Antonio Lugo Tejada


Status: Paid Back

$600.00   Loan Request
$600.00   Paid Back

About the Entrepreneur

Name: Antonio Lugo Tejada
Location: Los Alcarrizos, Dominican Republic
Activity: General Store

About the Loan

Loan Amount: $600.00
Loan Use: purchase of more merchandise, e.g. telephone cards, and a new showcase for his products
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 1, 2008
Date Disbursed: Sep 15, 2008
Date Funded:Sep 1, 2008
Loan Ended:Oct 15, 2009

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.3668 DOP = 1 USD



Antonio Lugo Tejada is a married man with four children who lives in Los Alcarrizos. Before beginning the loan process with Esperanza Internacional, Antonio had a little convenience store in the patio space of his house. Despite having a business, he was still struggling to support his family. After only two loans, of 10,000 and 20,000 pesos respectively, Antonio estimates that his convenience store has grown by about 40%.

With the income that he has generated from his convenience store, Antonio has been able to provide for his family and even buy his own motorcycle. Despite the rapid growth of this business, Antonio still has many things that he would like to accomplish.

Right now he is saving money to extend his house by walling in the patio that contains his convenience store with concrete. At present, the wall consists of a metal gate, which although still difficult to penetrate, is easier to enter than a concrete wall. Because there is so much theft in the neighborhood, Antonio wants to make sure that a robbery does not happen to him.

The money he receives from his next loan will mostly go towards expanding his business with more merchandise. He would particularly like to provide telephone cards for his customers. In the long run, once he has finally made his convenience store profitable enough, Antonio would like to move his convenience store out of his house and into its own building.


Subscribe

Lenders to this entrepreneur

Rad
Maple, Ontario
Canada

Paul
Monee, IL
United States

Ralph
New York, NY
United States

Anonymous

Carol
Gibsons, BC
Canada

Robert & Claudia
San Antonio, TX
United States

Christopher
North Syracuse, NY
United States

one
North Providence, RI
United States

Don & Peg
In memory, of ...
United States

Daniel Debord
Howard Beach, NY
United States

Jennifer
Joshua Tree, CA
United States

Amy
Dearborn, MI
United States

Christopher
London,
United Kingdom

Orion Jr. High
Harrisville, UT
United States

Sue and Bob
Oklahoma City, OK
United States



Top Lending Teams for this entrepreneur


Little Rhody
Local Area
3 Members

London
Local Area
229 Members

Journal entries for Antonio Lugo Tejada


Loan has been disbursed
 
Entrepreneur: Antonio Lugo Tejada
Location: Los Alcarrizos, Dominican Republic

Thank you for your loan. It has been disbursed to Antonio Lugo Tejada by Esperanza International, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the next 12 months, Esperanza International, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Los Alcarrizos, Dominican Republic
Sep 15, 2008
Comment on this entry

Kiva Help Repayment Schedule for Antonio Lugo Tejada

  Expected Repayments Actual Repayments Comments
December 2008 $50.00 $50.00 Repayment Received
January 2009 $50.00 $50.00 Repayment Received
February 2009 $50.00 $50.00 Repayment Received
March 2009 $50.00 $50.00 Repayment Received
April 2009 $50.00 $50.00 Repayment Received
May 2009 $50.00 $50.00 Repayment Received
June 2009 $50.00 $50.00 Repayment Received
July 2009 $50.00 $50.00 Repayment Received
August 2009 $50.00 $50.00 Repayment Received
September 2009 $50.00 $50.00 Repayment Received
October 2009 $50.00 $50.00 Repayment Received
November 2009 $50.00 $50.00 Repayment Received