Altagracia Villalona Lara

Status: Ended with Loss - Defaulted

$200.00		Loan Request
$136.21		Paid Back

About the Entrepreneur

Name:	Altagracia Villalona Lara
Location:	Baní, Dominican Republic
Activity:	Retail

About the Loan

Loan Amount:	$200.00
Loan Use:	Purchase of clothing to expand a small business of selling beauty products
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jun 26, 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:	34.1878 DOP = 1 USD

Altagracia is a young and promising entrepreneur who sells beauty products in the Barrancones community of Baní. Altagracia operates her business predominantly from her childhood home, but she also visits regular customers and potential clients in the neighborhood to sell her goods. With this loan, the young entrepreneur wants to expand her business and add an assortment of fashionable pants and shoes to her inventory. She explains that most of her clientele have been asking for such goods, so she’ll take advantage of this opportunity so as to move her business forward.
Altagracia hopes that her business will allow her to earn enough money to start her university studies next year.

Lenders to this entrepreneur

Kiva Fund. Group,S/L
Aloft Island, Secondlife.com
United States

Phillissa
Dallas, TX
United States

Holt
Holmes, NY
United States

Vic
Chico, CA
United States

Hadley Weir
Christchurch, Canterbury
New Zealand

Ed and Marti
Seattle, WA
United States

David Margaret & Nicola
Kingston, Ontario
Canada

Journal entries for Altagracia Villalona Lara

Loan has been disbursed Entrepreneur: Altagracia Villalona Lara Location: Baní, Dominican Republic Thank you for your loan. It has been disbursed to Altagracia Villalona Lara 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 11, 2008
Comments (1)

Update on your loan in the Dominican Republic Entrepreneur: Altagracia Villalona Lara 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 (58)

Repayment Schedule for Altagracia Villalona Lara

Show Advanced

	Expected Repayments	Actual Repayments	Comments
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	$31.33	Repayment Received
February 2009	$33.33	$0.00	Delinquent
March 2009	$33.35	$0.00	Delinquent
December 2009	$0.00	$2.88