Luis Medina
Status: Paid Back
| $1,175.00 | Loan Request | |
|---|---|---|
| $1,175.00 | Paid Back |
About the Entrepreneur
| Name: | Luis Medina |
|---|---|
| Location: | Los Alcarrizos, Dominican Republic |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $1,175.00 |
|---|---|
| Loan Use: | To increase the quantity of clothes and merchandise he is able to buy and sell to his community members. |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | May 16, 2008 |
| Date Disbursed: | Jun 5, 2008 |
| Date Funded: | May 22, 2008 |
| Loan Ended: | Jul 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Esperanza International Dominican Republic, a partner of HOPE International |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 33 months |
| Kiva Entrepreneurs: | 7009 |
| Total Loans: | $1,612,225 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| 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: | 34.1144 DOP = 1 USD |
Luis plans to use his loan to go to the large market place in the heart of the capital, called La Duarte. There, he will be able to buy his clothes in bulk and, with the help of the loan, he will not only be able to buy the amount he actually needs, but he will also be able to save money on the discounted wholesale price he receives.
His dream is to help his children be able to go back to one of the local universities in the area so that they can become professionals, and he also hopes to build and buy his own home one day in the near future.
On behalf of Luis and everyone here at Esperanza International, we thank you for supporting his dreams and goals!
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Journal entries for Luis Medina
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Loan has been disbursed
Location: Los Alcarrizos, Dominican Republic
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Posted by
from Los Alcarrizos, Dominican Republic
Jun 5, 2008 |
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Comment on this entry
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Repayment Schedule for Luis Medina
Repayment Schedule for Luis Medina
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2008 | $97.92 | $98.00 |  Repayment Received
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| October 2008 | $97.92 | $98.00 | Repayment Received
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| November 2008 | $97.92 | $98.00 | Repayment Received
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| December 2008 | $97.92 | $98.00 | Repayment Received
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| January 2009 | $97.92 | $97.58 | Repayment Received
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| February 2009 | $97.92 | $97.92 | Repayment Received
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| March 2009 | $97.92 | $97.92 | Repayment Received
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| April 2009 | $97.92 | $97.92 | Repayment Received
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| May 2009 | $97.92 | $97.92 | Repayment Received
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| June 2009 | $97.92 | $97.91 | Repayment Received
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| July 2009 | $97.92 | $97.92 | Repayment Received
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| August 2009 | $97.88 | $97.91 | Repayment Received
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