Carlos Luis Alvarado Garcia


Status: Paying Back

$725.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Carlos Luis Alvarado Garcia
Location: Acuna, Mexico
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $725.00
Loan Use: Materials and labor for construction
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 4, 2009
Date Disbursed: Apr 2, 2009
Date Funded:Apr 7, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:13.8803 MXN = 1 USD



Mr. Carlos Luís Alvarado lives with his wife and four children. He works as a waiter in a restaurant in the city. The income he receives for this work is not very high, what helps his family economically are the tips that his customers leave him. Over the years Carols has built an inheritance for his family with his own savings. First he bought a plot of land and began farming it. Now he has stopped work because he is lacking materials and money to pay the laborers so he is asking us for a loan to complete his project.

Translated from Spanish by Cindy Kendall, Kiva Volunteer


El señor Carlos Luís Alvarado vive con su esposa y sus cuatro hijos el trabaja como mesero en un restaurante-bar de la ciudad, el ingreso que el percibe por este trabajo no es muy alto, lo que ayuda a la economía de esta familia son las propinas que dejan los clientes, al paso del los años el Señor Carlos ha construido un patrimonio para su familia con ahorros propios. Primero el compro un terreno y empezó a fincar en el, a horita el tiene la obra detenida por falta de materiales y dinero para pago de mano de obra por lo que el nos solicita ayuda para poder realizar su proyecto.


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 Carlos Luis Alvarado Garcia


Loan has been disbursed
 
Entrepreneur: Carlos Luis Alvarado Garcia
Location: Acuna, Mexico

Thank you for your loan. It has been disbursed to Carlos Luis Alvarado Garcia 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
Apr 8, 2009
Comment on this entry

Kiva Help Repayment Schedule for Carlos Luis Alvarado Garcia

  Expected Repayments Actual Repayments Comments
July 2009 $60.42 $60.39 Repayment Received
August 2009 $60.42 $60.46 Repayment Received
September 2009 $60.42 $60.41 Repayment Received
October 2009 $60.42 $60.42 Repayment Received
November 2009 $60.42 $60.42 Repayment Received
December 2009 $60.42 $60.42 Repayment Received
January 2010 $60.42 Available Jan 1  
February 2010 $60.42 Available Feb 1  
March 2010 $60.42 Available Mar 1  
April 2010 $60.42 Available Apr 1  
May 2010 $60.42 Available May 1  
June 2010 $60.38 Available Jun 1