Antonia Marte Claudio


Status: Paid Back

$375.00   Loan Request
$375.00   Paid Back

About the Entrepreneur

Name: Antonia Marte Claudio
Location: Yamasa, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $375.00
Loan Use: Antonia will now be able to buy more "pacas" which she expects to need on a weekly basis, as opposed to her now bi-weekly capability. As well, she plans to eventually upgrade her purchasing capacity to the A packs. (see explanation below)
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 6, 2007
Date Disbursed: Sep 21, 2007
Date Funded:Sep 7, 2007
Loan Ended:Mar 21, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:United States Dollars (USD)



Antonia has been living in this house for over 14 years. She still lives here with her husband and 4 kids. For the past few years, she has had to take become the mainstay of the family's economic survival, as her husband hasn't had a steady job for quite some time! Occasionally he works as a hired hand in agricultural duties (the area has a lot of cocoa farming, and there's a need for laborers at the time of hand-picking of this precious fruit! He now works assisting her in her clothing sales, by delivering the goods and doing some collections himself!

The clothing Antonia sells comes from “pacas” (or packs of pressed new and used clothing which Dominicans can buy from donations to the poor on the Haitian side of the island, which the people bring over to the Dominican Republic in order to sell them and thus, be able buy food and groceries). “Pacas” come in at least three types: Type A, B and C. Type A packs are mostly of “premium” goods, as they contain new items, often from signature brands, and which command a ‘premium’ price, for obvious reasons. On type A’s (worth between USD$300 to $400) there is more income to be made, as they can be sold to a higher income bracket customer. However, Antonia tells us thus far she has only been able to buy type B “pacas” (worth some USD$250 to $300 mainly dependent upon the composition and proportion of the new/used portions of clothing to be found on them) which is obviously of a lower quality from those on the type A group. Finally the type C “pacas” (costing anywhere from USD$100 to $250, each) are the cheapest, obviously consisting of used clothing or new of lower quality. “Paca” buyers must trust their intermediaries, as the insides are not able to be seen until the packs are opened. Normally the “pacas” are opened and sold on a piece by piece fashion, which will bring the largest return on the sales. However, those go to the Haiti-Dominican Rep. border in order to buy the “pacas”, as Antonia does, can buy them at lower prices than those that might be found in or near the cities, such as Santo Domingo. The trip to the border costs somewhere in the neighborhood of USD$25-30 each way, expensive, but there’s no other way… Of course, both the sacrifice as well as the cost is recuperated a few times over, once the “paca” buyer has been able to do the purchasing and transportation to the end market’s territory. The unopened “pacas” can command up to three times the value over their original cost once brought into the final market areas, as the owner/buyer is able to maintain the quality standards customary to their customers. But most prefer to have the larger income product, which may be brought in selling them piecemeal!

Antonia wishes to be able to have her kids grow, become good citizens and show their love for the country! This she plans making via sufficient income in order to be able to pay for their transportation, and daily needs with school. She’s never had a type A “pack”, as she’s only been able to pay for a maximum of the “B’s” value. Eventually, she’ll be able to buy the As type, as she’ll receive more good and larger loans.

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Journal entries for Antonia Marte Claudio


Loan has been disbursed
 
Entrepreneur: Antonia Marte Claudio
Location: Yamasa, Dominican Republic

Thank you for your loan. It has been disbursed to Antonia Marte Claudio by Fundación San Miguel Arcángel, Inc. in Dominican Republic. We are excited to watch this business grow. Over the next 6 - 12 months, Fundación San Miguel Arcángel, Inc. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Yamasa, Dominican Republic
Sep 21, 2007
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Kiva Help Repayment Schedule for Antonia Marte Claudio

  Expected Repayments Actual Repayments Comments
December 2007 $62.50 $63.00 Repayment Received
January 2008 $62.50 $63.00 Repayment Received
February 2008 $62.50 $63.00 Repayment Received
March 2008 $62.50 $63.00 Repayment Received
April 2008 $62.50 $63.00 Repayment Received
May 2008 $62.50 $60.00 Repayment Received