Lucrecia Carmona Mendez

Status: Ended with Loss - Defaulted

$200.00		Loan Request
$40.54		Paid Back

About the Entrepreneur

Name:	Lucrecia Carmona Mendez
Location:	San Cristobal, Dominican Republic
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$200.00
Loan Use:	Purchase of ingredients to produce sweets and arepas for her clients.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Sep 30, 2008
Date Disbursed:	Oct 14, 2008
Date Funded:	Sep 30, 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:	35.1305 DOP = 1 USD

Lucrecia is married with five children, and she lives in Los Roche, a low-income community located in San Cristobal. Her husband has a motorcycle that he uses as a moto-taxi in order to earn some money. Lucrecia produces candies and arepas (cornmeal rolls) to order. She also sells ripe fruits and vegetables in her neighborhood. Every day she has to leave her house and travel sometimes long distances to deliver her orders. In the late afternoon, she starts selling her vegetables in the public market.

Lucrecia has requested a loan to increase her working capital and to invest in the purchase of ingredients to keep producing her sweets and arepas. She hopes that someday she'll have a big pastry shop with a lot of employees and many customers visiting it at every time.

Lenders to this entrepreneur

Rose
New Orleans, LA
United States

Jack
Washington, DC
United States

Cobe
Windsor, Ontario
Canada

Anonymous
kivafriends.org Eastport, Maine
United States

Carlo
White Plains, NY
United States

Glen
Victoria, British Columbia
Canada

Zoe
halesite, NY
United States

Top Lending Teams for this entrepreneur

Team Obama
Common Interest
3022 Members

Journal entries for Lucrecia Carmona Mendez

Loan has been disbursed Entrepreneur: Lucrecia Carmona Mendez Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to Lucrecia Carmona Mendez 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 14, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Lucrecia Carmona Mendez 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)

Repayment Schedule for Lucrecia Carmona Mendez

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$33.33	$33.33	Repayment Received
February 2009	$33.33	$0.00	Delinquent
March 2009	$33.33	$0.00	Delinquent
April 2009	$33.33	$0.00	Delinquent
May 2009	$33.33	$0.00	Delinquent
June 2009	$33.35	$0.00	Delinquent
December 2009	$0.00	$7.21