Noel Antonio Gutierrez Medina


Status: Paid Back

$425.00   Loan Request
$425.00   Paid Back

About the Entrepreneur

Name: Noel Antonio Gutierrez Medina
Location: Managua, Nicaragua
Activity: Electronics Repair

About the Loan

Loan Amount: $425.00
Loan Use: Purchase of CDs and work tools
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 5, 2008
Date Disbursed: Nov 20, 2008
Date Funded:Nov 6, 2008
Loan Ended:Sep 15, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:19.9300 NIO = 1 USD



Noel is 34 years old and lives in a neighborhood of the Laureles Norte zone in the capital city Managua. He and his wife have two children of 10 and 14 years of age, both of whom are studying in primary school. She is a housewife and helps her husband with the business; Noel has been selling electronics, CDs and video games for six years and started repairing televisions and telephones, investing in and growing his inventory to obtain greater profit.

He would like to use the loan to invest in the purchase of CDs and work tools for repairing equipment. In the future his objectives are to offer a variety of products in order to increase his sales, make improvements to his house and continue providing an education to his children.


Translated from Spanish by Donald Allen, Kiva Volunteer


El Sr. Noel tiene 34 años de edad, habita en un barrio de asentamiento de los Laureles Norte en la capital de Managua, su esposa le tiene dos hijos de 10 y 14 años de edad, los dos están estudiando la primaria, y ella es ama de casa, y apoya a su esposo en las ventas, pues el negocio de don Noel es la electrónica y vende CD y video juegos y comida rapidas como amburguesa, reposteria, desde hace seis años inicio reparando televisores y teléfono, lo cual ha venido invirtiendo y creciendo en inventario para obtener mejores utilidades. Con la solicitud de préstamo la quiere para invertir en la compra de disco y herramienta de trabajo para la reparación de los equipos. A futuro su objetivo es ofrecer una variedad de productos para incrementar las ventas, hacer mejoras a su vivienda y seguir dando estudios a sus hijos.

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Journal entries for Noel Antonio Gutierrez Medina


Loan has been disbursed
 
Entrepreneur: Noel Antonio Gutierrez Medina
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Noel Antonio Gutierrez Medina by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the next 9 months, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Nov 21, 2008
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Kiva Help Repayment Schedule for Noel Antonio Gutierrez Medina

  Expected Repayments Actual Repayments Comments
February 2009 $47.22 $47.22 Repayment Received
March 2009 $47.22 $47.22 Repayment Received
April 2009 $47.22 $47.22 Repayment Received
May 2009 $47.22 $47.22 Repayment Received
June 2009 $47.22 $47.22 Repayment Received
July 2009 $47.22 $47.22 Repayment Received
August 2009 $47.22 $47.22 Repayment Received
September 2009 $47.22 $47.22 Repayment Received
October 2009 $47.24 $47.24 Repayment Received