Ismael Ruiz Hernandez


Status: Paying Back

$800.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Ismael Ruiz Hernandez
Location: Managua, Nicaragua
Activity: Farm Supplies

About the Loan

Loan Amount: $800.00
Loan Use: Buy supplies to improve crop yields.
Repayment Term: 17 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Jul 16, 2009
Date Disbursed: Jun 30, 2009
Date Funded:Jul 21, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.3309 NIO = 1 USD



Sr. Ismael Ruiz Hernandez, 52, lives with his wife in the Pilas Orientales neighborhood of Masaya. His wife is a teacher and helps with household expenses. They have three children, all in school, who help Ismael with farming chores in their free time. His plan for his family is to improve their living conditions. Ismael has been a farmer for 36 years. The biggest problem he faces is a lack of financing. He grew his business from scratch and his future goal for the business is to be able to legalize the land where he plants his crops. He will use the loan to buy seeds and fertilizers to improve his production so that he can sell his crop for a good price at market.

Translated from Spanish by Jere Wiseman, Kiva Volunteer


El señor Ismael Ruiz Hernández , tiene la edad de 53 años , habita en el barrio Pilas Orientales , ubicado en Masaya , junto a su esposa , la cual trabaja como docente y le poya con los gastos del hogar ,ellos tiene tres hijos , los cuales estudian y le apoyan con las actividades del campo en sus tiempos libres ; los planes hacia su familia es mejorar las condiciones de vida , don Ismael desde hace 36 años es agricultor la mayor dificultad que se le presenta es la falta de financiamiento , él inicio esta actividad con sus propios esfuerzos , los planes futuros a su cultivos es poder legalizar donde se encuentra la plantación .Con el financiamiento va a comprar semillas y fertilizantes y lograr una mejor producción para vender a buen precio en el mercado.

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Journal entries for Ismael Ruiz Hernandez


Loan has been disbursed
 
Entrepreneur: Ismael Ruiz Hernandez
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Ismael Ruiz Hernandez by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 15 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 22, 2009
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Kiva Help Repayment Schedule for Ismael Ruiz Hernandez

  Expected Repayments Actual Repayments Comments
November 2010 $800.00 Available Nov 1