Vicente Ortiz Arellano


Status: Paying Back

$725.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Vicente Ortiz Arellano
Location: Acuna, Mexico
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $725.00
Loan Use: Purchase of building materials
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 1, 2009
Date Disbursed: Jan 21, 2009
Date Funded:Feb 7, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:14.0653 MXN = 1 USD



Vicente Ortiz Arellano built two rooms on his home with his own savings. But now, his funds have dried up, and his building doesn’t have a roof. He needs building materials to begin putting down the slab for the remaining two rooms. His family is large which is why he wants to make the home more comfortable and spacious. He also has a business where he sells food and groceries, which he runs from his truck. He would like to make the most of the loan to establish himself more securely. He’s asking to borrow 10,000 pesos.

Translated from Spanish by Jo Longnecker, Kiva Volunteer


Vicente Ortiz Arellano tiene dos cuarto que el construyó con sus propios ahorros, pero en esta momento a el se le acabaron sus fondos el cual su construcción quedo sin techo.
El necesita material para empezar aponer la losa en esos dos cuartos que le faltan, su familia es grande el cual quiere darle comodidad y espacio.
También tiene un negocio donde vende comida y abarrotes pero lo tiene en un camión y en uno aprovecharía para instalarse con mayo seguridad. El solicita la cantidad e $10,000 pesos.



About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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Journal entries for Vicente Ortiz Arellano


Loan has been disbursed
 
Entrepreneur: Vicente Ortiz Arellano
Location: Acuna, Mexico

Thank you for your loan. It has been disbursed to Vicente Ortiz Arellano by Fundación para la Vivienda Progresiva (FVP), a partner of CHF International in Mexico. We are excited to watch this business grow. Over the 11 months of this loan, Fundación para la Vivienda Progresiva (FVP), a partner of CHF International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Acuna, Mexico
Feb 8, 2009
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Kiva Help Repayment Schedule for Vicente Ortiz Arellano

  Expected Repayments Actual Repayments Comments
May 2009 $65.91 $60.39 Repayment Received
June 2009 $65.91 $60.46 Repayment Received
July 2009 $65.91 $120.78 Repayment Received
August 2009 $65.91 $0.00 Repayment Received
September 2009 $65.91 $87.92 Repayment Received
October 2009 $65.91 $32.96 Repayment Received
November 2009 $65.91 $60.42 Repayment Received
December 2009 $65.91 $60.42  
January 2010 $65.91 Available Jan 1  
February 2010 $65.91 Available Feb 1  
March 2010 $65.90 Available Mar 1