María Reynoso Ruiz
Status: Paid Back
| $475.00 | Loan Request | |
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| $475.00 | Paid Back |
About the Entrepreneur
| Name: | María Reynoso Ruiz |
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| Location: | Santo Domingo, Dominican Republic |
| Activity: | Food Production/Sales |
About the Loan
| Loan Amount: | $475.00 |
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| Loan Use: | To purchase ingredients to keep producing her delicious 'pastelitos' |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Apr 23, 2008 |
| Date Disbursed: | May 7, 2008 |
| Date Funded: | Apr 23, 2008 |
| Loan Ended: | Dec 15, 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 |
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| Avg Annual Income: | $7,611.00 |
| Currency: | Dominican Republic Pesos (DOP) |
| Exchange Rate: | 34.1226 DOP = 1 USD |
María is a young entrepreneur and the proud mother of a lovely son. She struggles to earn a living and take care of her family. Shortly after her child’s birth, María was forced to leave school in order to get a job to support her child. As her son’s father doesn’t have a good job, María started a business selling pastelitos (meat or chicken turnovers) in her neighborhood. She explains that this venture has been very profitable because she cooks like nobody’s business.
María is requesting this loan (her second from FSMA) to buy more ingredients so that she can move her business forward and lift her family out of poverty.
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Lenders to this entrepreneur
Paul
Sth Queensferry,
United Kingdom
Jennie
Alexander City, AL
United States
Phil
Vallejo, CA
United States
Inze
Oosterwolde, Friesland
Netherlands
devata
watertown, MA
United States
Melissa Dawn
OTTAWA, Ontario
Canada
Troy
Brooklyn, NY
United States
Bob
Renton, WA
United States
Mazy Gray
Mountain View, CA
United States
Jill
Fairbanks, AK
United States
Luis
Mem Martins, Lisboa
Portugal
Kari
San Francisco, CA
United States
Olivier
Lons-le-Saunier,
France
Oksana
New York, NY
United States
Sean
New York, NY
United States
LG
BORAS, default
Sweden
Journal entries for María Reynoso Ruiz
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Loan has been disbursed
Location: Santo Domingo, Dominican Republic
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Posted by
from Santo Domingo, Dominican Republic
May 7, 2008 |
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Comment on this entry
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Repayment Schedule for María Reynoso Ruiz
Repayment Schedule for María Reynoso Ruiz
| Expected Repayments | Actual Repayments | Comments | |||
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| August 2008 | $79.17 | $80.00 |  Repayment Received
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| September 2008 | $79.17 | $80.00 | Repayment Received
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| October 2008 | $79.17 | $80.00 | Repayment Received
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| November 2008 | $79.17 | $80.00 | Repayment Received
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| December 2008 | $79.17 | $80.00 | Repayment Received
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| January 2009 | $79.15 | $75.00 | Repayment Received
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