Doracy


Status: Paying Back

$4,325.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Doracy
Location: Boston, Ma, United States
Activity: Clothing Sales

About the Loan

Loan Amount: $4,325.00
Loan Use: To buy more clothes to sell
Repayment Term: 24 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 8, 2009
Date Disbursed: Oct 11, 2009
Date Funded:Oct 18, 2009

About the Country

Country:United States
Avg Annual Income:$47,000.00
Currency:United States Dollars (USD)



When Doracy moved to the U.S., she had to close the lingerie store she had already set up in her home country, Brazil. Once she moved, she tried selling door-to-door the goods she had imported, but she found it to be very challenging - much more difficult than it was when she had her own store. Doracy saved every single penny in order to finally open her current storefront space here in the U.S. in 2006.

Not knowing English, or being able to access capital from a bank, Doracy overcame many obstacles to build her dream here in the U.S. Fortunately, she has been able to learn some English in order to communicate with her clients and also plans to move to a bigger and better location later this year.

This is Doracy’s third loan with ACCION USA, and she says that every one of her experiences has helped expand her business by allowing her to purchase more inventory, which she can find at better prices with cash rather than credit. She says that ACCION USA has made it possible for her to dream big, and she hopes to open a second store in a mall and be successful enough to buy her own house eventually.




Important Information About This Loan
Kiva realizes that access to credit is a challenge for entrepreneurs everywhere. Kiva started out as a website focused on developing-world entrepreneurs. In June 2009, Kiva began experimenting with allowing entrepreneurs in the United States to raise money on its website. If this is something you support, please feel free to fund this loan. If you have questions, including how an entrepreneur in your neighborhood might get a loan, please visit our Help Center and click on "Loans in the United States."

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Journal entries for Doracy


Loan has been disbursed
 
Entrepreneur: Doracy
Location: Boston, Ma, United States

Thank you for your loan. It has been disbursed to Doracy by ACCION USA in United States. We are excited to watch this business grow. Over the 22 months of this loan, ACCION USA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Boston, Ma, United States
Oct 19, 2009
Comment on this entry

Kiva Help Repayment Schedule for Doracy

  Expected Repayments Actual Repayments Comments
January 2010 $176.73 Available Jan 1  
February 2010 $178.51 Available Feb 1  
March 2010 $180.29 Available Mar 1  
April 2010 $182.09 Available Apr 1  
May 2010 $183.92 Available May 1  
June 2010 $185.75 Available Jun 1  
July 2010 $187.61 Available Jul 1  
August 2010 $189.49 Available Aug 1  
September 2010 $191.38 Available Sep 1  
October 2010 $193.30 Available Oct 1  
November 2010 $195.22 Available Nov 1  
December 2010 $197.19 Available Dec 1  
January 2011 $199.15 Available Jan 1  
February 2011 $201.15 Available Feb 1  
March 2011 $203.16 Available Mar 1  
April 2011 $205.19 Available Apr 1  
May 2011 $207.24 Available May 1  
June 2011 $209.31 Available Jun 1  
July 2011 $211.40 Available Jul 1  
August 2011 $213.52 Available Aug 1  
September 2011 $215.65 Available Sep 1  
October 2011 $217.75 Available Oct 1