Josefina Salazar Turrubiates


Status: Refunded

$325.00   Loan Request

About the Entrepreneur

Name: Josefina Salazar Turrubiates
Location: Tampico, Tamaulipas, Mexico
Activity: Health

About the Loan

Loan Amount: $325.00
Loan Use: Purchase goods
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 1, 2009
Date Disbursed: Apr 22, 2009
Date Funded:Jun 2, 2009
Refund Date:Jun 16, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:13.1678 MXN = 1 USD



Josefina is married and has four children: María Enriqueta, Juan Jesús, Maribel y Juan Carlos. Due to a relative's health problems, they had to find a new source of family income. In order to be able to support her family, Josefina has been selling nutritional products for consumer health since 2001. She began will small advertisements to gain publicity, in addition to her husband's testimony that he felt much better after using Omni Life products. An entrepreneurial woman, she is now in charge of other people, who she trains to sell and distribute these products. She needs this loan to buy more products and thus be able to offer a greater variety.



Translated from Spanish by Trisha Bury, Kiva Volunteer



La señora Josefina es Casada y tiene 4 hijos, María Enriqueta, Juan Jesús, Maribel y Juan Carlos.

Debibido a un problema de salud de un familiar, tuvieron que buscar por otro lado un ingreso familiar, para poder apoyarlo, desde año 2001 se ha dedicado ha la venta de estos productos que nutricionales, para la salud del consumidor, empezo con pequeños anuncios para darse publicidad y aparte del testimonio de su esposo que le se ha sentido muchos mejor, despues de estar consumiendo, los productos de Omni life.

Una mujer emprendedora, que ahora ya tiene a su cargo gente , a la cual prepara para que vendan y distribuyan estos productos.

Ella necesita el apoyo para comprar mas productos y poder asi ofrecer mayor variedad.



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Journal entries for Josefina Salazar Turrubiates


Loan has been disbursed
 
Entrepreneur: Josefina Salazar Turrubiates
Location: Tampico, Tamaulipas, Mexico

Thank you for your loan. It has been disbursed to Josefina Salazar Turrubiates by Admic Nacional in Mexico. We are excited to watch this business grow. Over the 4 months of this loan, Admic Nacional will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tampico, Tamaulipas, Mexico
Jun 3, 2009
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Loan Refunded
 
Entrepreneur: Josefina Salazar Turrubiates
Location: Tampico, Tamaulipas, Mexico

This loan has been refunded for the following reason:

Your loan has been refunded, because Kiva recently paused its partnership with our Field Partner who manages this loan on the ground.

During routine partner monitoring at our Field Partner, Admic, Kiva became aware of difficulties Admic is having, mostly as a result of the current economic downturn. Admic is suffering from this recession due to higher client delinquencies, a strong devaluation of the Mexican peso, among other factors. Admic’s current situation is making it difficult for the institution to pay back its loans to Kiva on-time. We are working with Admic to obtain additional information on their situation so that we may develop a payment plan for Kiva lenders to be repaid. Kiva has paused Admic on the website, meaning they can no longer raise funds on Kiva, and we have reduced their star rating to 1 star. In the coming weeks, Kiva will continue to work closely with Admic and provide additional updates as appropriate on Admic's Field Partner Page.


Posted by Giovanna Masci, Kiva Staff, from San Francisco, United States
Jun 16, 2009
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Kiva Help Repayment Schedule for Josefina Salazar Turrubiates

  Expected Repayments Actual Repayments Comments
August 2009 $130.00 $0.00  
September 2009 $97.50 $0.00  
October 2009 $65.00 $0.00  
November 2009 $32.50 $0.00