Juan Manuel Perez

Status: Paid Back

$675.00		Loan Request
$675.00		Paid Back

About the Entrepreneur

Name:	Juan Manuel Perez
Location:	Managua, Nicaragua
Activity:	Services

About the Loan

Loan Amount:	$675.00
Loan Use:	Purchase materials for his business
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Apr 23, 2008
Date Disbursed:	May 8, 2008
Date Funded:	Apr 24, 2008
Loan Ended:	Jun 15, 2009

About the Field Partner

Field Partner:

AFODENIC

Field Partner Risk Rating:

(Learn more)

Active

23 months

2902

$1,655,675

0.03%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Nicaragua
Avg Annual Income:	$3,636.00
Currency:	Nicaragua Cordobas (NIO)
Exchange Rate:	19.1100 NIO = 1 USD

Juan lives in Sandino Memorial district: he is aged 37 years old, is married and has three sons aged 3, 12 and 18 years old. His wife sells cosmetics and clothes and also helps with homework. Juan has a repair workshop and 15 years of experience in the business. He began repairing filing cabinets, refrigerators and cookers. Currently he has diversified his work, buying appliances in poor repair and offering them to his clients with a profit margin greater than 100%.

With the authorised loan, he is going to buy more equipment in poor states and add value to them in order to sell them on at a better price, as he has already been doing. In the future he wants to establish a prestigious workshop which will offer security and satisfaction, with good working conditions and atmosphere.

Translated from the Spanish by Katy Long, Kiva Volunteer

El Sr. Juan habita en el barrio Memorial Sandino, su edad es 37 años casado y con tres hijos varones de 3,12, y 18 años de edad, su esposa vende cosmético y ropa y así ayudar al hogar. El Sr. Juan tiene un negocio de enderezado y pintura con 15 años de experiencia, el inicio reparando archivos y refrigeradoras y cocinas. Actualmente ha diversificado su trabajo comprando equipos en mal estado reparándolos y ofreciéndoselos a sus clientes con un margen de ganancia mayor al 100%.

Con el préstamo que se le otorgue va a comprar mas equipos en mal estado y proporcionarlo con un valor agregado y comercializarlo a un mayor precio ya que le ha resultado a futuro quiere un taller de prestigio que de segurita y sastifacer a sus clientes con condiciones laboral y ambiental.

Lenders to this entrepreneur

Bret
Denver, CO
United States

Mitch
Tacoma, WA
United States

Todd

Pennell
Harlem, New York
United States

Kay
Columbia, MD KivaFriends.org
United States

Manas
Plano, TX
United States

Ty
Seattle, WA
United States

Jen
San Francisco, CA
United States

Rick Hargett
San Francisco, CA
United States

Bill and Karen
Macedon, NY
United States

Good Dogg
Front Porch, www.kivafriends.org
United States

Alessandro
Milan, Milan
Italy

Tim & Margaret
McDonough, GA
United States

Anonymous
London, London
United Kingdom

Darren
Nassau, New Providence
Bahamas

Patrick
San Diego, CA
United States

Jack
Watchung, NJ
United States

Matthew
Seattle, WA
United States

Lean der
Amsterdam,
Netherlands

Jim
Colorado Springs, Colorado
United States

Lindsey
Boon, MI
United States

Robert
Anchorage, AK
United States

Journal entries for Juan Manuel Perez

Loan has been disbursed Entrepreneur: Juan Manuel Perez Location: Managua, Nicaragua Thank you for your loan. It has been disbursed to Juan Manuel Perez 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 May 8, 2008
Comment on this entry

Update from Nicaragua Entrepreneur: Juan Manuel Perez Location: Managua, Nicaragua He is a suitable repairer of office furniture and painting .He motivated to ask the loan for the purchase of office furniture used to repair them. The result of the loan was very good due to that allowed him to improve his sale .In the future plans to do a campaign of advertising that allows him to have more clients .He recommends the microcredit, because it allows the development of the micro business men. His business has moved it to another place for safety motives and major hygiene .Thus access the client and this place rents it. Juan Manuel Pérez, el es reparador de muebles de oficina enderezado y pintura .el motivo por el cual el solicito el préstamo fue para la compra de muebles de oficina usados para repararlos. El resultado del préstamo fue muy bueno debido que le permitió mejorar su venta .En el futuro planea hacer una campaña de publicidad que le permita tener mas clientes .El recomienda el microcrédito, porque permite el desarrollo de los microempresarios. Su negocio lo ha movido a otro lugar por motivos de seguridad e higiene mayor acceso al cliente y este lugar lo alquila.
Posted by Francisco Montoya Baez from Managua, Nicaragua May 22, 2009
Comment on this entry

Repayment Schedule for Juan Manuel Perez

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	Expected Repayments	Actual Repayments	Comments
August 2008	$56.25	$57.00	Repayment Received
September 2008	$56.25	$57.00	Repayment Received
October 2008	$56.25	$57.00	Repayment Received
November 2008	$56.25	$57.00	Repayment Received
December 2008	$56.25	$57.00	Repayment Received
January 2009	$56.25	$52.50	Repayment Received
February 2009	$56.25	$56.25	Repayment Received
March 2009	$56.25	$56.25	Repayment Received
April 2009	$56.25	$56.25	Repayment Received
May 2009	$56.25	$56.25	Repayment Received
June 2009	$56.25	$56.24	Repayment Received
July 2009	$56.25	$56.26	Repayment Received