Maria Elena Garcia Reyes


Status: Paying Back

$600.00   Loan Amount
90% repaid

About the Entrepreneur

Name: Maria Elena Garcia Reyes
Location: Chontales, Nicaragua
Activity: Construction

About the Loan

Loan Amount: $600.00
Loan Use: Erect walls and build a roof for her home currently under construction.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 1, 2009
Date Disbursed: Dec 22, 2008
Date Funded:Jan 10, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.2155 NIO = 1 USD





Maria Elena is 37 years old, she is married and has a 13 year old son who is in high school. Her husband works and helps her with the household expenses. Maria Elena is a responsible person, she is a good mother and wants to giver her son a worthy and proper home. She currently rents and wants to get out of this situation since she cannot make improvements to the room that she lives in as it does not belong to her. With the previous loans that she received she bought a plot of land and a portion of the construction materials. With this third loan she wants to erect walls and build a roof. She plans that in the future, when she has paid this loan, she will continue with others until the construction of her own home is complete. It has been her life long dream that her son have stability and not move from place to place because the owners of the homes where she currently lives can ask her to leave at any time.

Translated from Spanish by Cindy Manzo, Kiva Volunteer


La Sra. Maria Elena, casa, de 37 años de edad, con un hijo de 13 años estudiando la secundaria, su esposo trabaja y le ayuda con los gastos del hogar. Maria Elena es una persona responsable, buena madre y desea darle un hogar digno y propio a su hijo, ya que ella en estos momentos alquila y quiere salir de esa situacion pues en el cuarto que habita no puede realizar ninguna mejora porque no es de ella, con los creditos anteriores compro un terreno y parte de los materiales de construccion, con este 3er credito quiere levantar paredes y poner techo; plantea que en un futuro cuando haya cancelado este credito continuara con otros hasta lograr la construccion completa de su propia vivienda que han sido los sueños de toda su vida para que su hijo tenga estabilidad y no estar de un lugar a otro, porque los dueños de las casas donde habita actualmente le pueden pedir en cualquier momento desaloje el cuarto.

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Top Lending Teams for this entrepreneur


California State University Chico
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Journal entries for Maria Elena Garcia Reyes


Loan has been disbursed
 
Entrepreneur: Maria Elena Garcia Reyes
Location: Chontales, Nicaragua

Thank you for your loan. It has been disbursed to Maria Elena Garcia Reyes 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 Chontales, Nicaragua
Jan 11, 2009
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Update from Nicaragua
 
Entrepreneur: Maria Elena Garcia Reyes
Location: Chontales, Nicaragua

Maria Elena Garcia from Juigalpa requested a loan in order to improve her house. She used the loan to purchase construction materials for her house. The results of the loan were good because Maria was able to achieve what she had set out to achieve, which was to but materials to initiate the construction of her house. For the future Maria plans on obtaining other credits to finish the construction of her house and buy other things that are used in a home. She would recommend microloans because they are something that always benefits someone when they maintain a healthy relationship with the institution. Relevant observation: she thanks the AFODENIC and KIVA for the support extended to her.


Posted by Francisco Montoya Baez from Chontales, Nicaragua
Jun 15, 2009
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Kiva Help Repayment Schedule for Maria Elena Garcia Reyes

  Expected Repayments Actual Repayments Comments
March 2009 $54.55 $55.99 Repayment Received
April 2009 $54.55 $53.10 Repayment Received
May 2009 $54.55 $54.55 Repayment Received
June 2009 $54.55 $54.54 Repayment Received
July 2009 $54.55 $54.55 Repayment Received
August 2009 $54.55 $54.55 Repayment Received
September 2009 $54.55 $54.57 Repayment Received
October 2009 $54.55 $54.55 Repayment Received
November 2009 $54.55 $54.55 Repayment Received
December 2009 $54.55 $54.55 Repayment Received
January 2010 $54.50 Available Jan 1