Pedro Morales Díaz


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

Name: Pedro Morales Díaz
Location: Nuevo Laredo, Mexico
Activity: Services

About the Loan

Loan Amount: $1,200.00
Loan Use: Purchase loudspeakers
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 21, 2008
Date Disbursed: Aug 22, 2008
Date Funded:Aug 8, 2008
Loan Ended:Sep 15, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.1904 MXN = 1 USD



Mr. Morales advertises by means of a vehicle with loudspeakers, promoting sales and events. He is very grateful for the support he previously received with this first loan from Kiva. With that loan, he was able to give the down payment on his vehicle so that he could use it to promote his products and those of other businesses in the city of Nuevo Laredo. He has already repaid his loan and is requesting another one so that he can purchase a higher capacity sound system, thus increasing both his clientele and his income. His children also work in this business. They are all independent, but the family collaborates in sharing the equipment for the business.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer.



El Sr. Morales se dedica a la publicidad de otros negocios perifoneando en la ciudad sobre promociones y eventos. El Sr. Pedro está muy agradecido por el apoyo que recibió del primer préstamo de Kiva. Con el préstamo el pudo dar el enganche de su vehiculo para trabajar promocionando sus productos y los de otros negocios en la ciudad de Nuevo Laredo. El ya pagó este préstamo y está solicitando otro para comprar un sonido de mayor capacidad para su negocio y así tener a más clientes y más ingresos. Sus hijos también se dedican a este negocio del perifoneos. Cado uno es independiente pero la familia colabora en compartir equipos para el negocio.


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Journal entries for Pedro Morales Díaz


Loan has been disbursed
 
Entrepreneur: Pedro Morales Díaz
Location: Nuevo Laredo, Mexico

Thank you for your loan. It has been disbursed to Pedro Morales Díaz by Fundación para la Vivienda Progresiva (FVP), a partner of CHF International in Mexico. We are excited to watch this business grow. Over the next 12 months, 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 Nuevo Laredo, Mexico
Aug 22, 2008
Comments (1)

Kiva Help Repayment Schedule for Pedro Morales Díaz

  Expected Repayments Actual Repayments Comments
November 2008 $100.00 $100.00 Repayment Received
December 2008 $100.00 $100.00 Repayment Received
January 2009 $100.00 $100.00 Repayment Received
February 2009 $100.00 $100.00 Repayment Received
March 2009 $100.00 $100.00 Repayment Received
April 2009 $100.00 $100.00 Repayment Received
May 2009 $100.00 $100.00 Repayment Received
June 2009 $100.00 $100.00 Repayment Received
July 2009 $100.00 $100.00 Repayment Received
August 2009 $100.00 $100.00 Repayment Received
September 2009 $100.00 $100.00 Repayment Received
October 2009 $100.00 $100.00 Repayment Received