J Manuel Mares Hernandez


Status: Paying Back

$1,125.00   Loan Amount
25% repaid

About the Entrepreneur

Name: J Manuel Mares Hernandez
Location: Nuevo Laredo, Mexico
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,125.00
Loan Use: Start a bakery
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 10, 2009
Date Disbursed: Jun 25, 2009
Date Funded:Jul 12, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:13.4084 MXN = 1 USD



Mr. J Manuel Mares has been in business for over a year selling snow cones and popsicles in order to support his family.


He wants to buy merchandise and a mixer to start a new bakery business. At the moment, he does not have the money for the initial investment.


For this reason, he is requesting a business loan to start the bakery.



Translated from Spanish by Ronan Reodica, Kiva Volunteer


El señor J Manuel Mares tiene ya mas de un años con su negocio de venta de (nieve y paletas de helo), es la fuente de ingresos para su familia.

El quiere compara mercancía y una amasadora para empezar un nuevo negocio de panadería, en este momento no cuanta con el dinero necesario para poder invertir.

Es por eso que está solicitando un préstamo y empezar el negocio de panadería.


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Journal entries for J Manuel Mares Hernandez


Loan has been disbursed
 
Entrepreneur: J Manuel Mares Hernandez
Location: Nuevo Laredo, Mexico

Thank you for your loan. It has been disbursed to J Manuel Mares Hernandez by Fundación para la Vivienda Progresiva (FVP), a partner of CHF International in Mexico. We are excited to watch this business grow. Over the 12 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
Jul 13, 2009
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Kiva Help Repayment Schedule for J Manuel Mares Hernandez

  Expected Repayments Actual Repayments Comments
October 2009 $93.75 $93.75 Repayment Received
November 2009 $93.75 $93.75 Repayment Received
December 2009 $93.75 $93.75 Repayment Received
January 2010 $93.75 Available Jan 1  
February 2010 $93.75 Available Feb 1  
March 2010 $93.75 Available Mar 1  
April 2010 $93.75 Available Apr 1  
May 2010 $93.75 Available May 1  
June 2010 $93.75 Available Jun 1  
July 2010 $93.75 Available Jul 1  
August 2010 $93.75 Available Aug 1  
September 2010 $93.75 Available Sep 1