Santa Inocencia Brito

Status: Ended with Loss - Defaulted

$1,150.00		Loan Request
$233.13		Paid Back

About the Entrepreneur

Name:	Santa Inocencia Brito
Location:	San Cristobal, Dominican Republic
Activity:	Jewelry

About the Loan

Loan Amount:	$1,150.00
Loan Use:	To Invest in jewelry to increase income and improve the standard of living
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Sep 20, 2008
Date Disbursed:	Oct 4, 2008
Date Funded:	Sep 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:	35.1830 DOP = 1 USD

Santa Inocencia is a single mother pushing hard to make a living and taking care of her three school age children. Inocencia is a very positive woman. She explains that she had to fight literally against friends and neighbors who told her it's not a good idea to start a small business at her age. Inocencia defines herself as a hard-working woman, and consequently believes that she's a good chance of achieving her goals.

This loan is to invest in costume jewelry in order to start a small business which will help her take care of her children. Inocencia lives in an isolated rural community of San Cristobal, called Canasta, with lots of modest means people. Currently, she's between jobs and says that selling the jewelry is the most viable option she has to ensure her children's well-being.

Santa Inocencia will receive her loan together with other four women who live and are operating small businesses in the community. They are: Mireya Gonzales Mendoza, who'll use her loan to invest in beauty products, Isidora Nova, who sells hair products, Carmela Maria Mateo Pinales, who sells clothing and Lourdes Margarita Jimenez Mateo, a young entrepreneur who sells women's clothing.

Photo shows from left to right: Santa Inocencia, Mireya, Isidora, Carmela and Lourdes Margarita.

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Journal entries for Santa Inocencia Brito

Loan has been disbursed Entrepreneur: Santa Inocencia Brito Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to Santa Inocencia Brito 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 Oct 5, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Santa Inocencia Brito 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 (57)

Repayment Schedule for Santa Inocencia Brito

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$191.67	$191.67	Repayment Received
February 2009	$191.67	$0.00	Delinquent
March 2009	$191.67	$0.00	Delinquent
April 2009	$191.67	$0.00	Delinquent
May 2009	$191.67	$0.00	Delinquent
June 2009	$191.65	$0.00	Delinquent
December 2009	$0.00	$41.46