Augustina Nolasco Nuñez

Status: Ended with Loss - Defaulted

$475.00		Loan Request
$399.26		Paid Back

About the Entrepreneur

Name:	Augustina Nolasco Nuñez
Location:	Santo Domingo, Dominican Republic
Activity:	Cafe

About the Loan

Loan Amount:	$475.00
Loan Use:	Purchase of various goods for a small cafeteria.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jun 7, 2008
Date Disbursed:	Jun 22, 2008
Date Funded:	Jun 8, 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:	34.0235 DOP = 1 USD

Augustina is thirty-six-years-old and she lives with her four children in Barrios, a low-income community in Santo Domingo. Her husband works for a coffee company. To contribute to family budget, Augustina had been selling an assortment of beauty products for seven years. Recently, she started a new business selling food.

Augustina serves breakfast and lunch and, in the afternoon, she visits her friends, customers, and other people in the neighborhood to sell her products. The entrepreneur explains that there’s a lot to be said for running these businesses. Actually, she has been able to save a good sum of money, and she’ll finish her house (made of block) that is under construction very soon.

Augustina will invest her loan to buy more goods to keep running the cafeteria in order to provide her family with a better lifestyle.

Lenders to this entrepreneur

Adrien
Mount Rainier, MD
United States

Julia
Exeter, NH
United States

Pablo
Malaga, Malaga
Spain

Global Agents for Change
Vancouver, British Columbia
Canada

Colin
Saskatoon, Saskatchewan
Canada

Grant
Oakville, Ontario
Canada

Anton
Puchheim,
Germany

Andra and Leher
Salt Lake City, UT
United States

Grahame
Caloundra, Queensland
Australia

JAVIER MEXICO
TORREON, COAHUILA
Mexico

Cheryl
Danville, PA
United States

Ross and Caren
Denver, CO
United States

Journal entries for Augustina Nolasco Nuñez

Loan has been disbursed Entrepreneur: Augustina Nolasco Nuñez Location: Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to Augustina Nolasco Nuñez 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 23, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Augustina Nolasco Nuñez 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 Augustina Nolasco Nuñez

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$79.17	$80.00	Repayment Received
October 2008	$79.17	$80.00	Repayment Received
November 2008	$79.17	$80.00	Repayment Received
December 2008	$79.17	$77.00	Repayment Received
January 2009	$79.17	$78.83	Repayment Received
February 2009	$79.15	$0.00	Delinquent
December 2009	$0.00	$3.43