Otoniel Hernandez García


Status: Paying Back

$375.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Otoniel Hernandez García
Location: Piedras Negras, Mexico
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $375.00
Loan Use: To install electrical wiring in his house.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 13, 2009
Date Disbursed: Jun 11, 2009
Date Funded:Jun 17, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:13.5879 MXN = 1 USD



Señor Otoniel lives with his wife, Señora Nancy, and they have three children. One of the children has a disability, and this motivates them to work harder every day to get ahead. Señor Otoniel is employed in the area of heavy equipment for one of his country's very important businesses. Both he and his wife are arranging this loan in order to replace the electrical wiring in their house. Previously they were renting it out but the tenants left it in bad condition and they would like to fix up the house so they can move into it.

Translated from Spanish by Daniel Kvaka, Kiva Volunteer


El señor Otoniel vive con su esposa la señora Nancy y son padres de 3 hijos, uno de ellos con una discapacidad diferente, motivo que les da por luchar mas cada día para salir adelante.
El señor Otoniel es empleado en el área de maquinaria pesada en una empresa muy importante del país.
El al igual que su esposa están tramitando este crédito para reinstalar el cableado eléctrico de la vivienda, que anteriormente la estaban rentando pero la dejaron en muy malas condiciones y ellos desean acondicionarla la casa para poder mudarse a ella.




About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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Journal entries for Otoniel Hernandez García


Loan has been disbursed
 
Entrepreneur: Otoniel Hernandez García
Location: Piedras Negras, Mexico

Thank you for your loan. It has been disbursed to Otoniel Hernandez García 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
Jun 18, 2009
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Kiva Help Repayment Schedule for Otoniel Hernandez García

  Expected Repayments Actual Repayments Comments
August 2009 $0.00 $31.27  
September 2009 $31.25 $0.00 Repayment Received
October 2009 $31.25 $31.23 Repayment Received
November 2009 $31.25 $31.25 Repayment Received
December 2009 $31.25 $31.25 Repayment Received
January 2010 $31.25 Available Jan 1  
February 2010 $31.25 Available Feb 1  
March 2010 $31.25 Available Mar 1  
April 2010 $31.25 Available Apr 1  
May 2010 $31.25 Available May 1  
June 2010 $31.25 Available Jun 1  
July 2010 $31.25 Available Jul 1  
August 2010 $31.25 Available Aug 1