Yolanda Novas
Status: Paid Back
| $600 |
Loan Request
Disbursed
: Feb 14, 2008
Listed: Jan 31, 2008
Funded: Jan 31, 2008
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| $600 |
Paid Back
Ended: Aug 15, 2008
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About the Field Partner
| Fundación San Miguel Arcángel, Inc. (FSMA) administers this loan. Learn more | |||||||
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| Field Partner: | Fundación San Miguel Arcángel, Inc. (FSMA) | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Closed | ||||||
| Time on Kiva: | 31 months | ||||||
| Kiva Entrepreneurs: | 2017 | ||||||
| Total Loans: | $593,750 | ||||||
| Interest & Fees are Charged: | No (Learn more) | ||||||
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| Delinquency Rate: | N/A - No Paying Back Loans | ||||||
| Default Rate: | 27.80% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Dominican Republic |
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| Avg Annual Income: | $7,611 |
| Currency: | Dominican Republic Pesos (DOP) |
| Exchange Rate: | 33.7425 DOP = 1 USD |
About the Loan
| Location: | Santo Domingo, Dominican Republic | Repayment Term: | 9 months (more info) |
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| Activity: | Clothing Sales | Repayment Schedule: | Monthly | |
| Loan Use: | Purchase clothing to supply a small business. | Currency Exchange Loss: | Covered | |
| Default Protection: | Covered |
Yolanda is twenty-four-years old and a mother of three children. She lives in Mata Los Indios, in the community of Santo Domingo.
Yolanda sells a collection of pants, shoes, and underwear to men and women of her community. Yolanda explains that twice a month, she has to take a trip outside the capital in order to get the garments at low prices. This way, she makes sure she will have good profits. Currently, her products are in high demand, but she is in short supply. Therefore, Yolanda is requesting a loan (the second loan she will take from FSMA) to buy clothing in bulk, in order to satisfy her customers’ needs.
Yolanda sells a collection of pants, shoes, and underwear to men and women of her community. Yolanda explains that twice a month, she has to take a trip outside the capital in order to get the garments at low prices. This way, she makes sure she will have good profits. Currently, her products are in high demand, but she is in short supply. Therefore, Yolanda is requesting a loan (the second loan she will take from FSMA) to buy clothing in bulk, in order to satisfy her customers’ needs.
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Journal entries for Yolanda Novas
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Loan has been disbursed
Location: Santo Domingo, Dominican Republic
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Posted by
from Santo Domingo, Dominican Republic
Feb 15, 2008 |
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Comment on this entry
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Repayment Schedule for Yolanda Novas
Repayment Schedule for Yolanda Novas
| Expected Repayments | Actual Repayments | Comments | |||
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| May 2008 | $100.00 | $100.00 |  Repayment Received
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| June 2008 | $100.00 | $100.00 | Repayment Received
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| July 2008 | $100.00 | $100.00 | Repayment Received
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| August 2008 | $100.00 | $100.00 | Repayment Received
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| September 2008 | $100.00 | $100.00 | Repayment Received
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| October 2008 | $100.00 | $100.00 | Repayment Received
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