Ebenezer Group


Status: Paid Back

$1,000.00   Loan Request
$1,000.00   Paid Back

About the Group

Group Name: Ebenezer Group
Group Members: Eunice Zorrilla
Yrene Zanchez
Ana Santana
Yocaliza Reyes
Bartolina Sosa
Location: Hato Mayor, Dominican Republic
Activity: Beauty Salon

About the Loan

Loan Amount: $1,000.00
Loan Use: purchase new products for her beauty salon
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 20, 2009
Date Disbursed: Jan 23, 2009
Date Funded:Jan 20, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.8220 DOP = 1 USD



Eunice Zorrilla is a single mother of three children, ages 22, 13, and 10. She is the group coordinator for Group Five of the Ebenezer Bank of Hope in Hato Mayor, Dominican Republic. This is the first loan that this group of five will receive, and they expect to make their businesses grow thanks to it.



Eunice´s business is a beauty salon. She will use her loan to purchase new products to do her everyday work. Her hopes are that this first loan will help her achieve her dreams of owning a bigger salon and a house of her own. From the profits she obtains, thanks to the improvements she makes in her business with this loan, she expects to help pay for her children´s school and college tuition.



Thank you for supporting this group. Let´s help build the dreams of these brave women!



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 Ebenezer Group


Loan has been disbursed
 
Entrepreneur: Ebenezer Group
Location: Hato Mayor, Dominican Republic

Thank you for your loan. It has been disbursed to the Eunice Zorrilla group, consisting of Eunice Zorrilla, Yrene Zanchez, Ana Santana, Yocaliza Reyes, Bartolina Sosa 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 Hato Mayor, Dominican Republic
Jan 23, 2009
Comment on this entry

Kiva Field Update - Message from the Dominican Republic
 
Entrepreneur: Ebenezer Group
Location: Hato Mayor, Dominican Republic

Dear Esperanza lenders,

As you may know, all entrepreneur profiles on Kiva’s website are posted by local Field Partners like Esperanza, whose mission is to “free children and their families from poverty through initiatives that generate income, education, and health, restoring self-worth and dignity to those who have lost hope.” As a Kiva Fellow working with Esperanza International in the Dominican Republic and Haiti, I saw Esperanza’s mission at work most recently while visiting a batey.

For those that are not familiar with the term “batey,” it is a small, barrack-style community built and maintained by large sugar corporations. These communities are often completely surrounded by sugar cane fields, and often they lack basic resources such as clean drinking water, transportation, reliable electricity, and medicine. The majority of a batey’s members work in planting, cutting, and loading sugar cane for eight months of the year. The other four months are a stalemate, during which there are no sugar cane earnings.

In order to ensure continued earnings, one entrepreneur, Cloreta Yan, who lives on a rural batey, used her Kiva loan to open a small store in her house. Her community previously did not have a store where they might buy basic supplies, which meant that community members had to travel to nearby communities to shop. When my fellow Kiva Fellow Kalie Gold and I first visited Cloreta, she offered very basic supplies, such as sugar, oil, and rice. When I conducted a follow-up visit, she was selling over 20 items, including tobacco, ice, drinks, and cookies. She is now earning 600 pesos a week and, according to her loan officer, continues to expand the line of merchandise she sells.

Esperanza has supported 4,251 Kiva entrepreneurs thus far, resulting in approximately $200,000 loaned. Continually working to improve their organization, they have recently opened an office in Trau de Nord, Haiti. Esperanza continues to grow - thanks to Kiva lenders like you!

Staff members at various offices throughout the Dominican Republic visit their entrepreneurs frequently, and many of you will receive an update on an entrepreneur who received a loan contribution from you. Unfortunately, due to logistical and administrative constraints, reaching every entrepreneur for an update is just not possible, even with Esperanza’s dedicated team. Whether or not an update is provided on a specific entrepreneur to whom you made a loan, I hope that you have enjoyed this update on the impact that Esperanza has had with Kiva funds.

Finally, I would like to thank you personally for supporting an entrepreneur in Haiti or the Dominican Republic. It saddens me to realize that this letter marks the end of my time working with Kiva’s Field Partner Esperanza here in the Dominican Republic. For the last three months I have had the pleasure of working with Esperanza, visiting numerous Kiva entrepreneurs, and training staff members in writing business profile updates for Kiva lenders such as yourself.

To see all current fundraising loans from Esperanza on Kiva.org, please click here:

http://www.kiva.org/app.php?page=businesses&partner_id=44&status=Fundraising&sortBy=New+to+Old&_te=mj&_te=mj

To see a short YouTube video on Cloreta Yan, please click here:

http://www.youtube.com/watch?v=8reiqg1pbBo&_te=mj

On behalf of Kiva, Esperanza, and its entrepreneurs, we thank you for your continued support.


Posted by JD Bergeron, Kiva Staff, from San Francisco, United States
Jun 11, 2009
Comments (14)

Kiva Help Repayment Schedule for Ebenezer Group

  Expected Repayments Actual Repayments Comments
April 2009 $166.03 $166.03 Repayment Received
May 2009 $166.28 $166.28 Repayment Received
June 2009 $166.54 $166.53 Repayment Received
July 2009 $250.28 $250.28 Repayment Received
August 2009 $167.18 $170.03 Repayment Received
September 2009 $83.69 $80.85 Repayment Received