María Argentin
Status: Paid Back
| $600.00 | Loan Request | |
|---|---|---|
| $600.00 | Paid Back |
About the Entrepreneur
| Name: | María Argentin |
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| Location: | Yamasa, Dominican Republic |
| Activity: | Food Production/Sales |
About the Loan
| Loan Amount: | $600.00 |
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| Loan Use: | To rent a small locale to run a fried chicken business |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Nov 27, 2007 |
| Date Disbursed: | Dec 11, 2007 |
| Date Funded: | Nov 27, 2007 |
| Loan Ended: | Jun 12, 2008 |
About the Field Partner
About the Field Partner
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| Field Partner: | Fundación San Miguel Arcángel, Inc. (FSMA) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Closed |
| Time On Kiva: | 29 months |
| Kiva Entrepreneurs: | 2017 |
| Total Loans: | $593,750 |
| Delinquency Rate: | N/A - No Paying Back Loans |
| Default Rate: | 27.80% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Dominican Republic |
|---|---|
| Avg Annual Income: | $7,611.00 |
| Currency: | Dominican Republic Pesos (DOP) |
| Exchange Rate: | 33.4735 DOP = 1 USD |
Argentina used to run the same business in the past. She had to close it because of illness. Fortunately, she was able to start her business up again recently when she took a loan from FSMA to invest in materials needed for the preparation of the food. After a period of hard work and some advertizing, she was able to get back a large part of her old clientele.
The entrepreneur explains that the probationary period of the business has been successful and she thinks she can invest more money to make it grow. She is requesting funds to rent a small locale where she can operate the business so that she can attend to her customers ‘more decently’, as she put it. She also hopes that in future her little business can turn into a big cafeteria which would be well known and considered one of the best in her community.
Argentina says as long as she lives, she will do her best for the sake of her family.
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Journal entries for María Argentin
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Loan has been disbursed
Location: Yamasa, Dominican Republic
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Posted by
from Yamasa, Dominican Republic
Dec 12, 2007 |
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Comment on this entry
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Repayment Schedule for María Argentin
Repayment Schedule for María Argentin
| Expected Repayments | Actual Repayments | Comments | |||
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| March 2008 | $100.00 | $100.00 |  Repayment Received
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| April 2008 | $100.00 | $100.00 | Repayment Received
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| May 2008 | $100.00 | $100.00 | Repayment Received
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| June 2008 | $100.00 | $100.00 | Repayment Received
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| July 2008 | $100.00 | $100.00 | Repayment Received
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| August 2008 | $100.00 | $100.00 | Repayment Received
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