Germinuris Severino Santana

Status: Ended with Loss - Defaulted

$600.00		Loan Request
$408.65		Paid Back

About the Entrepreneur

Name:	Germinuris Severino Santana
Location:	Santo Domingo, Dominican Republic
Activity:	Liquor Store / Off-License

About the Loan

Loan Amount:	$600.00
Loan Use:	To invest in alcoholic beverages for a small bar.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jun 25, 2008
Date Disbursed:	Jul 10, 2008
Date Funded:	Jun 26, 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:	34.0260 DOP = 1 USD

Germinuris is in her late thirties. She has two sons and one daughter, all of whom go to school. Germinuris and her husband run a small bar in the Duquesa community of Santo Domingo. A pleasant atmosphere, good music and a large variety of both Dominican and international beverages make the store an important gathering place for the community. Germinuris would like to increase her sales volume so that the business can generate more revenue for her family. With her loan, she’ll buy a wider variety of drinks to offer her clientele. Germinuris says that she’ll keep working hard to provide her three children with a good education.

Lenders to this entrepreneur

Vic
Chico, CA
United States

Barbara
Oxnard, CA
United States

Anonymous
Chicago, IL
United States

A.Wesley & Elizabeth
Christoval, Texas
United States

Erin
Manassas, VA
United States

Anonymous
Highland Park, NJ
United States

Brian
Saskatoon, Saskatchewan
Canada

Topher & Tana
Eureka, CA
United States

Rick
Calgary, Alberta
Canada

Good Dogg
Front Porch, www.kivafriends.org
United States

Anonymous
dunwoody, GA
United States

Halwas Family
Fort MIll, SC
United States

Leah
New York, NY
United States

Bill
Atlanta, GA
United States

Mike
Beaverton, OR
United States

John and Debbie
Fort Worth, TX
United States

Daniel
Denver, CO
United States

Kerrien
Sydney, New South Wales
Australia

Kelly
Culver City, CA
United States

The Kolb Family Fund
Belmont, MA, www.kivafriends.org
United States

Kim
Brodheadsville, PA
United States

Journal entries for Germinuris Severino Santana

Loan has been disbursed Entrepreneur: Germinuris Severino Santana Location: Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to Germinuris Severino Santana 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 Santo Domingo, Dominican Republic Jul 11, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Germinuris Severino Santana 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 Germinuris Severino Santana

Show Advanced

	Expected Repayments	Actual Repayments	Comments
October 2008	$100.00	$100.00	Repayment Received
November 2008	$100.00	$100.00	Repayment Received
December 2008	$100.00	$100.00	Repayment Received
January 2009	$100.00	$100.00	Repayment Received
February 2009	$100.00	$0.00	Delinquent
March 2009	$100.00	$0.00	Delinquent
December 2009	$0.00	$8.65