Donald Cristian Umaña


Status: Paid Back

$425.00   Loan Request
$425.00   Paid Back

About the Entrepreneur

Name: Donald Cristian Umaña
Location: Managua, Nicaragua
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $425.00
Loan Use: To buy grapes, apples, and products such as juices and sodas
Repayment Term: 10 months - View details below
Lenders Repaid:Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 1, 2009
Date Disbursed:Dec 9, 2008
Date Funded:Jan 4, 2009
Loan Ended:Sep 15, 2009

About the Country

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



Donald is 52 years old and lives in the Riguero neighborhood. He is married and his wife is a merchant with two children that are 11 years old. They are twins and he has them both studying. He has worked as a driver for the last nine years and also sells fruit. His plans for his family are to always support his wife so that his children have what they need to become professionals. He started his business selling fruit with his own money to help a little with household expenses. Financially, his plans are to increase the sales of his products with the purchase of fruits such as: apples, grapes, strawberries and beverages such as: sodas, juices, etc. Thanks to the loans from Afodenic (a Kiva field partner), he will be able to increase his inventory and increase the usefullness that will benefit his family.


Translated from Spanish by Megan Tatman Montgomery, Kiva Volunteer


El Sr. Donald tiene 52 años de edad, habitante del barrio Riguero, casado su esposa es comerciante con dos hijos de 11 años de edad, son gemelos y los tiene estudiando. Trabaja como conductor desde hace nueve años y vende productos de frutas. Sus planes familiares son apoyar a su esposa siempre para que sus hijos tengan lo necesario para ser unos profesionales .Inicio su negocio con ventas de frutas, con dinero propio para ayudar un poco más en los gastos de la casa.
En lo económico son aumentar la venta de sus producto con la compra de frutas como: manzana, uva, fresa y productos de bebidas como: gaseosas, jugos, etc. Gracias a los préstamos de Afodenic lograra el aumento de inventario y una mayor utilidad que beneficiará a su familia.

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Journal entries for Donald Cristian Umaña


Loan has been disbursed
 
Entrepreneur: Donald Cristian Umaña
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Donald Cristian Umaña by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 7 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
Jan 4, 2009
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Kiva Help Repayment Schedule for Donald Cristian Umaña

  Expected Repayments Actual Repayments Comments
March 2009 $53.12 $53.17 Repayment Received
April 2009 $53.12 $53.36 Repayment Received
May 2009 $53.12 $52.85 Repayment Received
June 2009 $53.12 $53.12 Repayment Received
July 2009 $53.12 $53.13 Repayment Received
August 2009 $53.12 $53.13 Repayment Received
September 2009 $53.12 $53.08 Repayment Received
October 2009 $53.16 $53.16 Repayment Received