Berta Pujols

Status: Ended with Loss - Defaulted

$750.00		Loan Request
$630.41		Paid Back

About the Entrepreneur

Name:	Berta Pujols
Location:	San Cristobal, Dominican Republic
Activity:	Clothing Sales

About the Loan

Loan Amount:	$750.00
Loan Use:	To purchase women's clothing to sell in her community
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 23, 2008
Date Disbursed:	Jun 8, 2008
Date Funded:	May 25, 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

Berta lives with her husband and two daughters aged five and seven years old; she also supports her disabled mother who has to stay in bed all day. She is an ambitious and experienced entrepreneur that has been selling women’s clothing for a long time in her community. For Berta, the most important thing is her children’s education, and she plans to support her daughters until they become professionals. With this loan, Berta plans to purchase clothing in bulk to restock her business and increase her sales volume. She hopes someday to have enough money to start a grocery store which has a higher profit margin than clothing sales.

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Raj
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Journal entries for Berta Pujols

Loan has been disbursed Entrepreneur: Berta Pujols Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to Berta Pujols 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 8, 2008
Comments (1)

Update on your loan in the Dominican Republic Entrepreneur: Berta Pujols 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 Berta Pujols

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$125.00	$125.00	Repayment Received
October 2008	$125.00	$125.00	Repayment Received
November 2008	$125.00	$125.00	Repayment Received
December 2008	$125.00	$125.00	Repayment Received
January 2009	$125.00	$125.00	Repayment Received
February 2009	$125.00	$0.00	Delinquent
December 2009	$0.00	$5.41