Santa Fabia Mendez Carvajal

Status: Ended with Loss - Defaulted

$375.00		Loan Request
$255.41		Paid Back

About the Entrepreneur

Name:	Santa Fabia Mendez Carvajal
Location:	Baní, Dominican Republic
Activity:	Grocery Store

About the Loan

Loan Amount:	$375.00
Loan Use:	Purchase of a wide range of goods to restock a small grocery store.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jun 19, 2008
Date Disbursed:	Jul 4, 2008
Date Funded:	Jun 20, 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:	33.8605 DOP = 1 USD

Santa Fabia is in her late twenties and she has three children ranging in age from one to seven. Fabia operates a small grocery store called ‘Colmado el Play’ as it’s located in close proximity to a baseball field. Each day, lots of people visit her grocery store to purchase a wide range of products like rice, beans, milk, cooking oil, salami and other basic foodstuffs. Fabia explains that in the neighborhood there are just two grocery stores, hers and another which is located not far from hers. The entrepreneur also explains that during the weekends, she offers special rebates on beers and other alcoholic beverages, so as to retain her customers and attract new clients.

With her loan, Santa Fabia will buy more goods in order to replenish her store and keep satisfying her customers’ needs. The entrepreneur hopes that someday she’ll be able to buy her own house in her hometown, the Limonal community of Baní.

Lenders to this entrepreneur

Simon
Edmonton, Alberta
Canada

David Houston
Louisville, KY
United States

Pomerleau Family
Gibsonia, PA
United States

Jeffrey
Mountain Home, ID
United States

adam
temple terrace, FL
United States

brandi + anthony
New York, NY
United States

NumbNut
Goonellabah, NSW
Australia

Donald
Denver, CO
United States

Val & Derek
Thornton, Colorado
United States

Brian
San Francisco, CA
United States

Matt
Auburn, WA
United States

Small Potatoes
KivaFriends.org, West Chicago, IL
United States

Rob
new york, NY
United States

Anonymous

Mrs. Michelle
Fresno, CA
United States

Journal entries for Santa Fabia Mendez Carvajal

Loan has been disbursed Entrepreneur: Santa Fabia Mendez Carvajal Location: Baní, Dominican Republic Thank you for your loan. It has been disbursed to Santa Fabia Mendez Carvajal by Fundación San Miguel Arcángel, Inc. (FSMA) in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Fundación San Miguel Arcángel, Inc. (FSMA) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Baní, Dominican Republic Jul 4, 2008
Comment on this entry

Santa Fabia Mendez Carvajal Entrepreneur: Santa Fabia Mendez Carvajal Location: Baní, Dominican Republic Santa Fabia wants to thank all the lenders who have helped her, through their contribution, to move her grocery store forward. The entrepreneur is still repaying her loan, and she hopes that by the end of the next month she’ll be able to reimburse it completely. Santa Fabia reveals many things should be improved in the small store. Once this first loan repaid, she’ll apply for a second and larger loan. The entrepreneur is very grateful for being part of this microloans program, and she hopes that you’ll keep supporting her. God bless you.
Posted by Jean Daniel Louis from Baní, Dominican Republic Jan 20, 2009
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Santa Fabia Mendez Carvajal Location: Baní, 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 Santa Fabia Mendez Carvajal

Show Advanced

	Expected Repayments	Actual Repayments	Comments
October 2008	$62.50	$63.00	Repayment Received
November 2008	$62.50	$63.00	Repayment Received
December 2008	$62.50	$63.00	Repayment Received
January 2009	$62.50	$61.00	Repayment Received
February 2009	$62.50	$0.00	Delinquent
March 2009	$62.50	$0.00	Delinquent
December 2009	$0.00	$5.41