Lorenzo Romulio Batz Lopez


Status: Paying Back

$875.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Lorenzo Romulio Batz Lopez
Location: Totonicapan, Guatemala
Activity: Textiles

About the Loan

Loan Amount: $875.00
Loan Use: Artesania (Ampliacion de capital) - to expand his capital
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 6, 2009
Date Disbursed: Apr 24, 2009
Date Funded:May 6, 2009

About the Country

Country:Guatemala
Avg Annual Income:$4,155.00
Currency:Guatemala Quetzales (GTQ)
Exchange Rate:8.0965 GTQ = 1 USD



Mr.Lorenzo Romilio Batz López is 35 years old, is married and lives with his wife and 5 children. He is a textile artisan and has been designing and creating different textile accessories (tipical to the the Chupachec region, cantón Juchanep District of Totonicapán, Guatemala) for the past 11 years. Currently, due to the slow economic conditions, he finds himself without sufficient resources to cover the demand of his clients. It is for this reason that he has reached out to the ASDIR Association and has requested a loan. He will use the loan to purchase good quality materials for his craft and to hire more people to work in his shop. This will hopefully help him meet his clients' demands as well as bring in more income.

Translated from Spanish by Mayra Gould, Kiva Volunteer



Don Lorenzo Romilio Batz López cuenta con 35 años de edad, es casado y se dedica a la artesanía, elaborando cortes típicos habita junto a su esposa y con sus 5 hijos, conjuntamente con sus esposa, a la actividad a la que se dedica, lleva 11 años de elaborar este producto se encuentra ubicado en el paraje Chupachec, cantón Juchanep Departamento de Totonicapán, Guatemala, actualmente, las condiciones económicas en que se encuentra no son suficientes para cubrir la demanda de sus clientes y la anta demande de su producto por tal razón acudió a la Asociación ASDIR, a solicitar un préstamo, con la intención de comprar materia prima y de contratar mas personas en su pequeño taller de Artesania así también surtir aun más su producto, como también mejorar sus ingresos.

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Journal entries for Lorenzo Romulio Batz Lopez


Loan has been disbursed
 
Entrepreneur: Lorenzo Romulio Batz Lopez
Location: Totonicapan, Guatemala

Thank you for your loan. It has been disbursed to Lorenzo Romulio Batz Lopez by Asociación ASDIR in Guatemala. We are excited to watch this business grow. Over the 11 months of this loan, Asociación ASDIR will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Totonicapan, Guatemala
May 7, 2009
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Kiva Help Repayment Schedule for Lorenzo Romulio Batz Lopez

  Expected Repayments Actual Repayments Comments
July 2009 $72.92 $72.92 Repayment Received
August 2009 $72.92 $72.92 Repayment Received
September 2009 $72.92 $72.92 Repayment Received
October 2009 $72.92 $72.92 Repayment Received
November 2009 $72.92 $72.92 Repayment Received
December 2009 $72.92 $72.92 Repayment Received
January 2010 $72.92 Available Jan 1  
February 2010 $72.92 Available Feb 1  
March 2010 $72.92 Available Mar 1  
April 2010 $72.92 Available Apr 1  
May 2010 $72.92 Available May 1  
June 2010 $72.88 Available Jun 1