Romel Isidro Gutierrez Salazar


Status: Paying Back

$600.00   Loan Amount
8% repaid

About the Entrepreneur

Name: Romel Isidro Gutierrez Salazar
Location: Managua, Nicaragua
Activity: Cosmetics Sales

About the Loan

Loan Amount: $600.00
Loan Use: Buy various cosmetics
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 1, 2009
Date Disbursed: Sep 21, 2009
Date Funded:Oct 29, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.5605 NIO = 1 USD



Romel Isidro Gutiérrez, 47, has been selling cosmetics for six years. He started with money that Afodenic lent him to increase his business. Together, he and his wife have been able to maintain sales. Their future plans are to be able to finish building their house for the well being of their family and to give their children an education.

This is his fifth cycle. He will use it to buy various cosmetics to strengthen his inventory. With this he expects to be able to get the necessary earnings to cover his payments like meeting the family needs. He is happy for the support that the institution has given him.


Translated from Spanish by Ginny Kalish, Kiva Volunteer


Don Romel Isidro Gutiérrez tiene la edad de 47 años, se dedica a la venta de cosméticos desde hace seis años, el comenzó con dinero que Afodenic presto para aumentar su negocio, que junto con su esposa han logrado mantener las ventas, sus planes es poder terminar de construir su casa, para bienestar de su familia y poder dar una educación a sus hijos, este es su quinto ciclo el cual invertirá en la compra de cosméticos variados para fortalecer su inventario. Con esto espera obtener la ganancia necesaria para cubrir su cuota de pago como para sastifacer sus necesidades con su familia. Se siente contento por el apoyo que la institución ha dado.


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Journal entries for Romel Isidro Gutierrez Salazar


Loan has been disbursed
 
Entrepreneur: Romel Isidro Gutierrez Salazar
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Romel Isidro Gutierrez Salazar by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 12 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 30, 2009
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Kiva Help Repayment Schedule for Romel Isidro Gutierrez Salazar

  Expected Repayments Actual Repayments Comments
December 2009 $50.00 $50.08 Repayment Received
January 2010 $50.00 Available Jan 1  
February 2010 $50.00 Available Feb 1  
March 2010 $50.00 Available Mar 1  
April 2010 $50.00 Available Apr 1  
May 2010 $50.00 Available May 1  
June 2010 $50.00 Available Jun 1  
July 2010 $50.00 Available Jul 1  
August 2010 $50.00 Available Aug 1  
September 2010 $50.00 Available Sep 1  
October 2010 $50.00 Available Oct 1  
November 2010 $50.00 Available Nov 1