Adán Osorio Clemente


Status: Paying Back

$375.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Adán Osorio Clemente
Location: Nuevo Laredo, Mexico
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $375.00
Loan Use: Difference needed for a housing loan by means of Infonavit (government credit)
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 9, 2009
Date Disbursed: Mar 24, 2009
Date Funded:Apr 10, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:13.5959 MXN = 1 USD



Mr. Adán Osorio is the father of the family and has two children for whom he wants the best. At this point in time they live in a rented house but they have the problem that they are about to lose the housing because the rent is very high for their income. Therefore, Adán decided to ask for a house by means of Infonavit (government credit) and thereby give some secure equity to his family.


Adán is asking for a loan to be able to pay the difference between what he has and what is required for the loan so that they can deliver the house.


(When we visited the house of Mr. Adán we did not find him there because it was during his work hours, therefore his wife and children appear in the photograph.)

Translated from Spanish by William Gray, Kiva Volunteer


El señor Adán Osorio es padre de familia y tiene dos hijo para los cuales quiere lo mejor para ellos. En esté momento viven en casa prestada pero tiene el problema que les acaban de pedir la vivienda y las rentas son muy altas para su ingreso, es por eso que decidió solicitar una casa por medio de Infonavit (crédito gubernamental) y así darle un patimonio seguro,a su familia.
Está solicitando un préstamo para poder pagar la diferencia que tiene y le puedan entregar su vivienda. (Cuando realizamos la visita en la casa del señor Adán no se encontraba en ese momento estaba en horario de trabajo, es por eso que en la foto aparece su esposa e hijos)



About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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1 Member

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17 Members

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17 Members

Journal entries for Adán Osorio Clemente


Loan has been disbursed
 
Entrepreneur: Adán Osorio Clemente
Location: Nuevo Laredo, Mexico

Thank you for your loan. It has been disbursed to Adán Osorio Clemente by Fundación para la Vivienda Progresiva (FVP), a partner of CHF International in Mexico. We are excited to watch this business grow. Over the 12 months of this loan, Fundación para la Vivienda Progresiva (FVP), a partner of CHF International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Nuevo Laredo, Mexico
Apr 11, 2009
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Kiva Help Repayment Schedule for Adán Osorio Clemente

  Expected Repayments Actual Repayments Comments
July 2009 $31.25 $31.27 Repayment Received
August 2009 $31.25 $31.20 Repayment Received
September 2009 $31.25 $31.28 Repayment Received
October 2009 $31.25 $31.25 Repayment Received
November 2009 $31.25 $31.25 Repayment Received
December 2009 $31.25 $31.25 Repayment Received
January 2010 $31.25 Available Jan 1  
February 2010 $31.25 Available Feb 1  
March 2010 $31.25 Available Mar 1  
April 2010 $31.25 Available Apr 1  
May 2010 $31.25 Available May 1  
June 2010 $31.25 Available Jun 1