Lourdes Del Socorro Martinez Obando


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

Name: Lourdes Del Socorro Martinez Obando
Location: Managua, Nicaragua
Activity: Food Market

About the Loan

Loan Amount: $525.00
Loan Use: To buy various products to supply her grocery store
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 1, 2009
Date Disbursed: Dec 16, 2008
Date Funded:Jan 6, 2009
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



Mrs. Lourdes is 42 years old and lives in the fantasma neighborhood in the capital. She is married and her husband is a merchant. She has three precious children, ages 10, 21, and 23. Her hope is to improve her family's quality of life and offer them new opportunities. Doña Lourdes has owned a small grocery store for the past 12 years, which she started with money she earned at her previous job. The plan for her business is to increase the volume of sales by bringing in new products. Thanks to the loans from Afodenic, she will be able to buy larger quantities of existing and new products to increase earnings, and also increase the variety of products she is able to offer her customers.


Translated from Spanish by Matthew Raimondi, Kiva Volunteer


La Sra. Lourdes tiene 42 años de edad, habitante del barrio fantasma en la capital, estado civil casada su esposo es comerciante, tiene tres preciosos hijos de 16, 21 y 23 años de edad. Sus planes para la familia es mejorar su nivel de vida y ofrecerles nuevas oportunidades en esta vida. Doña Lourdes posee su pequeño negocio una pulpería desde hace 12 años, la inicio con fondo propio de su trabajo anterior. Los planes en el ámbito comercio es aumentar el volumen de las ventas con nuevos productos. Gracias a los prestamos de Afodenic lograra comprar nuevos y mas productos para obtener mayores utilidades y variedades de productos para ofertar a sus clientes

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Journal entries for Lourdes Del Socorro Martinez Obando


Loan has been disbursed
 
Entrepreneur: Lourdes Del Socorro Martinez Obando
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Lourdes del Socorro Martinez Obando by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 8 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 7, 2009
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Kiva Help Repayment Schedule for Lourdes Del Socorro Martinez Obando

  Expected Repayments Actual Repayments Comments
March 2009 $58.33 $58.49 Repayment Received
April 2009 $58.33 $58.17 Repayment Received
May 2009 $58.33 $58.33 Repayment Received
June 2009 $58.33 $58.33 Repayment Received
July 2009 $58.33 $58.33 Repayment Received
August 2009 $58.33 $58.33 Repayment Received
September 2009 $58.33 $63.13 Repayment Received
October 2009 $58.33 $59.71 Repayment Received
November 2009 $58.36 $52.18 Repayment Received