Carmen Montenegro
| $875 |
Loan Request
Disbursed
: Nov 19, 2006
Listed: Nov 4, 2006
Funded: Nov 5, 2006
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|---|---|
| $875 |
Paid Back
Ended: Sep 28, 2007
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About the Field Partner
| MIFEX administers this loan. Learn more | |||||||
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| Field Partner: | MIFEX | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Closed | ||||||
| Time on Kiva: | 45 months | ||||||
| Kiva Entrepreneurs: | 1918 | ||||||
| Total Loans: | $1,396,800 | ||||||
| Interest & Fees are Charged: | No (Learn more) | ||||||
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| Delinquency Rate: | N/A - No Paying Back Loans | ||||||
| Default Rate: | 24.14% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Ecuador |
|---|---|
| Avg Annual Income: | $4,776 |
| Currency: | United States Dollars (USD) |
About the Loan
| Location: | Guayaquil, Ecuador | Repayment Term: | 12 months (more info) |
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|---|---|---|---|---|
| Activity: | Decorations Sales | Repayment Schedule: | Monthly | |
| Loan Use: | Buy molds and materials for ceramic production | Currency Exchange Loss: | N/A | |
| Default Protection: | Covered |
Carmen owns a shop where she makes ceramic decorations. She learned how to work with ceramics from her parents when she was 18. When she got married 10 years ago she and her ex-husband set up the business in her home with the help of her parents who provided the ceramic oven which cost $100 at the time. Slowly she bought the molds for her decorations which became popular in her neighborhood. Now she not only sells ceramics she also teaches others how to make them through her courses. She is seeking investment capital in order to invest in molds and paints for her ceramics. She is anxious to receive the loan so she may improve her business and provide a better living for her 3 children whom she cares for on her own.
Mifex offers its clients microinsurance and access to business training and educational programs. For more information about microfinance, Ecuador, and our services, please visit www.mifex.org.
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Journal entries for Carmen Montenegro
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Noticias
Location: Guayaquil, Ecuador
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Posted by
Luis Crespo from Guayaquil, Ecuador
Nov 28, 2006 |
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Comments (1)
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Repayment Schedule for Carmen Montenegro
Repayment Schedule for Carmen Montenegro
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| February 2007 | $87.50 | $88.00 |  Repayment Received
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| March 2007 | $87.50 | $88.00 | Repayment Received
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| April 2007 | $87.50 | $0.00 | Repayment Received
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| May 2007 | $87.50 | $88.00 | Repayment Received
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| June 2007 | $87.50 | $176.00 | Repayment Received
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| July 2007 | $87.50 | $88.00 | Repayment Received
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| August 2007 | $87.50 | $88.00 | Repayment Received
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| September 2007 | $87.50 | $88.00 | Repayment Received
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| October 2007 | $87.50 | $88.00 | Repayment Received
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| November 2007 | $87.50 | $83.00 | Repayment Received
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