Olga De Jesus Velasquez Castro


Status: Paying Back

$1,125.00   Loan Amount
25% repaid

About the Entrepreneur

Name: Olga De Jesus Velasquez Castro
Location: Villa Nueva, Guatemala
Activity: Clothing Sales

About the Loan

Loan Amount: $1,125.00
Loan Use: Purchase fabric and a sewing machine
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 16, 2009
Date Disbursed: Jul 10, 2009
Date Funded:Jul 16, 2009

About the Country

Country:Guatemala
Avg Annual Income:$4,155.00
Currency:Guatemala Quetzales (GTQ)
Exchange Rate:8.1600 GTQ = 1 USD



Olga is an entrepreunerial women requesting her first loan to purchase raw material. She is dedicated to creating nurse uniforms and also school uniforms. She wants and dreams of seeing her children become professionals and having a pretty two story house. It is for this that she has purchased another sewing machine to help her produce more and have greater earnings in her business, the loan is needed to buy raw materials because she works based on orders. In her business she always has the support of her husband and children and it makes them happy because she has done well because she has enough orders and her clients know the quality of her work that she does. With the help of God everything will go well and she will realize her dreams.

Translated from Spanish by Helen Smith, Kiva Volunteer


Olga es una mujer emprendedora solicito un primer préstamo para la compra de materia prima, ella se dedica a la confección de uniforme de enfermería y también uniformes de escuelas, ella desea y sueña en ver a sus hijos profesionales y una casa bonita de dos niveles, es por ello que ha logrado comprar otra maquina de coser esto le ayudara a producir mas y tener ganancias en su negocio, el préstamo lo necesita para la compra de materia prima porque trabaja a base de pedidos siempre en su negocio la apoya su esposo y sus hijos se sienten muy felices porque le ha ido muy bien porque tiene bastante pedidos, y sus clientes saben de la calidad de trabajo que realiza asegura que con la ayuda de Dios todo le saldrá bien y lograra realizar sus sueños.

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Journal entries for Olga De Jesus Velasquez Castro


Loan has been disbursed
 
Entrepreneur: Olga De Jesus Velasquez Castro
Location: Villa Nueva, Guatemala

Thank you for your loan. It has been disbursed to Olga de Jesus Velasquez Castro by FAPE in Guatemala. We are excited to watch this business grow. Over the 11 months of this loan, FAPE will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Villa Nueva, Guatemala
Jul 17, 2009
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Kiva Help Repayment Schedule for Olga De Jesus Velasquez Castro

  Expected Repayments Actual Repayments Comments
October 2009 $93.75 $0.00 Repayment Received
November 2009 $93.75 $187.50 Repayment Received
December 2009 $93.75 $93.75 Repayment Received
January 2010 $93.75 Available Jan 1  
February 2010 $93.75 Available Feb 1  
March 2010 $93.75 Available Mar 1  
April 2010 $93.75 Available Apr 1  
May 2010 $93.75 Available May 1  
June 2010 $93.75 Available Jun 1  
July 2010 $93.75 Available Jul 1  
August 2010 $93.75 Available Aug 1  
September 2010 $93.75 Available Sep 1