David Merchán


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

Name: David Merchán
Location: Guayaquil, Ecuador
Activity: General Store

About the Loan

Loan Amount: $1,200.00
Loan Use: Invest in school supplies and other wholesale products
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Mar 8, 2007
Date Disbursed: Mar 30, 2007
Date Funded:Mar 16, 2007
Loan Ended:Nov 16, 2007

About the Country

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



David has a shop in the market where he sells plasticware and a variety of other products. He began his business with merchandise his parents provided to help him get established in life. At first he just sold his plastic products door-to-door. But with a lot of effort David obtained a stall at the market where he sells plastic goods for the home. In addition, he sells school supplies and toys for kids. His business also includes a black-and-white photocopy service which he provides with an old machine that he bought second hand. David will use the loan to invest in wholesale school supplies since the new school year will start soon. He will continue to invest in other products to provide a diverse inventory for his customers. He is sure that with these new products his business will grow. David is 28 years old, single and has a son. He depends entirely on his business to support his family.
David is sure that this loan will give his family financial security and will allow him to save for his son's education.

Translated from Spanish by Kiva Volunteer Julie Lerch

David tiene un local en el mercado donde vende plásticos y todos tipos de articulos varios.
El empezó su negocio con mercadería que le facilitaron sus padres para que el pueda salir adelante en su vida. Al principio solo vendía novedades en plásticos puerta a puerta. Pero con mucho esfuerzo David a puesto un local en el mercado local donde vende productos plásticos para el hogar. Ademas el vende materiales escolares y juguetes para niños. Su negocio también consiste de servicio de foto copias en blanco y negro que el ha podido realizar con una maquina vieja que compro de segunda mano.
David usara el préstamo para invertir en materiales escolares al por mayor dado a que el año escolar nuevo empieza pronto. El seguirá invirtiendo en otros productos también para tener un diverso inventario para sus clientes.
El tiene la seguridad que con estas nuevas variedades su negocio va ha tener un crecimiento.
David tiene 28 años, esta soltero tiene un hijo. El depende completamente del negocio para apoyar a su familia. David tiene la confianza que este préstamo le dará seguridad económica a su familia y le permitirá ahorrar para la educación de su hijo.


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Journal entries for David Merchán


Agradecimientos a Kiva
 
Entrepreneur: David Merchán
Location: Guayaquil, Ecuador

David esta muy agradecido con Kiva y la comunidad solidaria por este noble acto de apoyo a su microempresa. Para el esta oportunidad lo aprovechara en consolidar su negocio para atender a la comunidad que requiere de sus servicios. Su familia se siente con mas protección por que cuenta con mas oportunidades de crear ingresos para el hogar.

www.mifex.org


Posted by Luis Crespo from Guayaquil, Ecuador
Mar 16, 2007
Comments (2)

Copy Services and More!
 
Entrepreneur: David Merchán
Location: Guayaquil, Ecuador

David’s business is doing really well. As you can see from this photo, he has placed a large banner advertising his services above his shop in the market. He works daily from 8AM to 6PM attending to his many clients. This is a popular local market and David is able to capture new customers with his copy services. Sales of his other products are also an important part of the business. Although David works long hours, he is happy that he is able to save for his son’s education and future.


Posted by Lyz Li from Guayaquil, Ecuador
Nov 16, 2007
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Kiva Help Repayment Schedule for David Merchán

  Expected Repayments Actual Repayments Comments
June 2007 $150.00 $0.00 Repayment Received
July 2007 $150.00 $0.00 Repayment Received
August 2007 $150.00 $450.00 Repayment Received
September 2007 $150.00 $150.00 Repayment Received
October 2007 $150.00 $150.00 Repayment Received
November 2007 $150.00 $150.00 Repayment Received
December 2007 $150.00 $150.00 Repayment Received
January 2008 $150.00 $150.00 Repayment Received