Martha Lorena Palma Sánchez


Status: Paid Back

$325.00   Loan Request
$325.00   Paid Back

About the Entrepreneur

Name: Martha Lorena Palma Sánchez
Location: Managua, Nicaragua
Activity: Plastics Sales

About the Loan

Loan Amount: $325.00
Loan Use: TO PURCHASE MORE PLASTIC PRODUCTS TO SELL, AND INCREASE HER INCOME IN ORDER TO PAY FOR HER SON'S EDUCATION
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 14, 2008
Date Disbursed: Jan 28, 2008
Date Funded:Jan 14, 2008
Loan Ended:May 29, 2008

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:18.8905 NIO = 1 USD



From the age of 12, in a small stand at the Israel Lewites Market in Managua, Martha Palma has been selling all kinds of plastic products such as chairs, plates, glasses, clothing storage, lamps, etc.



Martha is a single mother who is highly motivated to provide a better life for her son. Today, thanks to the support of Ceprodel, she has obtained 8 loans which she has used to purchase new plastic products to sell. She makes a great effort to increase her income to provide an education for her son, as she is the only income provider in her home.




Desde hace 12 años, en un humilde tramo del Mercado Israel Lewites en Managua, la señora Martha Palma se dedica a la venta de todo tipo de producto de plástico tales como sillas, bancas, platos, vasos, contenedores de ropa, lámparas, etc.



Martha es madre soltera, sin embargo posee un gran espíritu de superación para seguir manteniendo a su hijo que se encuentran en la etapa escolar. Hoy en día gracias al apoyo brindado por Ceprodel, ha logrado obtener 8 créditos que los ha utilizado para la compra de nuevos productos plásticos y por tal motivo con mucho esfuerzo busca la manera de aumentar sus utilidades para brindarle la educación a su pequeño ya que ella es el único ingreso económico en su hogar.


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Lenders to this entrepreneur

Odette
Gibsons, British Columbia
Canada

Anna
New York, NY
United States

Larry
Eagleville, PA
United States

Bob & Chris
Newport News, VA
United States

Alex
Cambridge, MA
United States

Kelly
Herndon, VA
United States

lawence & jayne
powell river, British Columbia
Canada

Michael
deerfield, IL
United States

Rocky
Sebastopol, CA
United States

Laura
Los Angeles, CA
United States

Nate
Huntsville, AL
United States

Trogo
Minneapolis, MN
United States

Anonymous
West Chester, PA
United States



Journal entries for Martha Lorena Palma Sánchez


Loan has been disbursed
 
Entrepreneur: Martha Lorena Palma Sánchez
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Martha Lorena Palma Sánchez by CEPRODEL in Nicaragua. We are excited to watch this business grow. Over the next 4 months, CEPRODEL will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Jan 29, 2008
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Journal Update for Martha Lorena Palma Sánchez
 
Entrepreneur: Martha Lorena Palma Sánchez
Location: Managua, Nicaragua

La señora Martha Lorena Palma invirtió en la compra de los productos gracias al crédito que recibió el cuál se sirvió de mucho por lo que obtuvo mayores ingresos y así continuó llevando el sustento a su humilde hogar que tanto necesita de su apoyo.


Posted by Harvy Esquivel from Managua, Nicaragua
Sep 17, 2009
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Kiva Help Repayment Schedule for Martha Lorena Palma Sánchez

  Expected Repayments Actual Repayments Comments
April 2008 $81.25 $82.00 Repayment Received
May 2008 $81.25 $82.00 Repayment Received
June 2008 $81.25 $82.00 Repayment Received
July 2008 $81.25 $79.00 Repayment Received