Asuncion Tibrey Guillen

Status: Ended with Loss - Defaulted

$350.00		Loan Request
$70.95		Paid Back

About the Entrepreneur

Name:	Asuncion Tibrey Guillen
Location:	San Cristobal, Dominican Republic
Activity:	Fruits & Vegetables

About the Loan

Loan Amount:	$350.00
Loan Use:	To buy fruit and vegetables for a small business
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Oct 19, 2008
Date Disbursed:	Nov 2, 2008
Date Funded:	Oct 19, 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:	34.9090 DOP = 1 USD

Asuncion is a humble woman and the mother of four school-going children. She lives in one of the most impoverished communities in San Cristobal. In fact, most of the people living in San Francisco are unemployed and undereducated.

To make a living and take care of her needy family, Asuncion operates a fruit and vegetable stand. Each day, she leaves her house early to go the street market where she sells her goods.

The entrepreneur has requested her loan so that she can have enough working capital to make her business progress. She hopes that her business can be more profitable. This way, she'll be able to repay her loan quickly so that she can be given a larger loan.

Lenders to this entrepreneur

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Paul

Erika
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Jackie

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dunya g.
evanston, IL
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Juanfe
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r & l
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Jerry
Cheyenne, WY
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Ben
Bloomington, IN
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Darrel
Bonner Springs, KS
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Journal entries for Asuncion Tibrey Guillen

Loan has been disbursed Entrepreneur: Asuncion Tibrey Guillen Location: San Cristobal, Dominican Republic Thank you for your loan. It has been disbursed to Asuncion Tibrey Guillen 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 Nov 3, 2008
Comment on this entry

Update on your loan in the Dominican Republic Entrepreneur: Asuncion Tibrey Guillen 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 Asuncion Tibrey Guillen

Show Advanced

	Expected Repayments	Actual Repayments	Comments
February 2009	$58.33	$58.33	Repayment Received
March 2009	$58.33	$0.00	Delinquent
April 2009	$58.33	$0.00	Delinquent
May 2009	$58.33	$0.00	Delinquent
June 2009	$58.33	$0.00	Delinquent
July 2009	$58.35	$0.00	Delinquent
December 2009	$0.00	$12.62