Franklin David Castro Rivera


Status: Paying Back

$500.00   Loan Amount
20% repaid

About the Entrepreneur

Name: Franklin David Castro Rivera
Location: Managua, Nicaragua
Activity: Farm Supplies

About the Loan

Loan Amount: $500.00
Loan Use: Purchase seed and fertilizer for the sowing season.
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 16, 2009
Date Disbursed: Jul 14, 2009
Date Funded:Aug 23, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.4509 NIO = 1 USD



Franklin Castro is 30 years old, a resident of the Carlos Fonseca region in the municipality of Villa del Carmen. He and his wife have a 5 year old son. One of Franklin's most important goals is to provide greater security for his family. He has worked in the mayor's office as a land/property registry clerk for 6 months; previously he worked from home as a builder.

Franklin is an entrepreneur who puts everything he has into offering a better life and future life to his family. He has a plot of land where he plans to sow maize, but is having financial difficulties. These difficulties have not changed his mind about carrying out his plans. He appreciates the institution for their loan to buy seed and fertilizer. From this project he will obtain income to continue improving and increasing his crop yield as well as the infrastructure of his home.

Translated from Spanish by Vivian Lu, Kiva Volunteer


El Señor Franklin Castro tiene 30años de edad, habitante de la comarca Carlos Fonseca del municipio de Villa del Carmen, casado su esposa ama de casa tiene un hijos de cincos años de edad. Brindarle mayor seguridad a su familia es unos de los objetivos más importantes. Trabajo en la Alcaldía de Villa del Carmen en el cargo del técnico de catastro desde hace seis meses, anteriormente trabaja en su casa y a domicilio como albañil, hombre emprendedor que coloca todo su empeño para ofrecerle un mejor presente y futuro a su familia. Don Franklin tiene un solar en donde tiene planes de sembrar maíz, se le ha presentado dificultades de falta de recurso económico lo cual es un alto pero no cambia sus ideas de llevar acabo sus planes. Agradece a la Institución por el préstamo comprar semillas y abonos para aplicar en el siembro. De este proyecto obtendrá ganancias para ir mejorando y aumentando las siembras y la infraestructura de su vivienda.

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Journal entries for Franklin David Castro Rivera


Loan has been disbursed
 
Entrepreneur: Franklin David Castro Rivera
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Franklin David Castro Rivera 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
Aug 24, 2009
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Kiva Help Repayment Schedule for Franklin David Castro Rivera

  Expected Repayments Actual Repayments Comments
October 2009 $33.33 $33.95 Repayment Received
November 2009 $33.34 $33.82 Repayment Received
December 2009 $33.33 $33.82 Repayment Received
January 2010 $33.33 Available Jan 1  
February 2010 $33.34 Available Feb 1  
March 2010 $33.33 Available Mar 1  
April 2010 $33.33 Available Apr 1  
May 2010 $33.34 Available May 1  
June 2010 $33.33 Available Jun 1  
July 2010 $33.34 Available Jul 1  
August 2010 $33.33 Available Aug 1  
September 2010 $33.33 Available Sep 1  
October 2010 $33.34 Available Oct 1  
November 2010 $33.33 Available Nov 1  
December 2010 $33.33 Available Dec 1