David Manuel Rangel Matamoros


Status: Paying Back

$750.00   Loan Amount
75% repaid

About the Entrepreneur

Name: David Manuel Rangel Matamoros
Location: Piedras Negras, Mexico
Activity: Bakery

About the Loan

Loan Amount: $750.00
Loan Use: Purchasing merchandise for making pastries
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 12, 2009
Date Disbursed: Apr 7, 2009
Date Funded:Apr 13, 2009

About the Country

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



David Manuel is a small-businessman who has years of experience making and selling pastries. Before, he had a bakery in Barroteran, Coahuila, but he decided to return to his place of origin and settle there, in Piedras Negras; at the moment, he is working in a mall, which he knows how to do, (bakery) but the reason that he is applying for this loan is so that he can buy raw materials (flour, corn starch, etc. ) and be able to re-start his business. He already has baking equipment, and his wife Patricia will be in charge of selling the products.


Translated from Spanish by Hannah Lily, Kiva Volunteer


El señor David Manuel es un microempresario que cuenta con varios años de experiencia en la elaboración y venta de pan de dulce, el anteriormente tenia una panadería en Barroteran, Coahuila, pero decidió regresar a su lugar de origen y establecerse aquí en Piedras Negras; por el momento esta trabajando en un centro comercial en el área que el se sabe desempeñar, (panadería) pero el motivo por el cual esta tramitando este crédito es la compra de materia prima (harina, fécula de maíz, etc. ) y así reiniciar su negocio, ya que cuenta con la maquinaria para la elaboración del pan y su esposa la señora Patricia se hará cargo de la venta del producto.


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Journal entries for David Manuel Rangel Matamoros


Loan has been disbursed
 
Entrepreneur: David Manuel Rangel Matamoros
Location: Piedras Negras, Mexico

Thank you for your loan. It has been disbursed to David Manuel Rangel Matamoros by Fundación para la Vivienda Progresiva (FVP), a partner of CHF International in Mexico. We are excited to watch this business grow. Over the 11 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 Piedras Negras, Mexico
Apr 14, 2009
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Kiva Help Repayment Schedule for David Manuel Rangel Matamoros

  Expected Repayments Actual Repayments Comments
July 2009 $62.50 $125.02 Repayment Received
August 2009 $62.50 $0.00 Repayment Received
September 2009 $62.50 $62.48 Repayment Received
October 2009 $62.50 $62.50 Repayment Received
November 2009 $62.50 $187.50 Repayment Received
December 2009 $62.50 $125.00 Repayment Received
January 2010 $62.50 Available Jan 1 Repayment Received
February 2010 $62.50 Available Feb 1 Repayment Received
March 2010 $62.50 Available Mar 1 Repayment Received
April 2010 $62.50 Available Apr 1  
May 2010 $62.50 Available May 1  
June 2010 $62.50 Available Jun 1