Jocasta Garcia De La Cruz

Status: Ended with Loss - Defaulted

$450.00		Loan Request
$234.74		Paid Back

About the Entrepreneur

Name:	Jocasta Garcia De La Cruz
Location:	Guanuma, Dominican Republic
Activity:	Grocery Store

About the Loan

Loan Amount:	$450.00
Loan Use:	To invest in various foodstuffs for a mini-market.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 19, 2008
Date Disbursed:	Aug 5, 2008
Date Funded:	Jul 22, 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:	34.2900 DOP = 1 USD

Jocasta is a young mother raising two school-going children in the Guanuma community of Yamasá. She and her husband own a mini-market ,which they have operated for three years. Every day, plenty of people visit the mini-market to purchase a wide range of products, including rice, vegetable oil, spices, milk, chocolate, and other foodstuffs. Currently, the store is running out of goods, so she’s asking for a loan to buy a great variety of products to replenish the store. Jocasta hopes that her mini-market will generate greater income so that she can repay the loan on time and move her business forward.

Lenders to this entrepreneur

Susan C.
Altus, Oklahoma
United States

Jeff & Myrcia
Edmond, OK
United States

Janet
Columbia, MD
United States

Anonymous
Maryville, TN
United States

Anonymous
Regina, Saskatchewan
Canada

Emma
Nashville, TN
United States

Patrick
Charlotte, NC
United States

Anonymous
florence, SC
United States

ArtBushkin
Vienna, VA
United States

Jason
Kansas City, MO
United States

Journal entries for Jocasta Garcia De La Cruz

Loan has been disbursed Entrepreneur: Jocasta Garcia De La Cruz Location: Guanuma, Dominican Republic Thank you for your loan. It has been disbursed to Jocasta Garcia De La Cruz 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 Guanuma, Dominican Republic Aug 6, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Jocasta Garcia De La Cruz Location: Guanuma, 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 Jocasta Garcia De La Cruz

Show Advanced

	Expected Repayments	Actual Repayments	Comments
November 2008	$75.00	$75.00	Repayment Received
December 2008	$75.00	$75.00	Repayment Received
January 2009	$75.00	$75.00	Repayment Received
February 2009	$75.00	$0.00	Delinquent
March 2009	$75.00	$0.00	Delinquent
April 2009	$75.00	$0.00	Delinquent
December 2009	$0.00	$9.74