Martha Gilma Fitoria Solano


Status: Paid Back

$550.00   Loan Request
$550.00   Paid Back

About the Entrepreneur

Name: Martha Gilma Fitoria Solano
Location: Managua, Nicaragua
Activity: Cafe

About the Loan

Loan Amount: $550.00
Loan Use: Buying goods to sell
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Nov 20, 2007
Date Disbursed: Dec 5, 2007
Date Funded:Nov 21, 2007
Loan Ended:Jun 6, 2008

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:United States Dollars (USD)



Martha and her husband are in the food business, and besides food they sell sodas and pastries. Another part of their it is to provide phone services. Martha started this business 10 years ago, with US$ 800 that she and her husband had saved. They have a son. He has been the inspiration that help them keep going. They didn't want him to lack anything, specially their love and the possibility to go to school. And it was because of their support that Martha's son grew up and became self-sufficient. Now they have a grandson.



Before Martha had her own business, she used to sell clothes made in Panama. Then she started the food business from scratch, and little by little it has grown in size and clientele. They are making profits. Martha says that CEPRODEL has been a great help, because it has always being there for them. She has worked with CEPRODEL for 2 years and she has repaid 7 loans.



Translated from Spanish by Marco Ramón, Kiva volunteer.



Este negocio se caracteriza por la venta de comida, gaseosas, repostería, además consta de alquiler de telefonía. Martha comenzó con este negocio desde hace 10 años con un capital de US$800.00 que eran ahorros de ella y su esposo. Tienen un hijo el cual era la razón del sacrificio de esta pareja, ya que no deseaban que le faltara nada a su hijo, principalmente educación y amor. Gracias a este sacrificio ya el hijo es mayor e independiente y les ha brindado un nieto



Antes de tener su propio negocio, ella se dedicaba a la venta de ropa nueva panameña. Su negocio comenzó con pocas condiciones, sin embargo poco a poco ha logrado ir creciendo tanto en clientela como en ganancias. Ella comenta que CEPRODEL ha tenido un fuerte impacto en su negocio ya que siempre ha estado a su disposición a la hora que lo ha necesitado.



Lleva más de 2 años trabajando con CEPRODEL con un récord de 7 créditos.


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Lenders to this entrepreneur

Andrew
Richmond, British Columbia
Canada

Bert-Ake
Hasselby, Sweden
Sweden

Seth
Washington, DC
United States

Gar
Boise, ID
United States

Doba Kiva Fund
Orem, UT
United States

Tim Grimes
Chantilly, VA
United States

Martha Club
Worldwide, Planet Earth
United States

Laura
San Francisco, CA
United States

Nicholas
Austin, TX
United States

Ralph
Livingston, TX
United States

Karl
Guilderland, NY
United States

Lori
Phoenix, AZ
United States

Dan
Saratoga, CA
United States

Kirk
San Francisco, CA
United States

North West Subway Group
Maple Grove, MN, OR, UT, WA
United States

Elisabeth
London,
United Kingdom



Journal entries for Martha Gilma Fitoria Solano


Loan has been disbursed
 
Entrepreneur: Martha Gilma Fitoria Solano
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Martha Gilma Fitoria Solano by CEPRODEL in Nicaragua. We are excited to watch this business grow. Over the next 6 months, CEPRODEL will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Dec 6, 2007
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Journal Update for Martha Gilma Fitoria Solano
 
Entrepreneur: Martha Gilma Fitoria Solano
Location: Managua, Nicaragua

Al haber adquirido el crédito, la señora Martha Gilma Fitoria lo invirtió directamente en su negocio de alquiler de telefono y también en la compra de comestibles y bebidas para ofrecerlos en su negocio y de esta manera seguir brindandole el sustento a su pequeño hijo mejorando sus condiciones de vida.


Posted by Harvy Esquivel from Managua, Nicaragua
Oct 14, 2009
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Kiva Help Repayment Schedule for Martha Gilma Fitoria Solano

  Expected Repayments Actual Repayments Comments
March 2008 $91.67 $92.00 Repayment Received
April 2008 $91.67 $92.00 Repayment Received
May 2008 $91.67 $92.00 Repayment Received
June 2008 $91.67 $92.00 Repayment Received
July 2008 $91.67 $92.00 Repayment Received
August 2008 $91.65 $90.00 Repayment Received