Francisco Arturo Lopez Martinez


Status: Paying Back

$1,175.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Francisco Arturo Lopez Martinez
Location: Tegucigalpa, Honduras
Activity: Home Products Sales

About the Loan

Loan Amount: $1,175.00
Loan Use: compra muebles de cocina, baño, roperos, gaveteros
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 21, 2009
Date Disbursed: Sep 21, 2009
Date Funded:Oct 16, 2009

About the Country

Country:Honduras
Avg Annual Income:$3,009.00
Currency:Honduras Lempiras (HNL)
Exchange Rate:18.9000 HNL = 1 USD



Mr. Lopez has seven years of experience selling furniture. Specifically he stocks furnishings for the kitchen, living room, dining room, wardrobes and microwave shelves. Mr. Lopez extends credit to his customers and is repaid in installments over 10 months. His business employs two people who are in charge of delivering the products and charging customers.


The success of his business has allowed Mr. Lopez to construct his house and pay for the studies of his four children. His wife helps him with daily collection of installments. She also manages nearly 200 clients who then recommend the business to other potential clients -- especially because of the flexible installments.


Mr. Lopez's greatest wish is to have a larger business so that he can keep all his inventory there, and not in his home. He needs this loan in order to buy more furniture since he has had a good selling season recently.


Translated from Spanish by Shereef Zaki, Kiva Volunteer


El Señor Lopez cuenta con siete años de experiencia en la venta de muebles para cocina, sala, comedor como ser armarios, muebles para microondas, muebles de cocina entre otros, los cuales vende al credito a un plazo de 10 meses, con esto el le da empleo a dos personas que son las que se encargan de colocar el producto y el de cobrar. Con este negocio don Francisco ha logrado construir su vivienda
y darles el estudio a sus cuatro hijos. Su esposa le ayuda con el control de los cobros diarios, cuenta con casi 200 clientes los mismos que le recomiendan mas personas ya que es muy accesible con los pagos.
Su mayor sueño es llegar a tener un negocio grande y con todas las comodidades ya que los productos los tiene que guardar en su casa. necesita el credito para poder comprar mas muebles ya que esta temporada es muy buena para su negocio.

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Journal entries for Francisco Arturo Lopez Martinez


Loan has been disbursed
 
Entrepreneur: Francisco Arturo Lopez Martinez
Location: Tegucigalpa, Honduras

Thank you for your loan. It has been disbursed to Francisco Arturo Lopez Martinez by Prisma Honduras, S.A. in Honduras. We are excited to watch this business grow. Over the 12 months of this loan, Prisma Honduras, S.A. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tegucigalpa, Honduras
Oct 17, 2009
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Kiva Help Repayment Schedule for Francisco Arturo Lopez Martinez

  Expected Repayments Actual Repayments Comments
December 2009 $97.92 Available Dec 1  
January 2010 $97.91 Available Jan 1  
February 2010 $97.92 Available Feb 1  
March 2010 $97.92 Available Mar 1  
April 2010 $97.91 Available Apr 1  
May 2010 $97.92 Available May 1  
June 2010 $97.92 Available Jun 1  
July 2010 $97.91 Available Jul 1  
August 2010 $97.92 Available Aug 1  
September 2010 $97.91 Available Sep 1  
October 2010 $97.92 Available Oct 1  
November 2010 $97.92 Available Nov 1