa Bierd Nery Polan Maria Collado Ambrosia Ogando Elena Rafael Yfonia Dorcin Noiseli Montilla Horimena Charles Laura Martina |
| Location: | Puerto Plata, Dominican Republic |
| Activity: | Used Clothing |
About the Loan
| Loan Amount: | $1,625.00 |
|---|---|
| Loan Use: | Buying used clothing to mend and sell |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Dec 2, 2008 |
| Date Disbursed: | Nov 18, 2008 |
| Date Funded: | Dec 7, 2008 |
| Loan Ended: | Jun 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Esperanza International Dominican Republic, a partner of HOPE International |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 33 months |
| Kiva Entrepreneurs: | 7009 |
| Total Loans: | $1,612,225 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| 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 |
Horimena came to Esperanza International to try and receive a loan so she could start her own business. After many meetings and workshops, Horimena is ready to take out her first loan and start earning a steady income. She plans on starting her own business selling used clothing in her area. Though it is hard to even talk about her dreams for her children, she did say that she is excited to have her own business.
Her first goal is to grow her business so she can earn income to pay for her children's education. She said one day she does want to own a house, but she knows a lot of hard work lays ahead of her. She is ready to take the first step to a better life, and is hoping that this is the start of a better future for her whole family!
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 Mujeres Esforzadas Group
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Loan has been disbursed
Location: Puerto Plata, Dominican Republic
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Posted by
from Puerto Plata, Dominican Republic
Dec 7, 2008 |
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Comment on this entry
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Repayment Schedule for Mujeres Esforzadas Group
Repayment Schedule for Mujeres Esforzadas Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| February 2009 | $404.85 | $404.85 |  Repayment Received
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| March 2009 | $270.42 | $270.42 | Repayment Received
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| April 2009 | $270.83 | $270.83 | Repayment Received
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| May 2009 | $271.25 | $271.25 | Repayment Received
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| June 2009 | $271.66 | $271.65 | Repayment Received
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| July 2009 | $135.99 | $136.00 | Repayment Received
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