Norma Perez Aquino

Status: Ended with Loss - Defaulted

$200.00		Loan Request
$168.11		Paid Back

About the Entrepreneur

Name:	Norma Perez Aquino
Location:	Santo Domingo, Dominican Republic
Activity:	Natural Medicines

About the Loan

Loan Amount:	$200.00
Loan Use:	To invest in natural medicines to sell in her community
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 29, 2008
Date Disbursed:	Jun 12, 2008
Date Funded:	May 29, 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

Norma is a hard-working and ambitious entrepreneur who is fighting tooth and claw to establish herself as a successful businesswoman in her community. Her husband works as a taxi driver for a company. To supplement her family’s income, Norma sells natural medicines to people of her neighborhood. The entrepreneur explains that there are lots of other women who are running the same business in the community, and she has to try hard to face the competition and attract new clients every day.
With her loan, Norma will buy more goods to add to her stock in order to keep satisfying her customers’ needs and increase her income.

Lenders to this entrepreneur

David and Kim
Mesa, AZ
United States

Andreas Dittes
Sulzfeld,
Germany

Oisín
London, England
United Kingdom

Lou A
Roseville, CA
United States

Ted
langhorne, PA
United States

Heather
Townsville, Queensland
Australia

Dorothea
Louisville, KY
United States

Journal entries for Norma Perez Aquino

Loan has been disbursed Entrepreneur: Norma Perez Aquino Location: Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to Norma Perez Aquino 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 12, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Norma Perez Aquino 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 (58)

Repayment Schedule for Norma Perez Aquino

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$33.33	$34.00	Repayment Received
October 2008	$33.33	$34.00	Repayment Received
November 2008	$33.33	$34.00	Repayment Received
December 2008	$33.33	$34.00	Repayment Received
January 2009	$33.33	$30.67	Repayment Received
February 2009	$33.35	$0.00	Delinquent
December 2009	$0.00	$1.44