Francis Raquel Obando


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

Name: Francis Raquel Obando
Location: Managua, Nicaragua
Activity: General Store

About the Loan

Loan Amount: $525.00
Loan Use: To buy basic grains, cleaning products and sweets for sale.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 8, 2008
Date Disbursed: Sep 22, 2008
Date Funded:Sep 8, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:19.5200 NIO = 1 USD



Francis lives in the neighborhood of Riguero de Managua. With her own efforts and the support of her family, she was able to start a store in her house. She has already had her small business for five years. She has had difficulty with low sales, but has managed to do well. Her husband is a merchant and he is the head of the family. At 34 years of age, she only has a girl of 1 ½ years of age. The loan is needed to invest in the store. She will buy basic grains, delicacies, and cleaning products for the home, in order to have an assortment and thus to be able to satisfy the demands of her clientele. She works very hard daily to be able to obtain income that will help with the maintenance of the family, as well as the daily fight of having to keep the business always working, in spite of the difficulties that the Nicaraguans suffer these days.

Translated from Spanish by B, Kiva Volunteer.



Francis habita en el barrio Riguero de Managua, con esfuerzos propios y apoyo de su familia logró para poner una pulpería en su casa ya tiene cinco años de tener su pequeño negocio, ha tenido dificultad con las ventas bajas, pero ha logrado salir adelante. Su esposo es comerciante y está pendiente de la familia, a sus 34 años de edad, solo tiene una niña de 1 ½ de edad. El préstamo lo necesita para invertir en la pulpería, comprará granos básicos, golosinas, productos de limpieza para el hogar, con el fin de tener surtido y así poder satisfacer la demanda de su clientela. Diariamente trabaja muy duro para poder obtener ingresos que le ayuden a la manutención de la familia, así como la lucha diaria de tener el negocio siempre trabajando, a pesar de las dificultades que sufren en estos días los nicaragüenses.


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Journal entries for Francis Raquel Obando


Loan has been disbursed
 
Entrepreneur: Francis Raquel Obando
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Francis Raquel Obando by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the next 6 months, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Sep 23, 2008
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Kiva Help Repayment Schedule for Francis Raquel Obando

  Expected Repayments Actual Repayments Comments
December 2008 $87.50 $88.00 Repayment Received
January 2009 $87.50 $87.00 Repayment Received
February 2009 $87.50 $87.50 Repayment Received
March 2009 $87.50 $87.50 Repayment Received
April 2009 $87.50 $87.50 Repayment Received
May 2009 $87.50 $87.50 Repayment Received