Ibelise Manzueta Garcia


Status: Ended with Loss - Defaulted

$750.00   Loan Request
$391.23   Paid Back

About the Entrepreneur

Name: Ibelise Manzueta Garcia
Location: Yamasa, Dominican Republic
Activity: Beauty Salon

About the Loan

Loan Amount: $750.00
Loan Use: To purchase a small generator to provide power during blackouts and keep operating a small salon.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 28, 2008
Date Disbursed: Aug 12, 2008
Date Funded:Jul 29, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.3146 DOP = 1 USD



Ibelise is a diligent woman and a proud mother of three children. She owns and operates a small salon that she started two years ago. Ibelise offers a large variety of services, ranging from hair straightening and hairdo to nails cut. Every day she receives visits from many women, although things get better during the weekends.


This loan is to buy a used generator to face power cuts, which are very frequent in her community. Ibelise hopes that operating her salon with the generator will allow her to capture more clients. The entrepreneur is very confident and she says that she’ll manage to repay the loan and make her business successful.


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Lenders to this entrepreneur

Ric
Midland, TX
United States

Buchanan Family
www.kivafriends.org, Ramsey, NJ
United States

Gloria & Cal
Inver Grove Heights, MN
United States

Jennifer
Santa Monica, CA
United States

Stewart
Ormond Beach, FL
United States

In Memoriam
KivaFriends.org, Prince Edward Island
Canada

Mike
Toronto, Ontario
Canada

Amy
Wheat Ridge, CO
United States

Sue
Lexington, VA
United States

Karen
Chandler, AZ
United States

Mona
BERGEN, NORWAY
Norway

Krista
Milwaukee, Wisconsin
United States

laurence
mendham, NJ
United States

Christian
Paris, France
France

Marta
Barcelona, Barcelona
Spain

Tom
Wayzata, MN
United States

Sven
Leipzig,
Germany

Marika
Richmond Hill, Ontario
Canada

Jessica
Edmonton, Alberta
Canada

William
Deadwood, SD
United States

renee
Maleny, Queensland
Australia

Brad
Bozeman, MT
United States

Richard
Victoria, British Columbia
Canada

Pål
Bryne, Rogaland
Norway

Mary Keller
Colorado Springs, Colorado
United States

Kevin
Peoria, IL
United States

The Harris Family
Elkridge, MD
United States



Journal entries for Ibelise Manzueta Garcia


Loan has been disbursed
 
Entrepreneur: Ibelise Manzueta Garcia
Location: Yamasa, Dominican Republic

Thank you for your loan. It has been disbursed to Ibelise Manzueta Garcia 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 Yamasa, Dominican Republic
Aug 13, 2008
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: Ibelise Manzueta Garcia
Location: Yamasa, 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 Ibelise Manzueta Garcia

  Expected Repayments Actual Repayments Comments
November 2008 $125.00 $125.00 Repayment Received
December 2008 $125.00 $125.00 Repayment Received
January 2009 $125.00 $125.00 Repayment Received
February 2009 $125.00 $0.00 Delinquent
March 2009 $125.00 $0.00 Delinquent
April 2009 $125.00 $0.00 Delinquent
December 2009 $0.00 $16.23