Michael Gerardo Arauz Pilarte


Status: Paying Back

$525.00   Loan Amount
41% repaid

About the Entrepreneur

Name: Michael Gerardo Arauz Pilarte
Location: Managua, Nicaragua
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $525.00
Loan Use: Comprar materiales de construccion para terminar de hacer su vivienda
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 29, 2009
Date Disbursed: Apr 29, 2009
Date Funded:May 31, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:19.1195 NIO = 1 USD



Mr. Michael Gerardo Arauz Pilarte is 26 years old and lives in the housing development Juan Ramón Padilla. He lives with his wife, who works to help him with the household expenses. They have three children who are all students. They would like to improve their lives.

He has worked as a fireman for 7 years with TEXACO. With earlier loans, he was able to build part of his home. With this loan (his 5th round with Adodenic), he will buy construction materials so he can finish his house and be able to enjoy a dignified house together with his family. He is thankful for the institution and the benefits they have provided.

Translated from Spanish by Shelly Hubman, Kiva Volunteer


El señor Michael Gerardo Arauz Pilarte tiene la edad de 26 años, habita en el reparto Juan Ramón Padilla, junto a su esposa, la cual trabaja para apoyarle con los gastos del hogar, ellos tiene tres hijos, los cuales todos estudian, los planes hacia su familia es mejorar las condiciones de vida, desde hace siete años trabaja como bombero en TEXACO, el con financiamientos anteriores logro hacer parte de su vivienda, con este crédito es su quinto ciclo en Afodenic el cual va a comprar materiales de construcción para terminar de hacer su vivienda, y poder gozar con su familia de una casa digna. da las gracias a la institución por los beneficios logrado.


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Journal entries for Michael Gerardo Arauz Pilarte


Loan has been disbursed
 
Entrepreneur: Michael Gerardo Arauz Pilarte
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Michael Gerardo Arauz Pilarte by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 12 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
Jun 1, 2009
Comment on this entry

Kiva Help Repayment Schedule for Michael Gerardo Arauz Pilarte

  Expected Repayments Actual Repayments Comments
August 2009 $43.75 $45.20 Repayment Received
September 2009 $43.75 $44.29 Repayment Received
October 2009 $43.75 $41.76 Repayment Received
November 2009 $43.75 $44.59 Repayment Received
December 2009 $43.75 $44.01 Repayment Received
January 2010 $43.75 Available Jan 1  
February 2010 $43.75 Available Feb 1  
March 2010 $43.75 Available Mar 1  
April 2010 $43.75 Available Apr 1  
May 2010 $43.75 Available May 1  
June 2010 $43.75 Available Jun 1  
July 2010 $43.75 Available Jul 1