María Del Carmen Valdez Valdez

Status: Ended with Loss - Defaulted

$250.00		Loan Request
$210.13		Paid Back

About the Entrepreneur

Name:	María Del Carmen Valdez Valdez
Location:	San Cristobal, Dominican Republic
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$250.00
Loan Use:	To purchase raw materials to produce fried dishes
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 22, 2008
Date Disbursed:	Jun 5, 2008
Date Funded:	May 22, 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:	33.8555 DOP = 1 USD

María Del Carmen is thirty-six years old and the proud mother of two boys and two girls, all of whom go to school. She’s been selling fried dishes for twelve years in the Sabana Palenque community of Santo Domingo. María Del Carmen produces the food at home and sells the dishes in her stall on the sidewalk. The entrepreneur has requested a loan to buy meat and other ingredients to keep operating her business. María Del Carmen hopes that her business will help her provide a comfortable standard of living for her family.

Lenders to this entrepreneur

Susan
Austin, TX
United States

Quizzoid
kivafriends.org, KS
United States

Happy Homeschool Family
Everett, WA
United States

Edward
Midhurst, Ontario
Canada

Dennis
Lake Orion, MI
United States

Karen

Doug
Los Angeles, CA
United States

Emmanuel (Manou)
Nantes,
France

Leena
San Francisco, CA
United States

Journal entries for María Del Carmen Valdez Valdez

Loan has been disbursed Entrepreneur: María Del Carmen Valdez Valdez Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to María Del Carmen Valdez Valdez 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 Cristobal, Dominican Republic Jun 5, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: María Del Carmen Valdez Valdez Location: 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 María Del Carmen Valdez Valdez

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$41.67	$42.00	Repayment Received
October 2008	$41.67	$42.00	Repayment Received
November 2008	$41.67	$42.00	Repayment Received
December 2008	$41.67	$42.00	Repayment Received
January 2009	$41.67	$40.33	Repayment Received
February 2009	$41.65	$0.00	Delinquent
December 2009	$0.00	$1.80