Máxima Sepúlveda

Status: Paid Back

$1,200
Loan Request
Disbursed : Dec 8, 2007
Listed: Nov 24, 2007
Funded: Nov 24, 2007
$1,200
Paid Back
Ended: Jun 8, 2008

About the Country

Country:Dominican Republic
Avg Annual Income:$7,611
Currency:Dominican Republic Pesos (DOP)
Exchange Rate:33.3705 DOP = 1 USD


About the Loan

Location: Yamasa, Dominican Republic   Repayment Term: 9 months
(more info)
Activity: Fruits & Vegetables   Repayment Schedule: Monthly
Loan Use: Purchase vegetables to supply a general store and rent a small locale to run the business.   Currency Exchange Loss: Covered
      Default Protection: Covered
Máxima is an honest and very respectful woman in her community. She is known in the town as a positive, assiduous and hard-working woman. For almost two years, she has been selling vegetables. Within her house, where she runs the business, people go to acquire goods such as carrots, manioc, yams, beetroot and so forth. Fortunately, Máxima doesn´t have to go outside the town to get products since her husband has some fields and cultivates the vegetables. Currently, she makes a weekly profit of $130.00.

The entrepreneur wants to enlarge the business and attract more clients. She plans to rent a locale where she will run the business. That will help customers more conveniently make their purchases. Her business will also be more competitive, since clients like to feel comfortable when they go to a store to buy goods. Máxima also plans to add new products to the business. She says that before long, she will start to sell foodstuffs like bread, flour, rice, beans and spices.

With the loan requested, Máxima will purchase the new goods she will add to her business. The other part of money will be invested in the rental of the new locale where business will be run. Additional income will greatly help the entrepreneur to improve her economic situation, and keep fending for her four children. Máxima has a good credit history. She has already taken a loan from FSMA and, responsibly, she has repaid it.

Subscribe

Lenders to this entrepreneur

Morten
Drammen, Europe
Norway

Shirley
Lawrenceville, GA
United States

Jonathan
West Cornwall, CT
United States

Pete & Family
Scottsdale, AZ
United States

Outdoor Talk - Members
United States, TN
United States

Gary
Spalding, Lincolnshire
United Kingdom

Mark
Everett, WA
United States

Kim and Jeff
Austin, TX
United States

Jose Sola
S. Setauket, NY
United States

Neil
Cornwall, Ontario
Canada

Anonymous
RED DEER, Alberta
Canada

mary
norfolk, VA
United States

Foundation Wereldwijs
Tilburg,
Netherlands

Elizabeth
Huntingdon Valley, PA
United States

Dave
West Linn, OR
United States

John & Noni
Highland, NY
United States

Frances
Bellingham, WA
United States

Anonymous
Marion, OH
United States

Larry
Claremont, CA
United States

Teresa
Memphis, TN
United States

Tom and Glenda
Fort Collins, CO
United States

David
Seattle, WA
United States



Journal entries for Máxima Sepúlveda


Loan has been disbursed
 
Entrepreneur: Máxima Sepúlveda
Location: Yamasa, Dominican Republic

Thank you for your loan. It has been disbursed to Máxima Sepúlveda by Fundación San Miguel Arcángel, Inc. in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Fundación San Miguel Arcángel, Inc. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Yamasa, Dominican Republic
Dec 8, 2007
Comment on this entry

Kiva Help Repayment Schedule for Máxima Sepúlveda

  Expected Repayments Actual Repayments Comments
March 2008 $200.00 $200.00 Repayment Received
April 2008 $200.00 $200.00 Repayment Received
May 2008 $200.00 $200.00 Repayment Received
June 2008 $200.00 $200.00 Repayment Received
July 2008 $200.00 $200.00 Repayment Received
August 2008 $200.00 $200.00 Repayment Received