Francisco Javier Ortiz Gago


Status: Paying Back

$975.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Francisco Javier Ortiz Gago
Location: Managua, Nicaragua
Activity: Agriculture

About the Loan

Loan Amount: $975.00
Loan Use: Purchase fertilizers to apply to his crops
Repayment Term: 14 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Nov 1, 2009
Date Disbursed: Oct 29, 2009
Date Funded:Nov 9, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.6657 NIO = 1 USD



Sr. Francisco Javier Ortiz Gago is 50 years old and lives in the Pablo Calero neighborhood with his wife, who works as a merchant. They support one another with the household expenses. Don Francisco has 5 children who are all married. One of his grandsons helps him with the farmwork.


For the past 30 years, Don Francisco has been engaged in agriculture. Through his hard work, he was able to buy his own land for the purpose of growing crops. He thanks AFODENIC for providing him with his tenth loan, which he will use to purchase fertilizers so that he can produce a better crop. The income he generates at harvest time has enabled him to improve his living conditions. The low interest rates and easy payments have also been a great benefit. Don Francisco is happy to receive the technical assistance that proved to be very helpful in growing his crops.

Translated from Spanish by Ronan Reodica, Kiva Volunteer


El señor Francisco Javier Ortiz Gago tiene la edad de 50 años, habita en el barrio Pablo Calero junto a su esposa, la cual trabaja como comerciante, para apoyarle con los gastos del hogar, ellos tienen cinco hijos, ya todos casados , tiene a uno de sus nietos a su cargo el cual le apoya con los trabajos agrícolas , desde hace treinta años don Francisco se dedica a la agricultura , ya que con sus propios esfuerzos logro comprar un terreno el cual lo explota con cultivos , agradece a Afodenic por décimo crédito el cual comparara abono para una mejor cosecha lo que ha lograra mejorar sus condiciones de vida así como este financiamiento a bajos interés y facilidad de pagos . A la vez esta contento por la asistencia técnica ya que le sirve de mucha ayuda para los cultivos.

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Journal entries for Francisco Javier Ortiz Gago


Loan has been disbursed
 
Entrepreneur: Francisco Javier Ortiz Gago
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Francisco Javier Ortiz Gago 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
Nov 10, 2009
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Kiva Help Repayment Schedule for Francisco Javier Ortiz Gago

  Expected Repayments Actual Repayments Comments
December 2010 $975.00 Available Dec 1