Freddy Chalen
Status: Paid Back
| $475.00 | Loan Request | |
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| $475.00 | Paid Back |
About the Entrepreneur
| Name: | Freddy Chalen |
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| Location: | Guayaquil, Ecuador |
| Activity: | Bakery |
About the Loan
| Loan Amount: | $475.00 |
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| Loan Use: | Purchase flour, sugar and other ingredients |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
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| Date Listed: | Mar 19, 2007 |
| Date Disbursed: | Apr 2, 2007 |
| Date Funded: | Mar 19, 2007 |
| Loan Ended: | Oct 5, 2007 |
About the Field Partner
About the Field Partner
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| Field Partner: | MIFEX |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Closed |
| Time On Kiva: | 42 months |
| Kiva Entrepreneurs: | 1918 |
| Total Loans: | $1,396,800 |
| Delinquency Rate: | N/A - No Paying Back Loans |
| Default Rate: | 24.14% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Ecuador |
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| Avg Annual Income: | $4,776.00 |
| Currency: | United States Dollars (USD) |
Freddy has an experience of 7 years preparing and selling candies. He began working with a friend delivering bread. With the money he saved in the activity, he decided to buy an oven and moves to work as an independent with his wife. He has been able to begin building his cement house instead of the bamboo wood he had before. He works daily from 7am to 4pm selling the products and from 6pm to 2am to prepare it.
Freddy wants the Kiva loan to be able to buy products for the preparation of the candy, because at this time he is only delivery to schools and request from stores of the area.
Freddy is 34 years old, has 3 kids, two of them are in school already. Hi wife helps him preparing the candy and also works as a teacher in a school. His wish is to be able to improve his house so he can install his business there, because now he only works making deliveries.
Translated from Spanish by N.D., Kiva Volunteer.
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Joel
Los Angeles, CA
United States
Journal entries for Freddy Chalen
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Agradecimientos a Kiva
Location: Guayaquil, Ecuador
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Posted by
Luis Crespo from Guayaquil, Ecuador
Apr 5, 2007 |
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Comments (1)
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Repayment Schedule for Freddy Chalen
Repayment Schedule for Freddy Chalen
| Expected Repayments | Actual Repayments | Comments | |||
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| July 2007 | $79.17 | $0.00 |  Repayment Received
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| August 2007 | $79.17 | $160.00 | Repayment Received
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| September 2007 | $79.17 | $80.00 | Repayment Received
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| October 2007 | $79.17 | $80.00 | Repayment Received
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| November 2007 | $79.17 | $80.00 | Repayment Received
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| December 2007 | $79.15 | $75.00 | Repayment Received
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