Martha Lorena Herrera Siles


Status: Raised

$275.00   Loan Request
$275.00   Raised

About the Entrepreneur

Name: Martha Lorena Herrera Siles
Location: Managua, Nicaragua
Activity: Photography

About the Loan

Loan Amount: $275.00
Loan Use: To buy a Sony camera so they can have higher resolution photos
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 5, 2009
Date Disbursed: Nov 28, 2009
Date Funded:Nov 5, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.6796 NIO = 1 USD



Martha Lorena Hererra is 39 years old and she lives in the Primero de Mayo neighborhood with her husband. They have been able to open a photographic studio; they have been offering their services for 17 years. Her husband started by taking photos in the street and she helped him at home by also taking photos. They have three children, who are 12, 18, and 19 years old. The oldest studies and works to pay his expenses. Thankfully, they have been able to have their own house and help their children get ahead in life. The loans from Afodenic have helped improve their lives because they have been able to improve their technology. They purchased professional cameras and even a computer to process and improve the photos. With this loan, which is their fifth, they will buy a Sony camera so they can offer their clients the best, since there is strong competition. Their goal for their children is be able to offer them a better future by giving them the education that is necessary for a better life. With this investment they hope to attract more clients and sell more of their product, so they can have improved earnings with which to cover their family’s expenses.

Translated from Spanish by Jennifer Day, Kiva Volunteer


La señora Martha Lorena Hererra tiene 39 años de edad, vive en la Colonia 1ro de Mayo junto con su esposo han logrado poner un estudio fotográfico el cual llevan 17 años ofreciendo sus servicios, su esposo inicio ofreciendo su fotos ambulante y ella lo apoyaba en su casa también tomando las fotografías, procreo tres hijos de 12,18 y 19 años de edad, el mayor trabaja y estudia para cubrirse sus gastos, por gracias a Dios han logrado tener su propia casa y ayudado a salir adelante a sus hijos, los prestamos en Afodenic han venido a mejorar su vida ya que han mejorado su tecnología, comprando las cámaras profesionales, hasta una computadora para procesar y dar una mejor visión a la fotografía, con este préstamo es su quinto ciclo el cual comprara una cámara sony y cada día ofrecer a sus clientes lo mejor ya que la competencia es fuerte. Su meta es para con sus hijos es poder ofrecerle un mejor futuro dándole los estudios necesarios para una vida mejor. Con esta inversión esperan atraer más clientes, vender mas su producto, y mejores ganancias para cubrir sus necesidades personales de la familia.

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Lenders to this entrepreneur

Andrea
Houston, TX
United States

Brad
San Francisco, CA
United States

Geoffrey
Irvine, CA
United States

tridivesh
SAN JOSE, CA
United States

Lisa and James
San Francisco, CA
United States

Anonymous

Andy
San Jose, CA
United States



Kiva Help Repayment Schedule for Martha Lorena Herrera Siles

  Expected Repayments Actual Repayments Comments
February 2010 $45.83 Available Feb 1  
March 2010 $45.84 Available Mar 1  
April 2010 $45.83 Available Apr 1  
May 2010 $45.83 Available May 1  
June 2010 $45.84 Available Jun 1  
July 2010 $45.83 Available Jul 1