Francisca Quezada

Status: Ended with Loss - Defaulted

$725.00		Loan Request
$378.18		Paid Back

About the Entrepreneur

Name:	Francisca Quezada
Location:	Pedro Brand, Santo Domingo, Dominican Republic
Activity:	Grocery Store

About the Loan

Loan Amount:	$725.00
Loan Use:	Purchase various goods to replenish her grocery store.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Aug 15, 2008
Date Disbursed:	Sep 3, 2008
Date Funded:	Aug 20, 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:	34.5657 DOP = 1 USD

Francisca is an experienced and successful businesswoman living in Pedro Brand, Santo Domingo. She's been operating a grocery store in her community for many years. Her business has been the principal source of income for her family, and she proudly says that she could support her children's educations through her store. A couple of months ago, Francisca requested a loan from FSMA, which she invested to enlarge her business and add a large variety of goods in order to satisfy her customers' needs. Francisca used her loan wisely and she managed to make her business stronger and attract new clients. She also repaid the loan on time. Now, she's requesting a second loan to add new products to restock her store and keep moving her business forward.

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Journal entries for Francisca Quezada

Loan has been disbursed Entrepreneur: Francisca Quezada Location: Pedro Brand, Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to Francisca Quezada 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 Sep 3, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Francisca Quezada 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 (57)

Repayment Schedule for Francisca Quezada

Show Advanced

	Expected Repayments	Actual Repayments	Comments
December 2008	$120.83	$121.00	Repayment Received
January 2009	$120.83	$120.67	Repayment Received
February 2009	$120.83	$120.83	Repayment Received
March 2009	$120.83	$0.00	Delinquent
April 2009	$120.83	$0.00	Delinquent
May 2009	$120.85	$0.00	Delinquent
December 2009	$0.00	$15.68