Edixon Elias Medrano Reyes


Status: Paid Back

$1,000.00   Loan Request
$1,000.00   Paid Back

About the Entrepreneur

Name: Edixon Elias Medrano Reyes
Location: Managua, Nicaragua
Activity: Auto Repair

About the Loan

Loan Amount: $1,000.00
Loan Use: To buy tools for his auto repair business and to put a roof on his shop so that he can work when it rains and avoid loosing clients.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 4, 2008
Date Disbursed: Feb 20, 2008
Date Funded:Feb 6, 2008
Loan Ended:Mar 15, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:19.1230 NIO = 1 USD



Edixon is 31 years old of age and married with 2 children ages 9 years and 3 months. They reside in the Cuajachilla region, a rural sector located on the outskirts of Managua.



Edixon is an automobile mechanic, having worked at this for 16 years, which has earned him experience and clients in the sectors adjoining the place where he resides. His workshop is located in his house. He requires the loan to buy new tools for his work since the ones that he has at present are too old and do not function 100%. He will also put a roof on his workshop, since winter is approaching and when the rains fall he cannot work and he loses many clients.

Translated from Spanish by B, Kiva Volunteer.



Edixon tiene 31 años de edad, es casado con 2 hijos de 9 años y 3 meses de nacido, habitan en la comarcaCuajachilla, un sector rural ubicado en las afueras de managua.



Edixon es mécanico automotriz, lleva 16 años en este trabajo lo que le ha permitido ganar experiencia y clientes en los sectores aledaños al lugar donde habita. Su taller lo tiene ubicado en su casa de habitación. requiere del préstamo para comprar nuevas herramientas de trabajo ya que las que tiene actualmente en uso por su antiguedad no funcionan al 100%. y también pondrá techo en su taller ya que se acerca el invierno y cuando caen las lluvias no puede trabajar y pierde muchos clientes.


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Lenders to this entrepreneur

JEREMY
San Francisco, CA
United States

Pete
Flower Mound, TX
United States

Alice
Toulouse,
France

Christian
Zurich,

Keith
Seattle, WA
United States

Rune
Bodø,
Norway

John
Raleigh, NC
United States

Bill
Edina, MN
United States

Diane R
KivaFriends.org, Santa Clara, CA
United States

Jennifer
Sun Prairie, WI
United States

Wright Family
Helena, MT
United States

Anonymous
Boise, ID
United States

Pat
N. Vancouver,, B.C.
Canada

Mike & Melanie
Benghazi,
Libyan Arab Jamahiriya

Daniel
Malmö,
Sweden

Steven
Plano, TX
United States

Anonymous
Anonymous,
Austria

Anthony
London, United Kingdom
United Kingdom

Janice
Toronto, Ontario
Canada

Dolores
Houston, Texas
United States

Sean & Shauna
Gaithersburg, MD
United States

Domingo
Reisterstown, MD
United States

Ray and Maureen
Ceres, CA
United States

Abe
Torrance, CA
United States

Pieter
Sassenheim,
Netherlands

In Memory of Eric So
Toronto, Ontario
Canada

Anonymous
norfolk, VA
United States

Richard
Oxford, Oxfordshire
United Kingdom

Ai
Nagoya,
Japan

Dave
Philadelphia, PA
United States



Journal entries for Edixon Elias Medrano Reyes


Loan has been disbursed
 
Entrepreneur: Edixon Elias Medrano Reyes
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Edixon Elias Medrano Reyes by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the next 12 months, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Feb 20, 2008
Comment on this entry

Mi préstamo con Kiva
 
Entrepreneur: Edixon Elias Medrano Reyes
Location: Managua, Nicaragua

Simply so you know who is the voice of this progress report my name is Amanda and I work for Afodenic in Nicaragua; the organization that loans to Edixon.

Edixon solicito un préstamo a Kiva a través de Afodenic para poder hacer mejoras a su taller y comprar herramientas. Edixon trabaja como mecánico en su propio taller automotriz. La mayor limitante de Edixon es que no gana lo suficiente para invertir en la compra el equipo y herramienta necesaria para brindar un mejor y más rápido servicio a sus clientes. El préstamo de Kiva lo esta ayudando a financiar parte de las herramientas que necesita, espera poder contar con la ayuda de Kiva en el futuro para poder comprar el resto del equipo y así dar mejor servicio a sus clientes y generar mayores ingresos que ayuden a su familia a salir adelante.

Edixon requested a loan from Kiva through Afodenic to buy tools and make repairs to his shop. Edixon works at his own car repair shop; his biggest limiting factor is the lack of the proper equipment and tools to provide a faster and better service. With part of he money from the loan he was able to invest in some of the tools he needs to work better. Thank to the loan from Kiva he is on his way to being a better mechanic and offering a better service. He is happy with his investment and hopes to count on the support of Kiva in near future.


Posted by Amanda Cuadra from Managua, Nicaragua
Feb 26, 2009
Comment on this entry

Kiva Help Repayment Schedule for Edixon Elias Medrano Reyes

  Expected Repayments Actual Repayments Comments
May 2008 $83.33 $84.00 Repayment Received
June 2008 $83.33 $84.00 Repayment Received
July 2008 $83.33 $84.00 Repayment Received
August 2008 $83.33 $84.00 Repayment Received
September 2008 $83.33 $84.00 Repayment Received
October 2008 $83.33 $84.00 Repayment Received
November 2008 $83.33 $84.00 Repayment Received
December 2008 $83.33 $84.00 Repayment Received
January 2009 $83.33 $78.00 Repayment Received
February 2009 $83.33 $83.33 Repayment Received
March 2009 $83.33 $83.33 Repayment Received
April 2009 $83.37 $83.34 Repayment Received