Carmen Xiomara Mejia Morales's Group


Status: Ended with Loss - Defaulted

$1,300.00   Loan Request
$56.25   Paid Back

About the Group

Group Name: Carmen Xiomara Mejia Morales's Group
Group Members: Carmen Xiomara Mejia Morales
Segunda Mejia Javier
Teodora Cabrera
Yenni Isabel Peralta Garcia
Location: Monte Plata, Dominican Republic
Activity: Cloth & Dressmaking Supplies

About the Loan

Loan Amount: $1,300.00
Loan Use: Purchase of clothing to sell during the holidays
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 9, 2008
Date Disbursed: Dec 3, 2008
Date Funded:Dec 11, 2008

About the Country

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



Carmen Xiomara is a single and positive woman living with her parents in Sabana Grande de Boyá, a community located in Monte Plata, about two hours northeast of Santo Domingo. She’s a primary school teacher. To diversify her income, she also sells women’s clothing in her neighborhood.

Carmen Xiomara is a good dressmaker. She’d like to have her own sewing workshop, but she doesn’t have the required materials nor does she have enough money to purchase them. She’ll keep saving money so that someday she can have her workshop.

Carmen feels strong concern for children who don’t have the opportunity to attend school. She plans to expand a small organization she started recently with other teachers. Beginning next January, she expects to receive funds from different social organizations and utilize them to improve education and alleviate hunger of unprivileged children. We hope that Carmen will succeed in her endeavor, since there are many children that need this help.

Carmen has requested a loan to buy more clothing to retail during the holiday’s period. She says that she’ll do her utmost to repay it quickly so that she can take a larger loan very soon.

Carmen will receive her loan together with the following women:
Segunda Mejia Javier, who sells used and new clothing;
Teodora Cabrera, who sells jewelry;
Yenni Isabel Peralta Garcia, who sells footwear;

In the picture, Carmen Xiomara is first on the left.





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

Subscribe

Lenders to this group

Kari
Seattle, WA
United States

Christine
Folsom, CA
United States

Ramona
KivaFriends.org, Berlin
Germany

Kiva Friends Quilt Fund
www.kivafriends.org,

Carolyn
Lone Jack, MO
United States

Glenda
www.kivafriends.org, Madison, WI
United States

Terry
KivaFriends.org , St. Louis, MO
United States

Vida & Don
Eudora, Kansas
United States

Karen
Portland, OR
United States

Bernard
Baltimore, MD
United States

Dorothy
Toronto, Ontario
Canada

Elizabeth
St. Paul, MN, www.kivafriends.org
United States

Sarah
Seattle, WA
United States

Anonymous
Palm Bay, FL
United States

Ms. Brescher
Alameda, CA
United States

Brian
Mississauga, Ontario
Canada

Anonymous
New York, NY
United States

Yuvaraja Subramaniam
Erode, Tamil Nadu
India

Vicki
Shawnee, OK
United States

Gerald
Winnipeg, Manitoba
Canada

Roger
Severna Park, MD
United States

John
Bethesda, MD
United States

ronald
Toronto, ONtario
Canada

Laura
Victoria, British Columbia
Canada

Graeme
Orlando, FL
United States

Doug Wilson
Colorado Springs, CO
United States

Nicole
Renton, WA
United States

Lou
Sanbornton, NH
United States

Lisa & Ellen
Philadelphia, PA
United States

Simo
Livonsaari, Finland
Finland

Paul
Houston, TX
United States

Letizia
Acireale, Catania
Italy

Sally
Zeeland, MI
United States

Par

nick
jamestown, RI
United States



Top Lending Teams for this group


Stanford University
Colleges/Universities
190 Members

Lockwood DMM
Businesses
4 Members

Berlin
Local Area
71 Members

KIVA Shopping Club
Clubs
84 Members

University of Maryland
Colleges/Universities
40 Members

Journal entries for Carmen Xiomara Mejia Morales's Group


Loan has been disbursed
 
Entrepreneur: Carmen Xiomara Mejia Morales's Group
Location: Monte Plata, Dominican Republic

Thank you for your loan. It has been disbursed to the Carmen Xiomara Mejia Morales group, consisting of Carmen Xiomara Mejia Morales, Segunda Mejia Javier, Teodora Cabrera, Yenni Isabel Peralta Garcia 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 Monte Plata, Dominican Republic
Dec 12, 2008
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: Carmen Xiomara Mejia Morales's Group
Location: Monte Plata, 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)

Kiva Help Repayment Schedule for Carmen Xiomara Mejia Morales's Group

  Expected Repayments Actual Repayments Comments
February 2009 $216.66 $0.00 Delinquent
March 2009 $216.66 $0.00 Delinquent
April 2009 $216.66 $0.00 Delinquent
May 2009 $216.66 $0.00 Delinquent
June 2009 $216.66 $0.00 Delinquent
July 2009 $216.70 $0.00 Delinquent
December 2009 $0.00 $56.25