Nancis Segura Matos's Group

Status: Ended with Loss - Defaulted

$1,550.00		Loan Request
$1,302.85		Paid Back

About the Group

Group Name:	Nancis Segura Matos's Group
Group Members:	Altagracia Geanne Fernandez Isabel Rosalina Perez Peña Emmy Paola Reynoso Fernandez Arelis Del Milagro Fernande Nancis Segura Matos
Location:	San Luis, Community Of Santo Domingo, Dominican Republic
Activity:	Home Products Sales

About the Loan

Loan Amount:	$1,550.00
Loan Use:	To increase her inventory and add tablecloths and curtains
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 20, 2008
Date Disbursed:	Jun 11, 2008
Date Funded:	May 28, 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:	34.0283 DOP = 1 USD

Nancis is twenty-six years old and the proud mother of two sons, ages 6 and 8, both of whom go to school. She separated from her husband a couple of years ago, and now she has to raise her children on her own. Nancis sells women’s shoes and slippers in her hometown. She also sells housewares and kitchen items.

Nancia explains that she needs capital to increase her stock, because her goods are in high demand during this season. Nancis also wants to add items, such as tablecloths and curtains, to her stock. She thinks that these new items will allow her to earn a larger profit.

Nancis will receive the funds together with four other women, all of them are business’ owners. They are:

Arelis Del Milagro Fernandez, who will use her loan to supply her clothing store

Emmy Paola Reynoso Fernandez, a jewelry shop owner

Isabel Rosalina Perez Peña, who will buy clothing for her store

Altagracia Geanne Fernandez, a shoe shop owner

About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Ken
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David
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Patrick
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Laurent D
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Michelle
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Scott
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David
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Christina
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Brian
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Joseph
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Anonymous
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Alex and Sydney
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Brett
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Leah
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Debra
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Anonymous
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Julie
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Jody
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Paul
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melissa
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Bill
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Kat Tancock
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Nancy
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Rajvee & Peter
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Raymond
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Journal entries for Nancis Segura Matos's Group

Loan has been disbursed Entrepreneur: Nancis Segura Matos's Group Location: San Luis, Community Of Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to the group, consisting of Nancis Segura Matos, Arelis Del Milagro Fernande, Emmy Paola Reynoso Fernandez, Isabel Rosalina Perez Peña, Altagracia Geanne Fernandez by Fundación San Miguel Arcángel, Inc. in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Fundación San Miguel Arcángel, Inc. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from San Luis, Community Of Santo Domingo, Dominican Republic Jun 11, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Nancis Segura Matos's Group Location: San Luis, Community Of Santo Domingo, 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 Nancis Segura Matos's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$258.33	$259.00	Repayment Received
October 2008	$258.33	$259.00	Repayment Received
November 2008	$258.33	$259.00	Repayment Received
December 2008	$258.33	$259.00	Repayment Received
January 2009	$258.33	$255.67	Repayment Received
February 2009	$258.35	$0.00	Delinquent
December 2009	$0.00	$11.18