Randolfo De La Cruz Estrada Navarro


Status: Paying Back

$750.00   Loan Amount
23% repaid

About the Entrepreneur

Name: Randolfo De La Cruz Estrada Navarro
Location: Chinandega, Nicaragua
Activity: Bicycle Repair

About the Loan

Loan Amount: $750.00
Loan Use: Buy bicycle replacement parts
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 29, 2009
Date Disbursed: Jul 21, 2009
Date Funded:Jul 29, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.4104 NIO = 1 USD



Randolfo Estrada sells bicycle replacement parts in the El Viejo municipality of the city of Chandega. He sells them from his own fixed location. Every day customers come to buy replacement parts. It is important to note that he is very talented at repairing bicycles.

The reason that Randolfo has come to Cerodel to ask for a loan is to buy replacement parts. This way he can sell them in his establishment and get the income to continue supporting his nuclear family.



Translated from Spanish by Ginny Kalish, Kiva Volunteer



En el municipio El Viejo de la ciudad de Chinandega, el señor Randolfo Estrada se dedica a su actividad de venta de repuestos de bicicletas las cuales son comercializadas por el mismo en su propio local fijo donde a diario le visitan clientes para la compra de repuestos. También es importante destacar que él tiene muchas habilidades para reparar las bicicletas.

La razón por la que el señor Randolfo ha acudido a Ceprodel es para solicitar un crédito para la compra de los repuestos y de esta manera ofertarlos en su establecimiento con el fin de obtener ingresos para continuar manteniendo su núcleo familiar.


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Journal entries for Randolfo De La Cruz Estrada Navarro


Loan has been disbursed
 
Entrepreneur: Randolfo De La Cruz Estrada Navarro
Location: Chinandega, Nicaragua

Thank you for your loan. It has been disbursed to Randolfo de la Cruz Estrada Navarro by CEPRODEL in Nicaragua. We are excited to watch this business grow. Over the 11 months of this loan, CEPRODEL will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Chinandega, Nicaragua
Jul 30, 2009
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Kiva Help Repayment Schedule for Randolfo De La Cruz Estrada Navarro

  Expected Repayments Actual Repayments Comments
October 2009 $52.85 $60.99 Repayment Received
November 2009 $54.43 $61.95 Repayment Received
December 2009 $56.06 $55.02 Repayment Received
January 2010 $57.75 Available Jan 1  
February 2010 $59.48 Available Feb 1  
March 2010 $61.26 Available Mar 1  
April 2010 $63.10 Available Apr 1  
May 2010 $65.00 Available May 1  
June 2010 $66.94 Available Jun 1  
July 2010 $68.96 Available Jul 1  
August 2010 $71.02 Available Aug 1  
September 2010 $73.15 Available Sep 1