Carlos Castello


Status: Paid Back

$375.00   Loan Request
$375.00   Paid Back

About the Entrepreneur

Name: Carlos Castello
Location: Guayaquil, Ecuador
Activity: Food Market

About the Loan

Loan Amount: $375.00
Loan Use: Buy fruits and vegetables at wholesale prices
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Feb 9, 2007
Date Disbursed: Feb 25, 2007
Date Funded:Feb 11, 2007
Loan Ended:Sep 8, 2007

About the Country

Country:Ecuador
Avg Annual Income:$4,776.00
Currency:United States Dollars (USD)



Carlos has 5 years of experience in his store. Previously he worked selling vegetables at outdoor fairs but he had to stop because of problems with the city. Later he and his wife decided to start a food sales business. On his own initiative he decided to sell the chairs and tables that he had to raise financing, and began to buy stock for his food store. At the moment he rents space close to his home, He works every day of the week from 7 am to 10 pm.


Carlos wants the loan in order to be able to expand his business with products he doesn’t currently offer. He is confident that with this investment he will successfully increase his earnings.


Carlos is 63 years old. He is married and has an adult son who helps him with what he needs. His son lives with Carlos and his wife. In the future he hopes to improve his house and to be able to fix up a place in his home for his business, to save what his is spending on rent.

Translated from Spanish by Erin Corcoran, Kiva volunteer.



Carlos tiene una experiencia de 5 años con el negocio de la tienda. Anterior a esta el se dedicaba a la venta de legumbres en las ferias libres pero por el municipio que los molestaba tuvo que dejar esa actividad. Luego de esto decide junto a su esposa poner un negocio de venta de comida. Por su iniciativa decide vender las sillas y mesas que tenia y logra financiarse para poder comenzar a comprar víveres para su tienda. Al momento arrienda el local cerca de su domicilio, la trabaja todos los días de la semana en el horario de 7 a.m. hasta las 10 p.m.
Carlos desea el crédito para poder surtir su negocio con productos que no tiene y esta seguro que con dicha inversión lograra tener más ganancias.
Carlos tiene 63 años, es casado y tiene un hijo el cual ya es adulto y le ayuda en lo que necesitan, su hijo ya tiene compromiso y vive con ellos. A futuro espera mejorar su domicilio y poder adecuar un lugar en el para poner su negocio y no estar pagando arriendo por el mismo.

Mifex offers its clients microinsurance and access to business training and educational programs. For more information about microfinance, Ecuador, and our services, please visit www.mifex.org.



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Lenders to this entrepreneur

Anonymous
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Liz

mcmasty
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Brookfield, IL
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Small Potatoes
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Ali Cherkaoui
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Marc
SC
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Jean-Claude
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Russell
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Journal entries for Carlos Castello


Agradecimientos
 
Entrepreneur: Carlos Castello
Location: Guayaquil, Ecuador

Carlos esta muy feliz por el crédito recibido. Para el esta es una oportunidad que dice que lo aprovechara para crecer en su negocio y atender en mejor forma a su familia. Agradece a la comunidad Kiva solidaria por el apoyo brindado a su negocio.

www.mifex.org


Posted by Luis Crespo from Guayaquil, Ecuador
Mar 8, 2007
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Kiva Help Repayment Schedule for Carlos Castello

  Expected Repayments Actual Repayments Comments
May 2007 $62.50 $0.00 Repayment Received
June 2007 $62.50 $0.00 Repayment Received
July 2007 $62.50 $126.00 Repayment Received
August 2007 $62.50 $63.00 Repayment Received
September 2007 $62.50 $63.00 Repayment Received
October 2007 $62.50 $63.00 Repayment Received
November 2007 $0.00 $60.00