María Tereza Emiliano


Status: Ended with Loss - Defaulted

$600.00   Loan Request
$312.98   Paid Back

About the Entrepreneur

Name: María Tereza Emiliano
Location: Pedro Brand, Santo Domingo, Dominican Republic
Activity: Grocery Store

About the Loan

Loan Amount: $600.00
Loan Use: To invest in a various goods to restock a small grocery store.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 14, 2008
Date Disbursed: Aug 29, 2008
Date Funded:Aug 15, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.5657 DOP = 1 USD



María Tereza Emiliano is a young entrepreneur who lives in the Batey Arroyo Indio, in the Municipality of Pedro Brand in Santo Domingo. People in Arroyo Indio are living in very precarious conditions. Most of them live in shacks instead of decent houses.

To make a living and try to lift herself out of poverty, María Tereza operates a small grocery store in her community. The young entrepreneur explains that her business is very useful to people in the community, because she offers them various goods they would not be able to get otherwise. However, she explains that her stock is still limited, but she hopes that with the loan that she is requesting, she'll be able to add a greater variety of goods to her business in order to satisfy her customers' needs and move her business forward.

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Hans
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Pennie
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Thomas
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Michelle & Edison
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Journal entries for María Tereza Emiliano


Loan has been disbursed
 
Entrepreneur: María Tereza Emiliano
Location: Pedro Brand, Santo Domingo, Dominican Republic

Thank you for your loan. It has been disbursed to María Tereza Emiliano 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 Pedro Brand, Santo Domingo, Dominican Republic
Aug 29, 2008
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: María Tereza Emiliano
Location: Pedro Brand, Santo Domingo, 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)

Kiva Help Repayment Schedule for María Tereza Emiliano

  Expected Repayments Actual Repayments Comments
November 2008 $100.00 $100.00 Repayment Received
December 2008 $100.00 $100.00 Repayment Received
January 2009 $100.00 $100.00 Repayment Received
February 2009 $100.00 $0.00 Delinquent
March 2009 $100.00 $0.00 Delinquent
April 2009 $100.00 $0.00 Delinquent
December 2009 $0.00 $12.98