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Wilfredo
With a loan of 51,750 pesos, Wilfredo has been able to pay off a loan that had an excessively high interest rate.

Wilifredo has been a transportation route driver in his community for 10 years. The monthly payments that he had to pay on the loan for his vehicle were so high that, along with monthly maintenance costs for the minibus, he was left with hardly enough money to maintain his home.

Wilifredo is married, his wife sells empanadas at the public school in the community. They have two children, aged 14 and 7, who attend that same school.

Wilifredo plans to change the vehicle once he has finished paying off the loan. Wilifredo wants to finish high school, and in this way set an example for his children to motivate them to continue their studies.
View original language description ↓
Con un préstamo de 51,750 pesos Wilfredo ha podido saldar un préstamo que tenía a una tasa de interés muy onerosa (excesivamente alta).
Wilfredo ha sido chofer de una ruta de trasporte de su comunidad por diez años, las cuotas mensuales que tenía que pagar del préstamo de su vehículo eran tan altas, que esto, sumado con el mantenimiento mensual al minibus, a penas dejaban el dinero suficiente para poder mantener su casa.
Wildredo es casado, su esposa vende empanadas en la escula pública de la comunidad. Tienen dos hijos de 14 y 7 años que asisten a esta misma escuela.
Wilfredo planea cambiar el vehículo una vez haya terminado de pagar este préstamo. Wilfredo desea terminar el bachiller, para así dar ejemplo a sus hijos y motivarlos a que continuen estudiando.

About Dominican Republic

  • $7,611
    Average annual income
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,088,925
    Funds lent in using Kiva
  • 39.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Wilfredo to settle the payment on his minibus.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 19, 2013