Daniel Magaña Chávez


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

Name: Daniel Magaña Chávez
Location: Mérida, Yucatán, Mexico
Activity: Clothing Sales

About the Loan

Loan Amount: $650.00
Loan Use: Purchase merchandise for his new shop.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 20, 2008
Date Disbursed: Feb 3, 2008
Date Funded:Jan 20, 2008
Loan Ended:Jul 30, 2008

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.9386 MXN = 1 USD



Daniel started in sales when he was very young and he acquired a liking and a knack for it. As a result, he saved and started his own business selling clothing, which has been prospering. Currently, he has a shop on one side of his house. He just acquired a shop in the Principal Market, which he needs to supply with merchandise and variety in order to be competitive and improve his earnings so that he may provide a better life to his wife and small children, who are 2 and 4 years old, respectively.



It is for this that Daniel is soliciting a credit of US $650 which he will repay in 6 months. With this money, Daniel will be able to buy merchandise so that he can have more variety in his new shop. With your help, Daniel will be able to grow his business and offer his children the opportunity to consider a career so that they may have a better future.


Translated from Spanish by Kate Divjak, Kiva volunteer.



El Sr. Daniel Empezó desde muy joven en el negocio de las ventas y adquirió el gusto y la habilidad para las ventas, lo que lo llevó a ahorrar e iniciar su propio negocio de venta de ropa, el cual ha ido prosperando, actualmente tiene un local a un costado de su domicilio y acaba de adquirir un local en el mercado Principal, para el cual necesita surtir con mercancía y variedad, para ser competitivo y mejorar sus ingresos para poder brindarles un mejor estilo de vida a su esposa y sus dos pequeños hijos de 2 y 4 años cada uno.



Es por eso que Daniel está solicitando un crédito de US $650 que está dispuesto a pagarlos en un plazo de 6 meses y con este dinero Daniel podrá comprar mercancía para poder tener más variedad en su nuevo local. Con tu ayuda Daniel podrá crecer sus locales y así poder ofrecerles a sus hijos la oportunidad de estudiar una carrera para que puedan tener un mejor futuro.


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Lenders to this entrepreneur

Anonymous

festival
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Joe
Ripon, CA
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Anonymous

Richard
Ketchikan, AK
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Parker and Delaney
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Jim and Joan OConnell
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Larry, Verona, and Noa
Vancouver, WA
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Anonymous
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Ken
Bury St. Edmunds, Suffolk
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Larry Stewart
Fullarton, Ont
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Mark
Abington, MA
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Nancy
Toronto, Ontario
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Emilio Karam L.
Mexico City, DF
Mexico

Derek
Yorktown, VA
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Peter
Seattle, WA
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Nicky and Jude
Berkeley, CA
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Wealth Junkie

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Thomas

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Beatriz
Sao Paulo, SP
Brazil

Jessie
Dallas, TX
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Don

David
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James
Ottawa, Ontario
Canada



Journal entries for Daniel Magaña Chávez


Loan has been disbursed
 
Entrepreneur: Daniel Magaña Chávez
Location: Mérida, Yucatán, Mexico

Thank you for your loan. It has been disbursed to Daniel Magaña Chávez by Admic Nacional in Mexico. We are excited to watch this business grow. Over the next 6 months, Admic Nacional will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Leticia Ramirez from Mérida, Yucatán, Mexico
Jan 30, 2008
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Kiva Help Repayment Schedule for Daniel Magaña Chávez

  Expected Repayments Actual Repayments Comments
April 2008 $0.00 $109.00  
May 2008 $108.33 $109.00 Repayment Received
June 2008 $108.33 $109.00 Repayment Received
July 2008 $108.33 $109.00 Repayment Received
August 2008 $108.33 $109.00 Repayment Received
September 2008 $108.33 $105.00 Repayment Received
October 2008 $108.35 $0.00 Repayment Received