Yisel Tejada Valdez

Status: Ended with Loss - Defaulted

$425.00		Loan Request
$357.23		Paid Back

About the Entrepreneur

Name:	Yisel Tejada Valdez
Location:	Santo Domingo, Dominican Republic
Activity:	Beauty Salon

About the Loan

Loan Amount:	$425.00
Loan Use:	To expand her inventory for her housewares business
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 26, 2008
Date Disbursed:	Jun 9, 2008
Date Funded:	May 26, 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:	33.9526 DOP = 1 USD

Yisel is a young entrepreneur and newlywed who is working hard to move her small business forward and increase the revenue of her household. She’s been selling bedspreads, window curtains and housewares for three years in the Ochocienta community of Santo Domingo. A couple of months ago, Yisel took a loan from FSMA and invested the funds in her business, purchasing large amounts of supplies in bulk, managing to grow her business and repay her loans on time.
Yisel is requesting a second loan to expand her inventory and add a new variety of fashionable curtains and bedspreads to offer to her customers. She plans to use the additional revenue to save money to start university studies.

Lenders to this entrepreneur

Cristobal
Palma de Mallorca,
United Kingdom

Dagfinn A
Copenhagen, KivaFriends.org
Denmark

Renee
Tarneit, Victoria
Australia

Fred - Senior Lender
White Plains, NY
United States

Wes
Punta Gorda, FL
United States

Caleb
Columbia, SC
United States

Mike and Vivian
Panama City Beach, FL
United States

Matthew
Ada, MI
United States

Samantha
Washington, DC
United States

High Relief
Boulder City, NV
United States

andrew
fremont, CA
United States

jonathan
minneapolis, MN
United States

Dorie
North YOrk, Ontario
Canada

Steve
Greenville, SC
United States

Hari
Cumming, GA
United States

Journal entries for Yisel Tejada Valdez

Loan has been disbursed Entrepreneur: Yisel Tejada Valdez Location: Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to Yisel Tejada 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 Santo Domingo, Dominican Republic Jun 9, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Yisel Tejada Valdez Location: 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 Yisel Tejada Valdez

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$70.83	$71.00	Repayment Received
October 2008	$70.83	$71.00	Repayment Received
November 2008	$70.83	$71.00	Repayment Received
December 2008	$70.83	$71.00	Repayment Received
January 2009	$70.83	$70.17	Repayment Received
February 2009	$70.85	$0.00	Delinquent
December 2009	$0.00	$3.06