Margarita Perez De Leon

Status: Ended with Loss - Defaulted

$350.00		Loan Request
$182.57		Paid Back

About the Entrepreneur

Name:	Margarita Perez De Leon
Location:	San Cristobal, Dominican Republic
Activity:	Grocery Store

About the Loan

Loan Amount:	$350.00
Loan Use:	Purchase of various goods to restock her small grocery store.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Aug 9, 2008
Date Disbursed:	Aug 24, 2008
Date Funded:	Aug 10, 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:	34.6000 DOP = 1 USD

Margarita owns and operates a small grocery store which she started about five years ago. Her store offers a large variety of goods such as rice, beans, sugar, milk, bread, fruits, vegetables, and other basic foodstuffs. Currently, this business is the main source of revenue for her family. Her husband is a retired police officer, and the funds he's receiving can barely help in supporting the family.

Margarita is requesting a loan to buy more goods to restock her small grocery store. She hopes that her business will help her to support the university studies of her two eldest sons.

Lenders to this entrepreneur

william

Peter
Winsley, Wiltshire
United Kingdom

Linda
Windsor, Ontario
Canada

He Just Laughs
Jersey City, NJ
United States

Peter
Würzburg, Bayern
Germany

Kyle
Brookline, MA
United States

Anonymous
Toronto, Ontario
Canada

Journal entries for Margarita Perez De Leon

Loan has been disbursed Entrepreneur: Margarita Perez De Leon Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to Margarita Perez De Leon 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 San Cristobal, Dominican Republic Aug 25, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Margarita Perez De Leon Location: San Cristobal, 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 (57)

Repayment Schedule for Margarita Perez De Leon

Show Advanced

	Expected Repayments	Actual Repayments	Comments
November 2008	$58.33	$59.00	Repayment Received
December 2008	$58.33	$58.00	Repayment Received
January 2009	$58.33	$58.00	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