Saddy Adolfo Martinez Paredes


Status: Paying Back

$875.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Saddy Adolfo Martinez Paredes
Location: Managua, Nicaragua
Activity: Farming

About the Loan

Loan Amount: $875.00
Loan Use: To purchase fertilizer
Repayment Term: 15 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Oct 22, 2009
Date Disbursed: Sep 30, 2009
Date Funded:Oct 22, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.5996 NIO = 1 USD



Saddy Adolfo Martinez Paredes, age 23, lives in the community of Juan Ramón Padilla with his wife, who works as a domestic in order to help him with the household expenses. His plan for his family is to be able to build a house since currently they live with his father-in-law who offers them a room while they work on their building project.

For five years, this young man has worked as a farmer. With the help of his father-in-law he succeeded in establishing a banana grove. He is thankful to Afodenic for approving his loan since he is going to invest all the funds in raw materials required for the plantation and, at the same time, give it the upkeep experts recommend for a good crop.

Translated from Spanish by Richard Brown, Kiva Volunteer


El joven Saddy Adolfo Martinez Paredes, tiene la edad de 23 años, habita el reparto Juan Ramón Padilla, junto a su esposa la cual trabaja como domestica para apoyarlo con los gastos del hogar, los planes hacia su familia es poder construir su casa ya que actualmente habitan donde su suegro que le brindo un cuarto mientras realizan sus proyectos de vivienda, el joven desde hace cinco años trabaja como agricultor , con el apoyo de su suegro logro establecer una manzana de plátano, agradece a Afodenic por la aprobación de su préstamo ya que todo el fondo va invertir en los insumos que requiere la plantación y a vez darle el mantenimiento que recomienda el técnico para la buena cosecha .

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Journal entries for Saddy Adolfo Martinez Paredes


Loan has been disbursed
 
Entrepreneur: Saddy Adolfo Martinez Paredes
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Saddy Adolfo Martinez Paredes by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 13 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 23, 2009
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Kiva Help Repayment Schedule for Saddy Adolfo Martinez Paredes

  Expected Repayments Actual Repayments Comments
December 2010 $875.00 Available Dec 1