Esthela Montero

Status: Ended with Loss - Defaulted

$350.00		Loan Request
$182.57		Paid Back

About the Entrepreneur

Name:	Esthela Montero
Location:	San Cristobal, Dominican Republic
Activity:	Clothing Sales

About the Loan

Loan Amount:	$350.00
Loan Use:	To buy a large variety of clothing for her small business
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Aug 9, 2008
Date Disbursed:	Aug 25, 2008
Date Funded:	Aug 11, 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

Esthela is an experienced entrepreneur who has been selling women's clothing and jewelry for years in her community. She happily says that her goods are sold just as rapidly as she can stock them. Esthela is a very confident person and says that she's a silver-tongued vendor who easily persuades people to buy her goods.

This entrepreneur has requested a loan to add a greater variety of clothing to her inventory. She's looking forward to increasing significantly her income in order to keep supporting the education of her children and to provide her family with a better lifestyle.

Lenders to this entrepreneur

He Just Laughs
Jersey City, NJ
United States

Tom
San Carlos, CA
United States

stephen
nicholasville, KY
United States

Kary
Austin, TX
United States

Carly
Peoria, IL
United States Minor Outlying Islands

Michael
Cary, NC
United States

Journal entries for Esthela Montero

Loan has been disbursed Entrepreneur: Esthela Montero Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to Esthela Montero 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 26, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Esthela Montero 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 (58)

Repayment Schedule for Esthela Montero

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