Marlon Antonio López Sánchez


Status: Paid Back

$425.00   Loan Request
$425.00   Paid Back

About the Entrepreneur

Name: Marlon Antonio López Sánchez
Location: Managua, Nicaragua
Activity: Services

About the Loan

Loan Amount: $425.00
Loan Use: Investment in tools for his mobile disco/disc jockey business
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 30, 2008
Date Disbursed: Sep 13, 2008
Date Funded:Aug 30, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:19.8500 NIO = 1 USD



Marlon López is 23 years old and lives in the San Judas neighborhood. He is married with a 4 year old son. Marlon has two businesses, a small café and a mobile disco/disc jockey service. His wife helps him with the administration of the café when he is working with the disco. He started out as a businessman 10 years ago when he was selling soft drinks in order to help his parents pay for his education. With time he grew his business and currently he has the café, and he invested in a mobile disco that serves the neighbors in his area and other clients who seek out his services. The loan will be used to purchase equipment for the disc jockey business in order to improve the service to clients.

Translated from Spanish
by Erin Corcoran, Kiva volunteer.

Marlon López tiene 23 años de edad, habita en el barrio San judas, es casado, tiene un pequeño niño de 4 años de edad. Marlon tiene dos negocios, un pequeño cafetín y una disco móvil, su esposa le ayuda con la administración del cafetín cuando el está trabajando con la disco. Empezó a ser comerciante hace 10 años cuando vendía gaseosas para ayudar a sus papas a pagar sus estudios, con el tiempo fue creciendo y actualmente tiene el cafetín, y también invirtió en una disco móvil que atiende a los vecinos del lugar y demás personas que solicitan sus servicios. El préstamo será usado para la compra de insumos para la disco móvil y así poder mejorar el servicio que ofrece.


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Lenders to this entrepreneur

Anonymous
Seattle, WA
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Saundra
Oklahoma City, OK
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Good Dogg
Front Porch, www.kivafriends.org
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Jason
Swampscott, MA
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Tim
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Jerry
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Christian
Stuttgart,
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Christine
Clinton Township, MI
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Peter
Vancouver, British Columbia
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Alina
Ottawa, Ontario
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Louise
Philadelphia, PA
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The Ziffels
Merrillville, IN
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Aleeza
Saint Louis, MO
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Roger
Columbus, OH
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Mitch
Santa Cruz, CA
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Travis
Atlanta, GA
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Journal entries for Marlon Antonio López Sánchez


Loan has been disbursed
 
Entrepreneur: Marlon Antonio López Sánchez
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Marlon Antonio López Sánchez by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the next 8 months, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Sep 14, 2008
Comment on this entry

updated from Nicaragua
 
Entrepreneur: Marlon Antonio López Sánchez
Location: Managua, Nicaragua

Marlon Antonio Lopez Sanchez. thank you for Afodenic and Kiva for this loan. He sell in his business household appliances .He plans to develop his business and improve her customers service with the loan. In addition he is a DJ.

Marlon Antonio Lopez Sanchez ,el le da gracias a Afodenic y Kiva por este prestamo ,el cual en su negocio el vende electrodomesticos ,para ir desarrollando su venta e irle mejorando a sus clientes.


Posted by Francisco Montoya Baez from Managua, Nicaragua
May 25, 2009
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Help Fund Marlon's Next Loan
 
Entrepreneur: Marlon Antonio López Sánchez
Location: Managua, Nicaragua

Dear Lenders,

Earlier this year, you helped fund on a loan on Kiva to Marlon Antonio Lopez Sanchez. Marlon's next loan is currently fundraising on Kiva, and he has $350 left to raise with only one day remaining. Please consider lending to Marlon again so that his loan does not go unfunded.

Below is the description of Marlon's new loan. You can also see his borrower profile at: http://www.kiva.org/app.php?page=businesses&action=about&id=138802&_tpos=1&_tpg=1

The young Marlon Antonio is 24 years old, and he lives in the neighborhood of Pilar in the capital of Managua. His wife has two children, who are 2 and 4 years old. His plans are to have his own house since he now lives in his parents’ house. He has a business selling cosmetics and a variety of products. Since he was young, he has worked with his parents since they have a grocery store in the market. This is an advantage because he knows a lot about business and has been supported by his parents. He has worked and with his savings, he has succeeding in becoming independent. This is his second loan cycle with Afodenic. He will use the loan to buy hair gel to sell at wholesale and individually. He needs a lot of capital so that he can meet his customers’ demand. The other products that he sells include soda, drinks, sweets, music CDs, and DVDs. He hopes that in the future he can have his own location for his business. He is thankful for Afodenic because they have made is possible for him to increase his capital, with which he is able to generate more earnings to begin building his home.

Thank you,

AFODENIC


Posted by Victoria Kabak from Managua, Nicaragua
Oct 29, 2009
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Kiva Help Repayment Schedule for Marlon Antonio López Sánchez

  Expected Repayments Actual Repayments Comments
December 2008 $53.12 $54.00 Repayment Received
January 2009 $53.12 $52.25 Repayment Received
February 2009 $53.12 $53.13 Repayment Received
March 2009 $53.12 $53.13 Repayment Received
April 2009 $53.12 $53.13 Repayment Received
May 2009 $53.12 $53.13 Repayment Received
June 2009 $53.12 $53.12 Repayment Received
July 2009 $53.16 $53.11 Repayment Received