Marcelina De La Cruz García

Status: Ended with Loss - Defaulted

$550.00		Loan Request
$491.53		Paid Back

About the Entrepreneur

Name:	Marcelina De La Cruz García
Location:	Carvajal Community Of San Cristobal, Dominican Republic
Activity:	Fruits & Vegetables

About the Loan

Loan Amount:	$550.00
Loan Use:	To purchase vegetables and fruits to restock a small store.
Repayment Term:	11 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Mar 5, 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

Marcelina is thirty-four years old and responsible for supporting her three boys and one girl, which all attend school. To make a living, Marcelina sells an assortment of fruits and vegetables in her community. Each day, she set outs all her goods on her large table, and passers-by can see and make the purchase of her delicious fruits and vegetables.
Marcelina is requesting a loan of $550 to augment her stock and better satisfy her customers. She plans to buy a large quantity of fruits and add new ones to her inventory in order to increase her sales volume and thus her revenue.
Marcelina says that she has to put aside money to provide food and good education for her children.

Lenders to this entrepreneur

Phil
Phoenix, AZ
United States

James and PattyAnn
APO, AE
United States

Frank
Fairfield, CT
United States

Ken
El Cajon, CA
United States

David
Coimbra,
Portugal

Jennifer
Oak Park, IL
United States

Elizabeth

Robert
Newton, MA
United States

Jen
Madison, WI
United States

Judith
St. Peter, MN
United States

Lorri
Falcon Heights, MN
United States

Marcilyn
Grand Prairie, TX
United States

Sue
Albalat dels Tarongers, Valencia
Spain

Zane

United States

Shelley
Winnipeg, Manitoba
Canada

Bio Legal
Den Haag, Zuid-Holland
Netherlands

Teresa
McCordsville, IN
United States

Journal entries for Marcelina De La Cruz García

Loan has been disbursed Entrepreneur: Marcelina De La Cruz García Location: Carvajal Community Of San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to Marcelina De La Cruz García 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 20, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Marcelina De La Cruz García 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 Marcelina De La Cruz García

Show Advanced

	Expected Repayments	Actual Repayments	Comments
June 2008	$61.11	$62.00	Repayment Received
July 2008	$61.11	$62.00	Repayment Received
August 2008	$61.11	$62.00	Repayment Received
September 2008	$61.11	$62.00	Repayment Received
October 2008	$61.11	$62.00	Repayment Received
November 2008	$61.11	$62.00	Repayment Received
December 2008	$61.11	$62.00	Repayment Received
January 2009	$61.11	$54.89	Repayment Received
February 2009	$61.12	$0.00	Delinquent
December 2009	$0.00	$2.64