Melvis Merchán


Status: Paid Back

$950.00   Loan Request
$950.00   Paid Back

About the Entrepreneur

Name: Melvis Merchán
Location: Guayaquil, Ecuador
Activity: Home Products Sales

About the Loan

Loan Amount: $950.00
Loan Use: Purchase goods such as plastic containers, cooking utensils, and marketing materials.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 17, 2006
Date Disbursed: Oct 15, 2006
Date Funded:Oct 1, 2006
Loan Ended:Apr 16, 2007

About the Country

Country:Ecuador
Avg Annual Income:$4,776.00
Currency:United States Dollars (USD)



Melvis Merchan was born in Manabi, Ecuador and is a 44 year-old single woman. She own a small business, selling various household items in the Municipal de Bastión Popular. She starts work at 6am every day and usually closes her shop around 5pm. Her parents taught her how to operate the store, as they were the previous owners before Melvis took over. In the four years since she has been the proprietor of Bazar Melvis, Ms. Merchan has gained the customer loyalty she needs to now expand. She is asking for a $950 loan so she can buy food-packing items like Tupperware as well as other goods such as cooking utensils, which many local chefs purchase. More than anything, Melvis wants to be free of the “chulqueros” or loan sharks who charge high interest to poor Ecuadorians. She hopes that with this loan she can grow her business and be able to help her parents who are in need of more medical attention as they get older.



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Journal entries for Melvis Merchán


Noticias
 
Entrepreneur: Melvis Merchán
Location: Guayaquil, Ecuador

Melvis, agradece a los prestamistas que le proporcionaron el microcredito. Esta feliz de contar con dinero para surtir los inventarios, en especial en esta epoca proxima a la navidad.

Saludos del guayaquil-ecuador


Posted by Luis Crespo from Guayaquil, Ecuador
Oct 16, 2006
Comments (4)

Kiva Help Repayment Schedule for Melvis Merchán

  Expected Repayments Actual Repayments Comments
January 2007 $158.33 $119.00 Repayment Received
February 2007 $158.33 $199.00 Repayment Received
March 2007 $158.33 $159.00 Repayment Received
April 2007 $158.33 $0.00 Repayment Received
May 2007 $158.33 $159.00 Repayment Received
June 2007 $158.35 $314.00 Repayment Received