Oscar Augusto Mercado Garcia


Status: Paying Back

$500.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Oscar Augusto Mercado Garcia
Location: Managua, Nicaragua
Activity: Farm Supplies

About the Loan

Loan Amount: $500.00
Loan Use: To buy raw materials and fertilizers for his crops.
Repayment Term: 15 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Nov 4, 2009
Date Disbursed: Oct 31, 2009
Date Funded:Nov 15, 2009

About the Country

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




Oscar Agusto Mercado García, 41, lives in the Cobilaco neighborhood, which is in La Concepción Masaya. His wife works taking in washing and ironing to help him with household expenses like water, electricity and food since his earnings are not sufficient. They have three children, all of whom are independent. One of their daughters currently lives with them since she is a single mother. Future plans for his family is to help his daughter get her own house. For the past 20 years, Oscar has worked as a farmer thanks to his wife's and family's support. The greatest difficulty he has to face with his crops is the damage done to them by the ashes from the volcano since they tend to burn the crops. He is grateful to the institution for approving his loan which he plans to use to buy raw materials and fertilizers so that he can get a better crop yield and sell at better market prices so that he can cover his personal expenses as well as repay his loan in a timely fashion.

Translated from Spanish by Michael Bujazan, Kiva Volunteer


El señor Oscar Agusto Mercado García, tiene la edad de 41 años, habita en el barrio Cobilaco, ubicado en La Concepción Masaya, junto a su esposa la cual trabaja en lavado y planchado para apoyarle con los gastos del pago de agua, luz y alimentos que no alcanzan en la quincena, ellos tienen tres hijos ya todos independientes, una de las hijas habita con ellos actualmente ya que es madre soltera, los planes hacia su familia es poder ayudar a su hija para que realice su vivienda , don Oscar desde hace veinte años se dedica a los trabajos agrícolas gracias a los esfuerzos de su esposa y los suyos , la mayor afectación que se le presenta en el cultivo es las cenizas del volcán ya que en ocasiones a quemado la producción ; agradece a la institución por la buena aprobación de su préstamo el cual lo va a invertir en fertilizantes e insumos para sacar un buena cosecha y vender a buen precio en el mercado y poder cubrir sus gastos personales como pagar en tiempos su credito.

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Journal entries for Oscar Augusto Mercado Garcia


Loan to Oscar Augusto Mercado Garcia in Nicaragua has been 100% funded
 
Entrepreneur: Oscar Augusto Mercado Garcia
Location: Managua, Nicaragua

Thanks to you and 19 other Kiva Lenders, the 500.00 loan requested by Oscar Augusto Mercado Garcia in Nicaragua has been 100% funded. The loan will be used for the purpose of: To buy raw materials and fertilizers for his crops..

Over the months of this loan, Kiva’s Field Partner in Nicaragua, AFODENIC, will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Nov 15, 2009
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Kiva Help Repayment Schedule for Oscar Augusto Mercado Garcia

  Expected Repayments Actual Repayments Comments
January 2011 $500.00 Available Jan 1