Marcial Salvador Palacio Guido


Status: Paying Back

$1,175.00   Loan Amount
13% repaid

About the Entrepreneur

Name: Marcial Salvador Palacio Guido
Location: Managua, Nicaragua
Activity: Shoe Sales

About the Loan

Loan Amount: $1,175.00
Loan Use: To buy a variety of shoes for children and adults
Repayment Term: 18 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 1, 2009
Date Disbursed: Jul 24, 2009
Date Funded:Sep 30, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.4564 NIO = 1 USD



Mr. Marcial is a man who at 58 years of age, has succeeded, through considerable effort, in maintaining his business for 30 years. At first, he was a pork butcher and sold meat in his house and in the market. Then, little by little he began selling new and used shoes and now has obtained a good inventory. He lives in the José Dolores Estrada neighborhood in the capital Managua. He is married and has six independent children - some are also shopkeepers. He thanks God for his good health and the ability to support his family. He has benefitted greatly from the Afodenic loans which he used to buy shoes. With this loan, he hopes to buy a variety shoes, both new and second hand ones which may be more feasible for his customers. He sells them at a market in the capital Managua which, due to the variety of products and low prices, is popular with Nicaraguans.

Translated from Spanish by Emma Felten, Kiva Volunteer


El señor Marcial es un hombre que a su 58 años de edad, ha logrado mantener su negocio que hace treinta dos años logro poner con mucho esfuerzo, antes se dedicaba al destace de cerdo y vendía carne, en su casa y en el mercado, poco a poco logro ir vendiendo zapato nuevo y usados el cual hasta ahora vende y ha logrado tener un buen inventario. Reside en el barrio José Dolores Estrada en la capital de Managua, casado y con seis Hijos los cuales están independientes unos son comerciante. Da las gracias a Dios que le ha dado salud y poder sacar adelante a su familia, se ha beneficiado en gran manera con los prestamos en Afodenic lo cual ha invertido en la compra de zapatos. Con este crédito espera comprar variedad de zapatos, nuevos y de segunda mano que estén accesibles para el cliente, el vende en un mercado de la Capital de Managua el mas visitados por los Nicaragüense por la variedad de productos y por su bajos costos. A futuro espera poder vender otros productos para obtener mejores utilidades.

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Journal entries for Marcial Salvador Palacio Guido


Loan has been disbursed
 
Entrepreneur: Marcial Salvador Palacio Guido
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Marcial Salvador Palacio Guido 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
Oct 1, 2009
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Kiva Help Repayment Schedule for Marcial Salvador Palacio Guido

  Expected Repayments Actual Repayments Comments
December 2009 $156.67 $159.85 Repayment Received
January 2010 $78.33 Available Jan 1  
February 2010 $78.33 Available Feb 1  
March 2010 $78.34 Available Mar 1  
April 2010 $78.33 Available Apr 1  
May 2010 $78.33 Available May 1  
June 2010 $78.34 Available Jun 1  
July 2010 $78.33 Available Jul 1  
August 2010 $78.33 Available Aug 1  
September 2010 $78.34 Available Sep 1  
October 2010 $78.33 Available Oct 1  
November 2010 $78.33 Available Nov 1  
December 2010 $78.34 Available Dec 1  
January 2011 $78.33 Available Jan 1