Mario Samuel Yungan Guaman


Status: Paying Back

$1,200.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Mario Samuel Yungan Guaman
Location: Guayaquil (fortin), Ecuador
Activity: Food Market

About the Loan

Loan Amount: $1,200.00
Loan Use: To buy rice and chicken
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Nov 6, 2009
Date Disbursed: Oct 22, 2009
Date Funded:Nov 8, 2009

About the Country

Country:Ecuador
Avg Annual Income:$4,776.00
Currency:United States Dollars (USD)



With a loan from his father eight years ago, Mario, 28, opened a general food market in the Fortin district of Guayaquil. His store is located on Fortin's main street, which provides a steady flow of customers. Mario works everyday from 5 a.m. to 7 p.m. selling rice, chicken, eggs, cola and other food items to people who work in the area. He has been marginalized from the traditional financial system due to the fact that he is single.



Mario requests a loan to buy more products for his store, including oil, chicken and especially rice, a staple in Ecuador. This will help him scale up his business and serve more customers. Mario dreams of fixing the roof around his store so that he can rent out the extra space to other vendors. Hopefully, an increase in sales will help him achieve this!


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Journal entries for Mario Samuel Yungan Guaman


Loan has been disbursed
 
Entrepreneur: Mario Samuel Yungan Guaman
Location: Guayaquil (fortin), Ecuador

Thank you for your loan. It has been disbursed to Mario Samuel Yungan Guaman by Fundacion D-MIRO Mision Alianza in Ecuador. We are excited to watch this business grow. Over the 6 months of this loan, Fundacion D-MIRO Mision Alianza will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Guayaquil (fortin), Ecuador
Nov 9, 2009
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Kiva Help Repayment Schedule for Mario Samuel Yungan Guaman

  Expected Repayments Actual Repayments Comments
February 2010 $175.22 Available Feb 1  
March 2010 $191.50 Available Mar 1  
April 2010 $196.38 Available Apr 1  
May 2010 $202.94 Available May 1  
June 2010 $206.54 Available Jun 1  
July 2010 $227.42 Available Jul 1