Olivia Del Carmen Gago Hernandez


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

Name: Olivia Del Carmen Gago Hernandez
Location: Managua, Nicaragua
Activity: Food Market

About the Loan

Loan Amount: $625.00
Loan Use: Buy basic grains, vegetables, and fruit
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 1, 2008
Date Disbursed: Nov 14, 2008
Date Funded:Dec 13, 2008
Loan Ended:Sep 15, 2009

About the Country

Country:Nicaragua
Avg Annual Income:$3,636.00
Currency:Nicaragua Cordobas (NIO)
Exchange Rate:19.7995 NIO = 1 USD



Olivia is 43 years old and lives in the Memorial Sandino neighborhood in the capital city, Managua. She has two children ages 12 and 14 who study in the neighborhood secondary school. A single mother, she was able to open a small grocery store 10 years ago, beginning with selling refreshments and fruit. Because of a lack of financing her convenience store hasn’t grown as she started with just her own savings. Now she is opting for loans from Afodenic to invest in buying products for her store such as chicken, basic grains and fruit to offer her customers in hopes of growing her business and in the long term to create new markets and in this way help her children with their studies.



Translated from Spanish by Cindy Kendall, Kiva Volunteer


Doña Olivia tiene 43 años de edad, habita en el barrio Memorial Sandino, en la capital de Managua, con dos hijos de 12 y14 años de edad, los dos están estudiando la secundaria en el colegio del barrio madre soltera, ha puro esfuerzo logro poner una pequeña pulpería que la tiene desde hace diez años, solo comenzó vendiendo refrescos, y frutas, y por falta de financiamiento es que su pulpería no ha tenido el crecimiento en capital, pues comenzó con capital propio, ahora esta optando por prestamos en Afodenic para invertir en la compra de productos para su pulpería como pollo, granos básicos y frutas para ofertar a sus clientela espera beneficiarse para crecer y a largo plazo poder crear nuevos nichos de mercados, a si como ayudar a sus hijos con los estudios.



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Lenders to this entrepreneur

Peter
San Francisco, CA
United States

marie
minneapolis, MN
United States

fin
Frankfurt,
Germany

Holly
San Diego, CA
United States

Anonymous
Castle Rock, CO
United States



Journal entries for Olivia Del Carmen Gago Hernandez


Loan has been disbursed
 
Entrepreneur: Olivia Del Carmen Gago Hernandez
Location: Managua, Nicaragua

Thank you for your loan. It has been disbursed to Olivia del Carmen Gago Hernandez by AFODENIC in Nicaragua. We are excited to watch this business grow. Over the next 10 months, AFODENIC will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Managua, Nicaragua
Dec 14, 2008
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Kiva Help Repayment Schedule for Olivia Del Carmen Gago Hernandez

  Expected Repayments Actual Repayments Comments
February 2009     Repayment Received
From Entrepreneur to Field Partner Dec 17, 2008 1,237.47 NIO Dec 31, 2008 1,242.86 NIO  
From Field Partner to Lenders Feb 2009 $62.50 Feb 2009 $62.77  
March 2009     Repayment Received
From Entrepreneur to Field Partner Jan 17, 2009 1,237.47 NIO Jan 31, 2009 1,242.73 NIO  
From Field Partner to Lenders Mar 2009 $62.50 Mar 2009 $62.77  
April 2009     Repayment Received
From Entrepreneur to Field Partner Feb 17, 2009 1,237.47 NIO Feb 28, 2009 1,262.69 NIO  
From Field Partner to Lenders Apr 2009 $62.50 Apr 2009 $63.77  
May 2009     Repayment Received
From Entrepreneur to Field Partner Mar 17, 2009 1,237.47 NIO Mar 31, 2009 1,234.59 NIO  
From Field Partner to Lenders May 2009 $62.50 May 2009 $62.35  
June 2009     Repayment Received
From Entrepreneur to Field Partner Apr 17, 2009 1,237.47 NIO Apr 30, 2009 1,257.44 NIO  
From Field Partner to Lenders Jun 2009 $62.50 Jun 2009 $63.50  
July 2009     Repayment Received
From Entrepreneur to Field Partner May 17, 2009 1,237.47 NIO May 31, 2009 1,237.16 NIO  
From Field Partner to Lenders Jul 2009 $62.50 Jul 2009 $62.48  
August 2009     Repayment Received
From Entrepreneur to Field Partner Jun 17, 2009 1,237.47 NIO Jun 30, 2009 1,245.76 NIO  
From Field Partner to Lenders Aug 2009 $62.50 Aug 2009 $62.92  
September 2009     Repayment Received
From Entrepreneur to Field Partner Jul 17, 2009 1,237.47 NIO Jul 31, 2009 1,237.26 NIO  
From Field Partner to Lenders Sep 2009 $62.50 Sep 2009 $62.49  
October 2009     Repayment Received
From Entrepreneur to Field Partner Aug 17, 2009 1,237.47 NIO Aug 31, 2009 2,414.20 NIO  
From Field Partner to Lenders Oct 2009 $62.50 Oct 2009 $121.95  
November 2009     Repayment Received
From Entrepreneur to Field Partner Sep 17, 2009 1,237.46 NIO    
From Field Partner to Lenders Nov 2009 $62.50 Nov 2009 $0.00