Marvin José Maltez Herrera


Status: Paying Back

$600.00   Loan Amount
91% repaid

About the Entrepreneur

Name: Marvin José Maltez Herrera
Location: Managua, Nicaragua
Activity: General Store

About the Loan

Loan Amount: $600.00
Loan Use: Purchase whole grains
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 20, 2008
Date Disbursed: Nov 3, 2008
Date Funded:Oct 20, 2008

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.0805 NIO = 1 USD



Marvin lives in a neighborhood of Managua called Villa Reconciliacion. He is married with two children of ages 6 and 10, both of who are students. His wife is a housewife who takes care of the children and is dedicated to the home and their small market.

Because he likes music also, he sings in a bar called Chinchilla, a great place to go because of the pleasant environment. He started a market with his own money and the small savings of his wife. She has always supported Marvin so that he could achieve his goals. The purpose of this loan is to purchase inventory such as whole grains in order to offer his customers a variety of products. In the future, he would like to be able to grow his business and to be able to offer more products. In this way, he will obtain more customers.

Translated from Spanish by Brittany Thatcher, Kiva Volunteer


Marvin habita en un barrio de la capital de Managua, que se llama Villa Reconciliación, es casado y tiene dos hijos de 6 y 10 años de edad los cuales están estudiando. Su esposa es ama de casa cuida a sus hijos y esta pendiente del hogar y también de la pulpería que junto a Marvin tienen.

Como le gusta la música también canta en un bar que se llama Chinchilla que es bien frecuentado ya que su ambiente es muy agradable. El levantó la pulpería con fondos propios y con pequeños ahorros de su esposa ya que ella siempre lo ha apoyado para que Marvin pueda lograr sus objetivos. Con la solicitud del préstamo es para comprar inventario en la compra de granos básicos para ofrecer a sus clientes variedad de productos. A futuro es poder agrandar más el negocio de su pulpería y poder ofertar más los productos y de esta manera lograr más clientela.

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Journal entries for Marvin José Maltez Herrera


Loan has been disbursed
 
Entrepreneur: Marvin José Maltez Herrera
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Marvin José Maltez Herrera by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the next 12 months, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Nov 4, 2008
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Kiva Help Repayment Schedule for Marvin José Maltez Herrera

  Expected Repayments Actual Repayments Comments
February 2009 $50.00 $50.00 Repayment Received
March 2009 $50.00 $50.00 Repayment Received
April 2009 $50.00 $50.00 Repayment Received
May 2009 $50.00 $50.00 Repayment Received
June 2009 $50.00 $50.00 Repayment Received
July 2009 $50.00 $50.00 Repayment Received
August 2009 $50.00 $50.00 Repayment Received
September 2009 $50.00 $50.00 Repayment Received
October 2009 $50.00 $50.00 Repayment Received
November 2009 $50.00 $50.00 Repayment Received
December 2009 $50.00 $50.00 Repayment Received
January 2010 $50.00 Available Jan 1