Segunda Rosario Santos

Status: Ended with Loss - Defaulted

$300.00		Loan Request
$252.16		Paid Back

About the Entrepreneur

Name:	Segunda Rosario Santos
Location:	Santo Domingo, Dominican Republic
Activity:	Retail

About the Loan

Loan Amount:	$300.00
Loan Use:	Purchase of beauty products, kitchen items and other goods for a small business
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 27, 2008
Date Disbursed:	Jun 10, 2008
Date Funded:	May 27, 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:	33.9975 DOP = 1 USD

Segunda is an experienced and versatile entrepreneur who is trying hard to make a living and support her three children. She sells beauty products, crockery and other kitchen items to people of her community.

The entrepreneur’s goal is to help her children finish their studies and become professionals in life.
With her loan, the entrepreneur will buy more products to keep satisfying her customers’ needs and increase her income so as to improve her family’s living conditions.

Lenders to this entrepreneur

Denise
Davis, CA
United States

Dawn
Golden, CO
United States

Mary
Seattle, WA
United States

Phil
Vallejo, CA
United States

Anonymous
Minneapolis, MN
United States

Paula
Wappingers Falls, NY
United States

Anonymous
Charlottesville, VA
United States

MARJORIE
mesa, AZ
United States

Christine
St Petersburg, FL
United States

David
Broomall, PA
United States

Eric & Whanda
Menifee, CA
United States

Journal entries for Segunda Rosario Santos

Loan has been disbursed Entrepreneur: Segunda Rosario Santos Location: Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to Segunda Rosario Santos 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 11, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Segunda Rosario Santos 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 Segunda Rosario Santos

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	Expected Repayments	Actual Repayments	Comments
September 2008	$50.00	$50.00	Repayment Received
October 2008	$50.00	$50.00	Repayment Received
November 2008	$50.00	$50.00	Repayment Received
December 2008	$50.00	$50.00	Repayment Received
January 2009	$50.00	$50.00	Repayment Received
February 2009	$50.00	$0.00	Delinquent
December 2009	$0.00	$2.16