Ines Reyes Arauz


Status: Paying Back

$1,000.00   Loan Amount
67% repaid

About the Entrepreneur

Name: Ines Reyes Arauz
Location: Managua, Nicaragua
Activity: Food Market

About the Loan

Loan Amount: $1,000.00
Loan Use: To buy basic grains and canned goods
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 15, 2009
Date Disbursed: Apr 3, 2009
Date Funded:Apr 18, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.2525 NIO = 1 USD



Inés, 46, has had a mini market for 17 years. She started the business with liquidation from a previous job. She also had her husband’s help.

She lives in the Villa Venezuela with her three children who are 9, 20 and 25. The two older children work, and the youngest goes to school.

This is her 9th application with Afodenic. She is thankful for the opportunity and benefits she has achieved (like sales) in her business. With this loan she will buy various merchandise like basic grains, canned goods, and products that are consumed daily. She hopes this will increase her sales and give her better earnings.

Her future plan is to be able to have savings to support her son in his studies.

Translated from Spanish by Ginny Kalish, Kiva Volunteer


Doña Inés tiene 46 años de edad, tiene una pulpería que desde hade diesiciete años administra sus ventas la cual inicio con liquidación del trabajo anterior y ayuda de su esposo, reside en el barrio Villa Venezuela con tres hijos de 9, 20 y 25 años de edad, los dos mayores trabajan y el pequeño estudia, esta es su novena solicitud en Afodenic y da las gracias por la oportunidad y los beneficios que ha logrado en su negocio como en sus ventas. Con este crédito va invertir en mercadería variada como granos básicos, productos enlatados, y productos de consumo diario. Lo cual espera elevar las ventas y poder tener mejores ganancias. Sus planes a futuro es poder mantener ahorros para apoyar a a su hijo con los estudios.

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Journal entries for Ines Reyes Arauz


Loan has been disbursed
 
Entrepreneur: Ines Reyes Arauz
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Ines Reyes Arauz by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 9 months of this loan, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Apr 19, 2009
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Kiva Help Repayment Schedule for Ines Reyes Arauz

  Expected Repayments Actual Repayments Comments
July 2009 $111.11 $113.29 Repayment Received
August 2009 $111.11 $111.53 Repayment Received
September 2009 $111.11 $112.57 Repayment Received
October 2009 $111.11 $111.45 Repayment Received
November 2009 $111.11 $111.83 Repayment Received
December 2009 $111.11 $111.15 Repayment Received
January 2010 $111.11 Available Jan 1  
February 2010 $111.11 Available Feb 1  
March 2010 $111.12 Available Mar 1