Tomasa Sanchez Morillo

Status: Ended with Loss - Defaulted

$350.00		Loan Request
$182.57		Paid Back

About the Entrepreneur

Name:	Tomasa Sanchez Morillo
Location:	San Cristobal, Dominican Republic
Activity:	Pub

About the Loan

Loan Amount:	$350.00
Loan Use:	Purchase of more drinks to keep running her store.
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

Tomasa is an experienced entrepreneur and a proud mother of five sons, ranging in age from seven to their twenties, all of whom go to school. Her husband works as watchman for a private security company. Tomasa operates a small store which offers chilled refreshments and beer to people in her neighborhood. Tomasa explains that her business is very successful, as a lot of people visit the store every day and her clientele keeps growing. This loan is to buy more drinks, especially beer, without which the entrepreneur could lose many sales particularly during the week-ends.

Lenders to this entrepreneur

He Just Laughs
Jersey City, NJ
United States

Kristiaan
Amersfoort,
Netherlands

Diane R
KivaFriends.org, Santa Clara, CA
United States

Krista
Spokane, WA
United States

Susan
Cerrillos, NM
United States

barbaraegiovanni
Perugia, Perugia
Italy

Neal
Kirkland, WA
United States

Taylor
Wetaskiwin, Alberta
Canada

Ben
Miami, FL
United States

3B-EDITIONS
DIJON,
France

Skip & Cindy
Norfolk, VA
United States

Vincent
Buffalo, NY
United States

Miko
San Francisco, CA
United States

Karen
Los Altos, CA
United States

Journal entries for Tomasa Sanchez Morillo

Loan has been disbursed Entrepreneur: Tomasa Sanchez Morillo Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to Tomasa Sanchez Morillo 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: Tomasa Sanchez Morillo 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 Tomasa Sanchez Morillo

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