Angela Maria Figuereo Martinez


Status: Ended with Loss - Defaulted

$450.00   Loan Request
$91.23   Paid Back

About the Entrepreneur

Name: Angela Maria Figuereo Martinez
Location: San Cristobal, Dominican Republic
Activity: Clothing Sales

About the Loan

Loan Amount: $450.00
Loan Use: Purchase new fashionable clothing for her small business
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 27, 2008
Date Disbursed: Oct 11, 2008
Date Funded:Sep 27, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611.00
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:34.9815 DOP = 1 USD



Angela Maria has been member of our microcredit program for more than two years, and she started her small business selling clothing with the first loan she received from FSMA. Currently Angela's business is in the black, and she wants to boost her earnings.



The entrepreneur also explains that turn-over at her small store is very rapid, so she constantly needs money to acquire new garments in order to meet her customers' needs. With her loan, the successful entrepreneur will buy an assortment of stylish shirts and pants to add to her inventory. Angela Maria hopes that her business will allow her to get enough money together to enjoy her golden years.


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Journal entries for Angela Maria Figuereo Martinez


Loan has been disbursed
 
Entrepreneur: Angela Maria Figuereo Martinez
Location: San Cristobal, Dominican Republic

Thank you for your loan. It has been disbursed to Angela Maria Figuereo Martinez 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 11, 2008
Comment on this entry

Update on your loan in the Dominican Republic
 
Entrepreneur: Angela Maria Figuereo Martinez
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)

Kiva Help Repayment Schedule for Angela Maria Figuereo Martinez

  Expected Repayments Actual Repayments Comments
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
May 2009 $75.00 $0.00 Delinquent
June 2009 $75.00 $0.00 Delinquent
December 2009 $0.00 $16.23