Maria Magdalena Guzman

Status: Ended with Loss - Defaulted

$350.00		Loan Request
$182.57		Paid Back

About the Entrepreneur

Name:	Maria Magdalena Guzman
Location:	Yamasa, Dominican Republic
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$350.00
Loan Use:	To buy pork meat and other goods to keep operating her successful cafeteria.
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 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:	34.3146 DOP = 1 USD

Maria Magdalena is unquestionably one of the most well-known cooks in the Caimito community of Yamasá. She runs a small cafeteria and her specialty is the mondongo, a delicious dish of pig’s tripe, which is generally stewed in a tomato and garlic sauce. Magdalena started her cafeteria ten years ago, and currently this business is the principal means of support for her family. Maria has four children, three of them boys, who all go to school.

Maria Magdalena is requesting a loan to purchase more meat and other goods to keep satisfying her customers’ needs. The entrepreneur would like to rent a more comfortable establishment to operate her business.

Lenders to this entrepreneur

Tony
Epsom, Surrey
United Kingdom

Bellarmine Chapel
Cincinnati, OH
United States

Eric
new york, NY
United States

Gary
Elgin, IL
United States

Dee
Auke Bay, AK
United States

laurence
mendham, NJ
United States

Charlie

David
Chicago, IL
United States

Julie
Kirkland, WA
United States

Melissa
New York, NY
United States

Carolyn
Sausalito, CA
United States

Daily Mantra
West Hollywood, CA
United States

Paula
Edmonton, Alberta
Canada

Anonymous

Journal entries for Maria Magdalena Guzman

Loan has been disbursed Entrepreneur: Maria Magdalena Guzman Location: Yamasa, Dominican Republic Thank you for your loan. It has been disbursed to Maria Magdalena Guzman 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: Maria Magdalena Guzman 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)

Repayment Schedule for Maria Magdalena Guzman

Show Advanced

	Expected Repayments	Actual Repayments	Comments
November 2008	$58.33	$59.00	Repayment Received
December 2008	$58.33	$59.00	Repayment Received
January 2009	$58.33	$57.00	Repayment Received
February 2009	$58.33	$0.00	Delinquent
March 2009	$58.33	$0.00	Delinquent
April 2009	$58.35	$0.00	Delinquent
December 2009	$0.00	$7.57