Francisco Contreras


Status: Paid Back

$900.00   Loan Request
$900.00   Paid Back

About the Entrepreneur

Name: Francisco Contreras
Location: Nuevo Laredo, Mexico
Activity: Bricks

About the Loan

Loan Amount: $900.00
Loan Use: motor repair and raw materials
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Nov 2, 2006
Date Disbursed: Nov 18, 2006
Date Funded:Nov 4, 2006
Loan Ended:Jan 3, 2008

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:United States Dollars (USD)



Mr. Francisco Contreras Puente has dedicated the past 7 years to the production of construction blocks. At the beginning, he made the block manually. He used to mix and compress Portland cement and sand, this process demanded extreme physical effort.
At the present time he has machinery, but the electrical motor is currently broken and he needs to fix it. Until he is able to fix it, Mr. Contreras is now making the block by hand again. This problem has diminished the production. Mr. Contreras is asking for a loan of $900. He would like to pay it back in 6 months.
This amount will be used to repair the motor and buy raw material.
This will allow him to work faster and increase his block production business.



ESPANOL



El Sr. Francisco Puente Contreras se ha dedicado durante 7 años al producción y venta de block para la construcción. En un principio él mismo lo hacia manualmente que consiste en el prensado de dos materiales básicos: arena y cemento. El proceso era manual, lo que exigía un desgaste físico extremo. Actualmente cuenta con equipo mecanizado para la hechura del block, pero el motor eléctrico que hace funcionar el equipo de elaboración se averió y están haciendo nuevamente el proceso manualmente, lo que ha disminuido su producción.

El Sr. Francisco Puente solicita un prestamo por $900.00 USD para reparar el motor y para comprar materia prima que le permita tener mas inventario y surtir los pedidos, el piensa pagar en 6 meses.


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Journal entries for Francisco Contreras


Loan has been disbursed
 
Entrepreneur: Francisco Contreras
Location: Nuevo Laredo, Mexico

Thank you for your loan. It has been disbursed to Francisco Contreras by Fundación para la Vivienda Progresiva in Mexico. We are excited to watch this business grow. Over the next 12 - 18 months, Fundación para la Vivienda Progresiva will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Humberto Jimenez from Nuevo Laredo, Mexico
Jan 3, 2007
Comments (1)

Kiva Help Repayment Schedule for Francisco Contreras

  Expected Repayments Actual Repayments Comments
February 2007 $75.00 $0.00 Repayment Received
March 2007 $75.00 $0.00 Repayment Received
April 2007 $75.00 $75.00 Repayment Received
May 2007 $75.00 $75.00 Repayment Received
June 2007 $75.00 $0.00 Repayment Received
July 2007 $75.00 $150.00 Repayment Received
August 2007 $75.00 $75.00 Repayment Received
September 2007 $75.00 $75.00 Repayment Received
October 2007 $75.00 $75.00 Repayment Received
November 2007 $75.00 $75.00 Repayment Received
December 2007 $75.00 $75.00 Repayment Received
January 2008 $75.00 $75.00 Repayment Received
February 2008 $0.00 $75.00  
March 2008 $0.00 $75.00