Arely Del Socorro Salazar López


Status: Paid Back

$575.00   Loan Request
$575.00   Paid Back

About the Entrepreneur

Name: Arely Del Socorro Salazar López
Location: Managua, Nicaragua
Activity: Retail

About the Loan

Loan Amount: $575.00
Loan Use: Buy construction materials for a bedroom.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 17, 2008
Date Disbursed: Jan 31, 2008
Date Funded:Jan 17, 2008
Loan Ended:Oct 22, 2008

About the Country

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



Arely is 40 years old, married and has two small kids. She lives in North Laureles in Managua. Arely is a merchant and has a local store that she operates out of her home. She dedicates most of her time to the store and she also cares for and raises her children. In her business she sells basic grains, fruits, vegetables, hardware products, and other general merchandise. With the help of her husband, who also is a merchant, they have been able to get ahead, little by little. At the present time they only have one bedroom in their home. The loan will be needed to create another room, so that her kids can sleep in it, and so that so she can give them comfort and space. With the earnings of the store she wants to save the money so she could improve her house little by little and to improve her family’s quality of life.

Translated from Spanish by Estefany of San Roque High School, Kiva volunteer



Arelys tiene 40 años de edad, casada y con 2 pequeños hijos, vive en el populoso barrio Laureles Norte de Managua. Arelys es comerciante tiene una pulpería en su casa de habitación, a la cual le dedica la mayor parte de su tiempo, el tiempo restante es para el cuido y formación de sus hijos. En su negocio ella vende toda clases de granos básicos, frutas y verduras, productos ferreteros y mercadería en general. Con la ayuda de su esposo quien también es comerciante han ido saliendo adelante poco a poco. Actualmente su casa de habitación consta de una solo cuarto. El crédito lo necesita para construir un cuarto más para que ahí duerman sus hijos, y así darles comodidad y espacio a sus pequeños. con las ganacias que genera la pulpería ella quiere ocupar un porcentaje para ir mejorando su casa poco y aumentar su calidad de vida y la de su familia


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Lenders to this entrepreneur

robert
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William
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Stig
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A C & Marilyn
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Dave
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Journal entries for Arely Del Socorro Salazar López


Loan has been disbursed
 
Entrepreneur: Arely Del Socorro Salazar López
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Arely Del Socorro Salazar López by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the next 9 months, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Feb 1, 2008
Comment on this entry

Update
 
Entrepreneur: Arely Del Socorro Salazar López
Location: Managua, Nicaragua

Simply so you know who is the voice of this article, my name is Jon and I am a Kiva Fellow working with AFODENIC; the micro finance institution that loans to Arely.

Arely had to quit her job a few years ago because her son has a condition where there is excessive liquid around his brain. I am not exactly sure what the affliction is, but it is supposedly not permanent and something that kids grow out of over time. Because the family needed to remain a two-income family Arely started a store out of the family home. Arely’s husband has a business selling used tires in Mercado Oriental and between the income of his business and the store they have enough money to live on as well as invest in their home. Essentially, Arely and her husband are using the loans to buy inventory for the business and make improvements to their home. Since they have a 15 year old and the little boy with the condition is much younger, they are building an additional room for their elder child. Arely and her husband have goals to further improve their home and earn more from their businesses.


Posted by Jon Tonti from Managua, Nicaragua
Feb 20, 2008
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Kiva Help Repayment Schedule for Arely Del Socorro Salazar López

  Expected Repayments Actual Repayments Comments
April 2008 $63.89 $0.00 Repayment Received
May 2008 $63.89 $64.00 Repayment Received
June 2008 $63.89 $64.00 Repayment Received
July 2008 $63.89 $64.00 Repayment Received
August 2008 $63.89 $64.00 Repayment Received
September 2008 $63.89 $64.00 Repayment Received
October 2008 $63.89 $64.00 Repayment Received
November 2008 $63.89 $64.00 Repayment Received
December 2008 $63.88 $127.00 Repayment Received