Martha Lorena Vasquez Marin


Status: Paying Back

$1,150.00   Loan Amount
49% repaid

About the Entrepreneur

Name: Martha Lorena Vasquez Marin
Location: Chontales, Nicaragua
Activity: Construction

About the Loan

Loan Amount: $1,150.00
Loan Use: Improving her kitchen, pantry and ceramic tile on the floors
Repayment Term: 16 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Mar 8, 2009
Date Disbursed: Mar 5, 2009
Date Funded:Mar 11, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:20.1825 NIO = 1 USD



Martha Lorena is married, she is 48 years old and bought a house at Residencial Bosque in Juigalpan that she wants to improve. She wants to add to her kitchen, build a pantry and build a ceramic tile floor. She is currently living at a sister's house where she lacks privacy. Her husband works in USA and is trying to get his retirement to move to his house in Juigalpan, where he expects to retire with his wife and kids, one is eight years old and this daughter studies high school in USA. Once the house is on good conditions he will move to Nicaragua to fulfill his dream living with his wife and children. Ms. Martha Lorena will keep on improving her house once his husband is in Nicaragua, because right now is difficult to spend on family expenses in both places.

Translated from Spanish by Nina Delgado, Kiva Volunteer


Martha Lorena es casada, tiene 48 años de edad, adquirio una vivienda en el Residencial Bosques de Juigalpan donde desea realizar mejoras como son: anexo para la cocina, construccion de pantry y poner ceramica al piso que esta embaldozado, acutalmente esta habitando en casa de una hermana donde no tiene condiciones ni privacidad, su esposo trabaja en estados unidios y esta gestionando su jubilacion para trasladarse a su vivienda en Juigalpa, donde pasara su jubilacion con su esposa y sus 2 hijos, uno de 8 años estudiando el 3er grado de primaria y la otra actualmente en estados unidos estudiando la secundaria. Una vez que la vivienda preste las condiciones necesarias se trasladaran para Nicaragua a cumplir su sueño de vida, descansar junto a su esposa e hijos. Doña Martha Lorena esta dispuesta a continuar mejorando su vivienda una vez que su esposo este en Nicaragua, ya que en estos momentos se les hace dificil estar atendiendo gastos familiares en 2 lugares.

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Journal entries for Martha Lorena Vasquez Marin


Loan has been disbursed
 
Entrepreneur: Martha Lorena Vasquez Marin
Location: Chontales, Nicaragua

Thank you for your loan. It has been disbursed to Martha Lorena Vasquez Marin by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the 13 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
Mar 12, 2009
Comment on this entry

Update from Nicaragua
 
Entrepreneur: Martha Lorena Vasquez Marin
Location: Chontales, Nicaragua

Martha Lorena Vasquez Marin works in the field of business administration, lives in Juigalpa and requested a loan to be able to improve her home. The loan was used in order to build a kitchen and make her home a better place to live. The intended use of the loan was to place ceramic floor tiles in the kitchen but they weren’t able to because the loan was very small. For the future Martha plans on soliciting another loan to put floor tiles in the bathroom, living room, etc. and wall tiles in the bathroom. She would recommend microloans because “it is a fast way to answer to our needs and desires.”

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For more information and updates from AFODENIC please visit our website: www.afodenic.com

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Posted by Francisco Montoya Baez from Chontales, Nicaragua
Jul 7, 2009
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Kiva Help Repayment Schedule for Martha Lorena Vasquez Marin

  Expected Repayments Actual Repayments Comments
June 2009 $82.14 $82.14 Repayment Received
July 2009 $82.14 $82.14 Repayment Received
August 2009 $82.14 $82.14 Repayment Received
September 2009 $82.14 $82.14 Repayment Received
October 2009 $82.14 $82.14 Repayment Received
November 2009 $82.14 $82.14 Repayment Received
December 2009 $82.14 $82.14 Repayment Received
January 2010 $82.14 Available Jan 1  
February 2010 $82.14 Available Feb 1  
March 2010 $164.28 Available Mar 1  
May 2010 $82.14 Available May 1  
June 2010 $82.14 Available Jun 1  
July 2010 $82.18 Available Jul 1