Mercedes Del Carmen Medina


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: Mercedes Del Carmen Medina
Location: Leon, Nicaragua
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $700.00
Loan Use: Pay for a solar panel to provide her household with electricity
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Mar 12, 2008
Date Disbursed: Mar 27, 2008
Date Funded:Mar 13, 2008
Loan Ended:Jul 15, 2009

About the Country

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



Mercedes Medina devotes herself to being a homemaker for her two children and her husband. He has worked in agriculture since he was very young, and he is currently in the city of León, municipality of Sauce.


It's important to note that since she lives in this rural area, she does not have electricity. Since having electricity is very useful, she decided to get a solar panel on credit so that she could have access to two lamps and a television. On taking on this debt, Mercedes turned to Ceprodel to gain credit that would cancel this debt. The credit will make sure her children are able to take advantage of this energy for their studies at night after their chores are done.



Translated from Spanish by Shannon Skoglund, Kiva volunteer.




La actividad a la que se dedica la señora Mercedes Medina es a ser ama de casa teniendo dos hijos y su esposo que trabaja en la agricultura desde muy joven en la ciudad de León específicamente en el municipio de el Sauce.


Es de mucho interés destacar que desde que vive en esta localidad por estar ubicada en zonas rurales no posee energía eléctrica y por ser tan útil este servicio, decide adquirir un panel solar al crédito para lograr tener acceso a dos lámparas y un televisor. Al contraer la deuda, la señora Mercedes acude a Ceprodel para obtener crédito que le permita cancelar esta deuda y lograr que sus hijos aprovechen la energía para sus estudios por las noches además para realizar los quehaceres del hogar.




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Journal entries for Mercedes Del Carmen Medina


Loan has been disbursed
 
Entrepreneur: Mercedes Del Carmen Medina
Location: Leon, Nicaragua

Thank you for your loan. It has been disbursed to Mercedes Del Carmen Medina by CEPRODEL in Nicaragua. We are excited to watch this business grow. Over the next 15 months, CEPRODEL will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Leon, Nicaragua
Mar 28, 2008
Comment on this entry

Kiva Help Repayment Schedule for Mercedes Del Carmen Medina

  Expected Repayments Actual Repayments Comments
June 2008 $46.67 $47.00 Repayment Received
July 2008 $46.67 $47.00 Repayment Received
August 2008 $46.67 $47.00 Repayment Received
September 2008 $46.67 $47.00 Repayment Received
October 2008 $46.67 $47.00 Repayment Received
November 2008 $46.67 $47.00 Repayment Received
December 2008 $46.67 $45.00 Repayment Received
January 2009 $46.67 $46.36 Repayment Received
February 2009 $46.67 $46.67 Repayment Received
March 2009 $46.67 $46.67 Repayment Received
April 2009 $46.67 $46.67 Repayment Received
May 2009 $46.67 $46.67 Repayment Received
June 2009 $46.67 $46.66 Repayment Received
July 2009 $46.67 $46.67 Repayment Received
August 2009 $46.62 $46.63 Repayment Received