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Branach: Santo Domingo, Main Office Enterprise : Produces bedspreads and upholstery for furniture. Also sells craft items. Ms. Matilde M. Castillo Jiménez is 58 years old and lives with her husband Mr. Felicito de la Altagracia Villar Guerrero. They have three children (two sons, who are 39 and 31 years old, and a 37-year-old daughter). Each of their children has his or her own family. Matilde and her husband own a house, which they acquired in 1988 and they gitted to their daughter. Matilde and her husband now live in a rental home. Ms. Matilde M. Castillo Jiménez is 58 years old and lives with her husband Mr. Felicito de la Altagracia Villar Guerrero. They have three children (two sons, who are 39 and 31 years old, and a 37-year-old daughter). Each of their children has his or her own family. Matilde and her husband own a house, which they acquired in 1988 and gifted to their daughter. Matilde and her husband now live in a rental home. In 1989, Ms. Matilde started her own business producing bedspreads and upholstery for furniture. Over the years Matilde has managed the business with the support of her husband. They expanded the business in 1993 selling craft items In 1994, Matilde received her first loan from ADOPEM. Since then, she has qualified for seven additional loans (see loan history). Matilde has built up an excellent credit history with ADOPEM. Her vision for the future is to buy a home where she can live with her husband and from which they can conduct their business.
History of the Enterprise: | About the Business | Produces bedspreads and upholstery for furniture. Sales of creatively items | Other businesses | | Location | N/A | | | Founded in | 1989 | | | Initial investment | 700.00 | | | Source of capital to start up the business | Personal savings and support from her husband | | | Use of revenues | Invested into house and business | |
Loan History
| Date of Loan | Loan Amount | Term | Use of Loan | | August 08, 1994 | 5,000.00 | 8 months | | | March 23, 1995 | 10,000.00 | 8 months | | | February 22, 1996 | 15,000.00 | 12 months | | | March 19, 1997 | 25,000.00 | 15 months | | | July 17, 1998 | 40,000.00 | 18 months | | | July 31, 1999 | 55,000.00 | 18 months | | | January 31, 2001 | 100,000.00 | 30 months | | |