Rodolfo De Los Angeles Cruz Velasquez


Status: Paying Back

$800.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Rodolfo De Los Angeles Cruz Velasquez
Location: Managua, Nicaragua
Activity: Furniture Making

About the Loan

Loan Amount: $800.00
Loan Use: To purchase wood to make furniture.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 12, 2009
Date Disbursed: Jun 9, 2009
Date Funded:Jun 13, 2009

About the Country

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



Rodolfo Cruz is 47 years old. He’s married and has two kids who are studying in school. They live in the neighborhood of Hialeah in the capital of Managua. He has made a living as a cabinetmaker and a carpinter for the past 31 years. His plans are to increase his assets. He started this business with his parents since he was able to be a helper, then he started working for himself. With this loan he plans to buy raw materials to make furniture, powder to make new designs and he will be able to supply his customers with products of great quality. This will allow him to obtain increased profits and to allow his business grow.


(Translated by Alexis of San Roque High School)

Translated from Spanish by San Roque School, Kiva Volunteer


El señor Rodolfo Cruz tiene la edad de 47 años, casado y con dos hijos que cursan sus estudios, reside en el barrio Hialeah en la capital de Managua, el trabajo que desempeña es de evanista y maestro de carpintería desde hace treinta y un año, sus planes es incrementar su patrimonio, este negocio lo inicio con sus padres ya que el era ayudante, luego trabajo por cuenta propia, con este crédito quiere comprar materia prima para hacer mueble, poder realizar nuevos diseños para seguir ofertando sus productos de calidad y captar clientes nuevos. Que le permita obtener mejores beneficios de ganancia para poder proyectarse en hacer crecer su negocio.

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Journal entries for Rodolfo De Los Angeles Cruz Velasquez


Loan has been disbursed
 
Entrepreneur: Rodolfo De Los Angeles Cruz Velasquez
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Rodolfo de los Angeles Cruz Velasquez 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 14, 2009
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Kiva Help Repayment Schedule for Rodolfo De Los Angeles Cruz Velasquez

  Expected Repayments Actual Repayments Comments
September 2009 $66.67 $66.95 Repayment Received
October 2009 $66.67 $69.76 Repayment Received
November 2009 $66.67 $66.98 Repayment Received
December 2009 $66.67 $67.84 Repayment Received
January 2010 $66.67 Available Jan 1  
February 2010 $66.67 Available Feb 1  
March 2010 $66.67 Available Mar 1  
April 2010 $66.67 Available Apr 1  
May 2010 $66.67 Available May 1  
June 2010 $66.67 Available Jun 1  
July 2010 $66.67 Available Jul 1  
August 2010 $66.63 Available Aug 1