Rafaela Miguelina Reyes De Jesus

Status: Ended with Loss - Defaulted

$450.00		Loan Request
$234.74		Paid Back

About the Entrepreneur

Name:	Rafaela Miguelina Reyes De Jesus
Location:	Pedro Brand, Santo Domingo, Dominican Republic
Activity:	Clothing Sales

About the Loan

Loan Amount:	$450.00
Loan Use:	Purchase some fashionable pants and blouses for her business.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Aug 15, 2008
Date Disbursed:	Aug 30, 2008
Date Funded:	Aug 16, 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

Rafaela Miguelina is 29 years old, and this is her second loan from FSMA. Rafaela sells women’s clothing in her community, and happily says that her garments sell quickly. Rafaela is a skilled vendor, and she is able to build many connections with her customers. She is requesting a second loan in order to purchase an exclusive assortment of pants and blouses to add to her inventory. She believes that this collection will allow her to generate a better profit than her current stock. Rafaela hopes that her business will allow her to buy her own house before long.

Lenders to this entrepreneur

He Just Laughs
Jersey City, NJ
United States

Ryan
Azusa, CA
United States

Ven.
Toowoomba, Queensland
Australia

Kiva Fund. Group,S/L
Aloft Island, Secondlife.com
United States

Danny
Phoenix, AZ
United States

Paul
Almere,
Netherlands

ojas
Pflugerville, TX
United States

John
Austin, TX
United States

Alexandra
Zürich,
Switzerland

Jennifer
San Clemente, CA
United States

Muggins
Calgary, Alberta
Canada

Ivano
Genoa, Genova
Italy

Kristen
Rochester, NY
United States

Gregor
Austria,
Austria

Alejandro
Salt Lake City, UT
United States

Journal entries for Rafaela Miguelina Reyes De Jesus

Loan has been disbursed Entrepreneur: Rafaela Miguelina Reyes De Jesus Location: Pedro Brand, Santo Domingo, Dominican Republic Thank you for your loan. It has been disbursed to Rafaela Miguelina Reyes De Jesus 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 30, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Rafaela Miguelina Reyes De Jesus 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 Rafaela Miguelina Reyes De Jesus

Show Advanced

	Expected Repayments	Actual Repayments	Comments
November 2008	$75.00	$75.00	Repayment Received
December 2008	$75.00	$75.00	Repayment Received
January 2009	$75.00	$75.00	Repayment Received
February 2009	$75.00	$0.00	Delinquent
March 2009	$75.00	$0.00	Delinquent
April 2009	$75.00	$0.00	Delinquent
December 2009	$0.00	$9.74