Angel


Status: Paying Back

$1,125.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Angel
Location: San Pedro De Macorís, Dominican Republic
Activity: Butcher Shop

About the Loan

Loan Amount: $1,125.00
Loan Use: Raising and selling pigs
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 7, 2009
Date Disbursed: Oct 7, 2009
Date Funded:Oct 10, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:35.9200 DOP = 1 USD



Angel is a 40-year-old borrower who lives in Ingenio Angelina, a small community north of San Pedro de Macorís, Dominican Republic. Angel lives with two of his four children, his wife, and his mother. He operates a carnicería, or butcher shop, in which he specializes in the sales of pork.

Angel runs a very successful business, and this is his fifth loan with Esperanza. He purchases the piglets, raises them, and then prepares the meat to sell to his community. He oversees the entire process, from start to finish. This way, Angel can guarantee the quality of the meat he is selling to his customers. Also, if a customer wants another type of meat, Angel will find the best cuts possible and deliver them.

With the profits from his business, Angel hopes to buy a small van he can use to get around the country. He would be able to transport the animals much more easily, and expand his customer base. He also has two children who are in university in different cities, and with a van he would be able to see them more frequently. Thank you for your loan to Angel!


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Journal entries for Angel


Loan has been disbursed
 
Entrepreneur: Angel
Location: San Pedro De Macorís, Dominican Republic

Thank you for your loan. It has been disbursed to Angel by Esperanza International Dominican Republic, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the 11 months of this loan, Esperanza International Dominican Republic, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from San Pedro De Macorís, Dominican Republic
Oct 11, 2009
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Kiva Help Repayment Schedule for Angel

  Expected Repayments Actual Repayments Comments
January 2010 $76.88 Available Jan 1  
February 2010 $79.60 Available Feb 1  
March 2010 $82.41 Available Mar 1  
April 2010 $85.34 Available Apr 1  
May 2010 $88.34 Available May 1  
June 2010 $91.48 Available Jun 1  
July 2010 $94.71 Available Jul 1  
August 2010 $98.06 Available Aug 1  
September 2010 $101.53 Available Sep 1  
October 2010 $105.12 Available Oct 1  
November 2010 $108.84 Available Nov 1  
December 2010 $112.69 Available Dec 1