Teodoro Burgos
Status: Paid Back
| $950 |
Loan Request
Disbursed
: Oct 14, 2006
Listed: Sep 19, 2006
Funded: Sep 30, 2006
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| $950 |
Paid Back
Ended: Apr 14, 2007
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About the Field Partner
| MIFEX administers this loan. Learn more | |||||||
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| Field Partner: | MIFEX | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Closed | ||||||
| Time on Kiva: | 45 months | ||||||
| Kiva Entrepreneurs: | 1918 | ||||||
| Total Loans: | $1,396,800 | ||||||
| Interest & Fees are Charged: | No (Learn more) | ||||||
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| Delinquency Rate: | N/A - No Paying Back Loans | ||||||
| Default Rate: | 24.14% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Ecuador |
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| Avg Annual Income: | $4,776 |
| Currency: | United States Dollars (USD) |
About the Loan
| Location: | Guayaquil, Ecuador | Repayment Term: | 9 months (more info) |
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| Activity: | Vehicle Repairs | Repayment Schedule: | Monthly | |
| Loan Use: | Specifically, he needs to buy engine compressors, gauges, hoses, pumps, and a heavy duty set of power tools. | Currency Exchange Loss: | N/A | |
| Default Protection: | Covered |
Teodoro Burgos was born in Quevado, Ecuador and has lived in Guayaquil for nearly fifteen years now. He is married with five children and owns a small auto mechanic shop called Taller Mecánico Burgos. Teodoro rents a shop in an area called La Zona and would like to own this building someday. When he first started out as an apprentice mechanic in another shop, he always dreamed of growing his business to be one of the biggest in Guayaquil. His hours are 9am until 7pm Monday through Saturday. Mr. Burgos is requesting a $950 loan to be able to purchase materials most often used in the day-today management of his repair shop. Specifically, he needs to buy engine compressors, gauges, hoses, pumps, and a heavy duty set of power tools. Teodoro want prospective lenders to know that he has a specific plan for reaching out to new clients and intends on growing his business two-fold over the next year.
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Journal entries for Teodoro Burgos
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Noticias
Location: Guayaquil, Ecuador
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Posted by
Luis Crespo from Guayaquil, Ecuador
Oct 14, 2006 |
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Comment on this entry
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Repayment Schedule for Teodoro Burgos
Repayment Schedule for Teodoro Burgos
| Expected Repayments | Actual Repayments | Comments | |||
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| January 2007 | $158.33 | $119.00 |  Repayment Received
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| February 2007 | $158.33 | $199.00 | Repayment Received
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| March 2007 | $158.33 | $159.00 | Repayment Received
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| April 2007 | $158.33 | $0.00 | Repayment Received
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| May 2007 | $158.33 | $159.00 | Repayment Received
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| June 2007 | $158.35 | $314.00 | Repayment Received
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