Matilde Bermudes Fragoso


Status: Paid Back

$925.00   Loan Request
$925.00   Paid Back

About the Entrepreneur

Name: Matilde Bermudes Fragoso
Location: Pedro Escobedo, Querétaro, Mexico
Activity: Bricks

About the Loan

Loan Amount: $925.00
Loan Use: To purchase raw material
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Nov 4, 2006
Date Disbursed: Nov 19, 2006
Date Funded:Nov 5, 2006
Loan Ended:May 7, 2007

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:United States Dollars (USD)



Matilde’s husband worked as a truck driver but in 2000 he was fired. Because of this, economic problems appeared for Matilde's family.

Matilde's husband did not get a job and Matilde knew how to build bricks so she told him that it was necessary to build a furnace in her house to make the bricks. They invested part of the money they had and started their microbusiness. Matilde has three sons and now everyone in her house knows how to build bricks because they all work together in the business.

Matilde is requesting a loan of US$ 925 to invest in raw material. She comments that if she invests right now she could be prepared for December and January because these months increase her demand according to her past experience.

**This text has been translated from the original business description.**

El esposo de Matilde se desempeñaba como Trailero, pero en el año 2000 lo desemplearon y con ello se vinieron los problemas económicos. No lograba volver a contratarse con ninguna empresa. Matilde conocía el oficio de fabricación de ladrillos, por lo que lo convenció para construir un horno en el patio de su casa y ponerse a fabricar ladrillos. Fue así como invirtiendo parte de la liquidación iniciaron su microempresa. Tiene 3 hijos y ahora todos conocen el oficio de la fabricación de tabiques, pues todos trabajan en el negocio. Matide esta solicitando apoyo para poder invertir en materias primas, necesita un crédito por la cantidad de US$925 el cual piensa pagar en 6 meses. Esta inversión le permitirá solventar la inversión inicial, pues existe todo un proceso de fabricación y hacia diciembre y enero, la demanda aumenta, por lo que necesitan estar preparados con suficiente mercancía. Comenta que la experiencia de años anteriores le ha enseñado a sacar ventaja de la oportunidad que se le presenta.


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Journal entries for Matilde Bermudes Fragoso


Loan has been disbursed
 
Entrepreneur: Matilde Bermudes Fragoso
Location: Pedro Escobedo, Querétaro, Mexico

Thank you for your loan. It has been disbursed to Matilde Bermudes Fragoso by Admic Nacional in Mexico. We are excited to watch this business grow. Over the next 6 - 12 months, Admic Nacional will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Mayela Narro from Pedro Escobedo, Querétaro, Mexico
Nov 7, 2006
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Kiva Help Repayment Schedule for Matilde Bermudes Fragoso

  Expected Repayments Actual Repayments Comments
February 2007 $154.17 $155.00 Repayment Received
March 2007 $154.17 $0.00 Repayment Received
April 2007 $154.17 $310.00 Repayment Received
May 2007 $154.17 $155.00 Repayment Received
June 2007 $154.17 $0.00 Repayment Received
July 2007 $154.15 $305.00 Repayment Received