Armando De Vicente Santos
Status: Paid Back
| $300.00 | Loan Request | |
|---|---|---|
| $300.00 | Paid Back |
About the Entrepreneur
| Name: | Armando De Vicente Santos |
|---|---|
| Location: | Pedro Escobedo, Querétaro, Mexico |
| Activity: | Animal Sales |
About the Loan
| Loan Amount: | $300.00 |
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| Loan Use: | Purchase lambs. |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Aug 10, 2008 |
| Date Disbursed: | Aug 24, 2008 |
| Date Funded: | Aug 10, 2008 |
| Loan Ended: | Mar 16, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Admic Nacional |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Paused |
| Time On Kiva: | 38 months |
| Kiva Entrepreneurs: | 3374 |
| Total Loans: | $1,683,000 |
| Delinquency Rate: | 38.38% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Mexico |
|---|---|
| Avg Annual Income: | $11,249.00 |
| Currency: | Mexico Pesos (MXN) |
| Exchange Rate: | 10.0160 MXN = 1 USD |
Once he arrived in Mexico, he started with part of the money he had sent to his wife and which she had saved. He bought his first lambs 3 years ago and from there, began a business buying and selling these animals. which has allowed him to generate income to support his wife and 3 children who are 10, 8 and 3 years old.
He needs a loan for US $300, which will be repaid in 6 months, to purchase more lambs. With your support, Armando will be able to get ahead.
Translated from Spanish by Molly Puglisi, Kiva volunteer.
Armando inició el negocio cuando lo deportaron de Estados Unidos, ya que estaba trabajando ilegalmente en ese país.
Comenzó una vez que llego a México y con parte del dinero que había enviado a su esposa, mismo que ella ahorro, compro los primeros borregos hace 3 años y de ahí comenzó el negocio de compra y venta de estos animales, lo que le ha permitido generar ingresos para mantener a su esposa y sus 3 hijos de 10, 8 y 3 años.
El necesita un préstamo por US $300 que pagara en 6 meses para comprar mas borregos. Con tu apoyo Armando saldrá adelante.
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Journal entries for Armando De Vicente Santos
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Loan has been disbursed
Location: Pedro Escobedo, Querétaro, Mexico
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Posted by
Rebeca Casas Abrego from Pedro Escobedo, Querétaro, Mexico
Aug 13, 2008 |
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Comment on this entry
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Repayment Schedule for Armando De Vicente Santos
Repayment Schedule for Armando De Vicente Santos
| Expected Repayments | Actual Repayments | Comments | |||
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| November 2008 | $50.00 | $50.00 |  Repayment Received
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| December 2008 | $50.00 | $50.00 | Repayment Received
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| January 2009 | $50.00 | $50.00 | Repayment Received
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| February 2009 | $50.00 | $50.00 | Repayment Received
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| March 2009 | $50.00 | $50.00 | Repayment Received
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| April 2009 | $50.00 | $50.00 | Repayment Received
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