Melania Aurora Mendez Quintero


Status: Paid Back

$425.00   Loan Request
$425.00   Paid Back

About the Entrepreneur

Name: Melania Aurora Mendez Quintero
Location: Managua, Nicaragua
Activity: Construction

About the Loan

Loan Amount: $425.00
Loan Use: Buy construction materials to build a wall
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 1, 2008
Date Disbursed: Nov 25, 2008
Date Funded:Dec 23, 2008
Loan Ended:Oct 15, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:19.7995 NIO = 1 USD



Melania is 37 years old. She lives in the Laureles Norte neighborhood of the capital city with her oldest son and her husband. Both her son and her husband work. Her husband is a salesman and helps with the household expenses. Doña Melania has a business selling clothes and miscellaneous items. She has been a saleswoman for three years. With a loan from a finance company, she was able to start her own business. Sometimes business is tough, since sales are not what she had hoped. Now she is part of Afodenic and enjoys their repayment methods because their interest rates are low. She is going to invest this loan in infrastructure by building a wall in front of her house. This wall will give her family a little more security. For the construction project, she needs to buy stone, cement, sand and iron. Her long term goal is to invest in her business so she can pick up more clients and obtain better earnings.

Translated from Spanish by Priya Bapat, Kiva Volunteer


La Sra. Melania tiene 37 años de edad, habita en un barrio de la capital que se llama Laureles Norte, con un hijo mayor que trabaja, su esposo trabaja en ventas y ayuda a los gastos del hogar. El negocio de doña Melania es la venta de ropa y variedades pues inicio desde hace tres años en la ventas, con un préstamo en una financiera pues logro poner su venta, a veces difícil ya que las ventas no son a como lo espera, ahora va a formar parte de Afodenic ya que le gusta la modalidad de pago como sus intereses que son. Bajos. Con la solicitud
Va invertir en infraestructura en la construcción de un muro en frente de la casa para tener un poco de seguridad para su familia, para esto va a comprar piedra, cemento, arena y hierro. A largo plazo es invertir más en su negocio para captar mas clientes y obtener mejores ganancias.

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Journal entries for Melania Aurora Mendez Quintero


Loan has been disbursed
 
Entrepreneur: Melania Aurora Mendez Quintero
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Melania Aurora Mendez Quintero by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 10 months of this loan, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Dec 24, 2008
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Kiva Help Repayment Schedule for Melania Aurora Mendez Quintero

  Expected Repayments Actual Repayments Comments
March 2009 $42.50 $86.53 Repayment Received
April 2009 $42.50 $44.63 Repayment Received
May 2009 $42.50 $0.00 Repayment Received
June 2009 $42.50 $85.20 Repayment Received
July 2009 $42.50 $43.60 Repayment Received
August 2009 $42.50 $42.45 Repayment Received
September 2009 $42.50 $42.04 Repayment Received
October 2009 $42.50 $42.96 Repayment Received
November 2009 $42.50 $37.59 Repayment Received
December 2009 $42.50 Available Dec 1 Repayment Received