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German
Mr. Lopez is a married father of four, and two of his children work for him at his carpentry shop. The loan will be used to buy tools like hammers, electric saws, etc. that will allow him to complete clients' orders faster and at a higher quality. Another part he plans to invest on reparing his workshop and enlarging it a little, which will allow him to hire another assistant. This is important because it would generate a source of employment in a country where the unemployment rate is very high.

Translated from Spanish by Marty Greenstein, Kiva Volunteer.


El Sr. L. es casado y padre de 4 hijos, 2 de los cuales laboran con el en su taller de carpintería, el préstamo lo invertirá en la compra de herramientas (Martillo, sierras eléctricas, etc.) que le permitirán entregar los pedidos de los clientes en menos tiempo y a la vez con una mayor calidad. Otra parte del crédito la piensa invertir en el acondicionamiento de su taller, piensa agrandarlo un poco y contratar los servicios de otro ayudante, lo cual es muy importante ya que generaría una fuente de empleo en un país donde el índice de desempleo es muy alto.

About Nicaragua

  • $3,636
    Average annual income
  • 115
    View loans »
    Nicaragua Loans Fundraising
  • $23,731,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped German the loan will be used to buy tools (hammer, electric saws, etc.) that will permit Mr. Lopez to complete clients' orders faster and at a higher quality at his workshop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 15, 2007
Listed
Mar 31, 2007
Currency Exchange Loss:
N/A
Ended:
Apr 1, 2008