Marcos Antonio Flores Palma


Status: Paying Back

$425.00   Loan Amount
34% repaid

About the Entrepreneur

Name: Marcos Antonio Flores Palma
Location: Managua, Nicaragua
Activity: Furniture Making

About the Loan

Loan Amount: $425.00
Loan Use: To buy wood and tools to make his products
Repayment Term: 11 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Jul 1, 2009
Date Disbursed: Jun 19, 2009
Date Funded:Jul 1, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:19.7620 NIO = 1 USD



Mr. Marcos Antonio Flores Palma is 38 years old and lives in the neighborhood of Santa Rosa, located in the town of Ticuantepe, with his wife, who works and helps him with the household activities. They have four children, all of whom are students. Their plans for the future are to improve their lives. For 10 years, Mr. Marcos has been a cabinet-maker. The biggest difficulty that he has faced is a lack of financing. He began this activity through his own effort. In the future, he plans to increase the workspace in his workshop. With this loan, he is going to buy construction materials and work tools, so that he will be able to meet the demand of his clients. He thanks Afodenic for the support that they gave him by means of two loans and payments that allowed him to improve his business.

Translated from Spanish by Avni Shah, Kiva Volunteer


El señor Marcos Antonio Flores Palma, tiene la edad de 38 años, habita en el barrio Santa Rosa, ubicado en el municipio de Ticuantepe, junto a su esposa, la cual trabaja y le apoya con las actividades del hogar, ellos tienen a su cargo cuatro hijos, todos estudiantes, los planes hacia un futuro es mejorar las condiciones de vida, don Marcos desde hace 10 años se dedica a los trabajos de ebanista, la mayor dificultad que se le presenta es la falta de financiamiento , el inicio esta actividad con sus propios esfuerzos , los planes hacia un futuro para su taller es poder ampliar el área donde laboran. Con el préstamo va a comprar materiales de construcción y herramientas para trabajar y poder cumplir con la demanda de sus clientes. Da las gracias Afodenic por el apoyo que le da mediante dos créditos y plazos para hacer la mejoras para su negocio.

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Journal entries for Marcos Antonio Flores Palma


Loan has been disbursed
 
Entrepreneur: Marcos Antonio Flores Palma
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Marcos Antonio Flores Palma by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 9 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
Jul 2, 2009
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Kiva Help Repayment Schedule for Marcos Antonio Flores Palma

  Expected Repayments Actual Repayments Comments
September 2009 $0.00 $47.42  
October 2009 $0.00 $49.52  
November 2009 $0.00 $48.54  
May 2010 $425.00 Available May 1