Miriam Frias Adames


Status: Ended with Loss - Defaulted

$400.00   Loan Request
$208.65   Paid Back

About the Entrepreneur

Name: Miriam Frias Adames
Location: Monte Plata, Dominican Republic
Activity: Shoe Sales

About the Loan

Loan Amount: $400.00
Loan Use: Purchase of shoes to replenish her stock.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 21, 2008
Date Disbursed: Aug 5, 2008
Date Funded:Jul 22, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.3795 DOP = 1 USD



Miriam sells shoes in the Cacique community of Monte Plata. She started her business one year ago as a result of her aim to supplement her family's income. Her husband works as a tourist guide outside the community.

The forthcoming school year starts in September, and consequently things like shoes are in high demand. Miriam wants to seize the opportunity to add a greater variety of these goods to her stock, so that she can increase her sales volume and her income. She hopes she'll be given a loan soon in order to make the purchases.

This is the second loan the entrepreneur will take from FSMA. She's a very responsible person, and she repaid the past loan successfully.

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Lenders to this entrepreneur

David and Karen
Flagstaff, Arizona
United States

Fred
Santa Barbara, CA
United States

Granite T. Rock
London, Ontario
Canada

Anonymous
Langley, British Columbia
Canada

Gordon
Winamac, IN
United States

John C. Kirkland
Southern California,
United States

Brett & Wendy
NEWBOROUGH, Victoria
Australia

Chris & Natasha
Calgary, Alberta
Canada

Lothar
Frankfurt,
Germany

Jay
Tempe, AZ
United States

Patricia D.
Victoria, BC
Canada

Claire
Van Meter, IA
United States

Rachel
Fishers, IN
United States

ashley
Mountain View, CA
United States

Alex
San Jose, CA
United States

Alice and friends

Netherlands



Journal entries for Miriam Frias Adames


Loan has been disbursed
 
Entrepreneur: Miriam Frias Adames
Location: Monte Plata, Dominican Republic

Thank you for your loan. It has been disbursed to Miriam Frias Adames 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 Monte Plata, Dominican Republic
Aug 5, 2008
Comment on this entry

Miriam Frias Adames
 
Entrepreneur: Miriam Frias Adames
Location: Monte Plata, Dominican Republic

Miriam is doing her best to repay this second loan. She keeps selling her shoes in her hometown as well as in Santo Domingo, capital city. Her business is going through some difficulties, but she's confident and optimistic and she says that she'll up to overcome any trouble.

The entrepreneur hopes that the lenders will continue on giving a hand to the poorest people all around the world, so that these latter can lift themselves out of poverty and improve their living conditions.


Posted by Jean Daniel Louis from Monte Plata, Dominican Republic
Feb 2, 2009
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: Miriam Frias Adames
Location: Monte Plata, 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)

Kiva Help Repayment Schedule for Miriam Frias Adames

  Expected Repayments Actual Repayments Comments
November 2008 $66.67 $67.00 Repayment Received
December 2008 $66.67 $67.00 Repayment Received
January 2009 $66.67 $66.00 Repayment Received
February 2009 $66.67 $0.00 Delinquent
March 2009 $66.67 $0.00 Delinquent
April 2009 $66.65 $0.00 Delinquent
December 2009 $0.00 $8.65