Luis Enrique Reyes Cortes


Status: Paying Back

$550.00   Loan Amount
22% repaid

About the Entrepreneur

Name: Luis Enrique Reyes Cortes
Location: Nuevo Laredo, Mexico
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $550.00
Loan Use: Difference in the deposit needed to acquire a home through Infonavit
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 23, 2009
Date Disbursed: Jun 1, 2009
Date Funded:Jun 25, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:13.3932 MXN = 1 USD



Señor Luis Enrique Reyes lives in a leased home as a single and he is soon going to get married. He wants to have his own home, which is why he decided to attain a home through Infonavit (Government Creditor), but the cost of a house is greater than the credit that he can receive due to his low salary.

Therefore, he is requesting a loan to meet the cost of the house and obtain a home in this way that will be for his future family. Working for a transportation company in the warehouse department provides his income, which he will use to pay back the loan.

Translated from Spanish by Jay Osborne, Kiva Volunteer


El señor Luis Enrique Reyes vive en una casa prestada como es soltero y pronto se casara. Desea tener su propia vivienda es por eso que decido tramitar un casa por medio de Infonavit (Crédito Gubernamental), pero el valor de la vivienda es superior al crédito que el puede recibir ya que su sueldo es bajo.
Por ello está solicitando un préstamo para completar el valor de la vivienda y obtener así la casa que será para su futura familia.
El trabaja en una compañía de trasportes en el departamento de almacén es su ingreso y con el cual pagara el crédito.



About Housing Loans
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Journal entries for Luis Enrique Reyes Cortes


Loan has been disbursed
 
Entrepreneur: Luis Enrique Reyes Cortes
Location: Nuevo Laredo, Mexico

Thank you for your loan. It has been disbursed to Luis Enrique Reyes Cortes by Fundación para la Vivienda Progresiva (FVP), a partner of CHF International in Mexico. We are excited to watch this business grow. Over the 18 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 Nuevo Laredo, Mexico
Jun 26, 2009
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Kiva Help Repayment Schedule for Luis Enrique Reyes Cortes

  Expected Repayments Actual Repayments Comments
September 2009 $30.56 $30.56 Repayment Received
October 2009 $30.56 $30.56 Repayment Received
November 2009 $30.56 $30.56 Repayment Received
December 2009 $30.56 $30.56 Repayment Received
January 2010 $30.56 Available Jan 1  
February 2010 $30.56 Available Feb 1  
March 2010 $30.56 Available Mar 1  
April 2010 $30.56 Available Apr 1  
May 2010 $30.56 Available May 1  
June 2010 $30.56 Available Jun 1  
July 2010 $30.56 Available Jul 1  
August 2010 $30.56 Available Aug 1  
September 2010 $30.56 Available Sep 1  
October 2010 $30.56 Available Oct 1  
November 2010 $30.56 Available Nov 1  
December 2010 $30.56 Available Dec 1  
January 2011 $30.56 Available Jan 1  
February 2011 $30.48 Available Feb 1