Nadia Garcia Martinez

Status: Ended with Loss - Defaulted

$550.00		Loan Request
$462.30		Paid Back

About the Entrepreneur

Name:	Nadia Garcia Martinez
Location:	Casabe, Dominican Republic
Activity:	Clothing Sales

About the Loan

Loan Amount:	$550.00
Loan Use:	To bulk-buy women's clothing to restock her business.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 28, 2008
Date Disbursed:	Jun 15, 2008
Date Funded:	Jun 1, 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:	33.8505 DOP = 1 USD

Nadia has been selling women’s clothing for many years in her hometown. Her business has allowed her to improve her family’s lifestyle and to support her four children’s educations.

With this loan, Nadia will expand her inventory and add new items she thinks that will generate greater profits for her business.

The thirty-four year-old entrepreneur explains that she wants to buy local goods for her business and own a big clothing store where people can feel comfortable. Nadia hopes that, with perseverance and hard work, she’ll fulfill her dreams and become the most well established supplier of these goods in her area.

Lenders to this entrepreneur

Gordon
Winamac, IN
United States

FIU Micro Lenders Corp
Miami, FL
United States

New Glasgow Adult High
New Glasgow, Nova Scotia
Canada

tim
Cambridge, MA
United States

He Just Laughs
Jersey City, NJ
United States

Christopher
London,
United Kingdom

eleanor

steven
proctorsville, VT
United States

Laurent D
Brussels,
Belgium

Sunil
San Jose, CA
United States

Mark
Rochester, MN
United States

Bryan
Minneapolis, MN
United States

Monika
München,
Germany

Journal entries for Nadia Garcia Martinez

Loan has been disbursed Entrepreneur: Nadia Garcia Martinez Location: Casabe, Dominican Republic Thank you for your loan. It has been disbursed to Nadia Garcia Martinez 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 Casabe, Dominican Republic Jun 15, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Nadia Garcia Martinez Location: Casabe, 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 (58)

Repayment Schedule for Nadia Garcia Martinez

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$91.67	$92.00	Repayment Received
October 2008	$91.67	$92.00	Repayment Received
November 2008	$91.67	$92.00	Repayment Received
December 2008	$91.67	$92.00	Repayment Received
January 2009	$91.67	$90.33	Repayment Received
February 2009	$91.65	$0.00	Delinquent
December 2009	$0.00	$3.97