Emilia Alcántara Martinez

Status: Ended with Loss - Defaulted

$350.00		Loan Request
$312.79		Paid Back

About the Entrepreneur

Name:	Emilia Alcántara Martinez
Location:	Carvajal Community Of San Cristobal, Dominican Republic
Activity:	Retail

About the Loan

Loan Amount:	$350.00
Loan Use:	To purchase of a wide range of products to sell in her community.
Repayment Term:	11 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Mar 4, 2008
Date Disbursed:	Mar 19, 2008
Date Funded:	Mar 5, 2008

About the Field Partner

Field Partner:

Fundación San Miguel Arcángel, Inc. (FSMA)

Field Partner Risk Rating:

(Learn more)

Closed

29 months

2017

$593,750

N/A - No Paying Back Loans

Default Rate:

27.80%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Dominican Republic
Avg Annual Income:	$7,611.00
Currency:	Dominican Republic Pesos (DOP)
Exchange Rate:	33.6805 DOP = 1 USD

Emilia is thirty-three years old and a mother of four school-going children. To earn a living and fend for her children, she sells various products ranging from rice, beans, flour and so forth. She also retails fuel for motorcycles and cars. This activity is the main source of income for Emilia who humbly explains that doing business is the only way people of her community can lift themselves out from poverty.
She is requesting a loan of $350 to buy more products, especially more fuel, to keep satisfying her customers and increase her income.

Lenders to this entrepreneur

Marley
NOVATO, CA
United States

Karen and Gery
KivaFriends.org, Monarch Beach, CA USA
United States

Connie
Allen, TX
United States

Theodoor & Elly
Bussum,
Netherlands

Daniel
Lima, MA
Peru

Rosemary
Skokie, IL
United States

Dina
Colorado Springs, CO
United States

Robin
Denton, MD
United States

Jeff & Myrcia
Edmond, OK
United States

glory
Laguna Niguel, CA
United States

Lisa
Summerville, SC
United States

cynthia
Toronto, Ontario
Canada

RainmanzMoney
Akron, OH
United States

Journal entries for Emilia Alcántara Martinez

Loan has been disbursed Entrepreneur: Emilia Alcántara Martinez Location: Carvajal Community Of San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to Emilia Alcántara Martinez by Fundación San Miguel Arcángel, Inc. in Dominican Republic. We are excited to watch this business grow. Over the next 9 months, Fundación San Miguel Arcángel, Inc. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Carvajal Community Of San Cristobal, Dominican Republic Mar 19, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Emilia Alcántara Martinez Location: Carvajal Community Of San Cristobal, Dominican Republic Your loan to the business or businesses above will not be repaid in full and is now considered defaulted. To learn about the reasons for this default, please visit FSMA’s Field Partner page. We have done our best to provide comprehensive details about why your loan defaulted and what Kiva is doing to help prevent situations like this from happening in the future. A vast majority of our Field Partners are healthy organizations that are very capable of administering your loans with the highest integrity. If you have any questions, after visiting FSMA’s Field Partner page and reviewing the information there, please let us know.
Posted by Michelle May Kreger, Kiva Staff, from San Francisco, United States Aug 21, 2009
Comments (57)

Repayment Schedule for Emilia Alcántara Martinez

Show Advanced

	Expected Repayments	Actual Repayments	Comments
June 2008	$38.89	$39.00	Repayment Received
July 2008	$38.89	$39.00	Repayment Received
August 2008	$38.89	$39.00	Repayment Received
September 2008	$38.89	$39.00	Repayment Received
October 2008	$38.89	$39.00	Repayment Received
November 2008	$38.89	$39.00	Repayment Received
December 2008	$38.89	$39.00	Repayment Received
January 2009	$38.89	$38.11	Repayment Received
February 2009	$38.88	$0.00	Delinquent
December 2009	$0.00	$1.68