María Vazquez Cortes


Status: Paying Back

$775.00   Loan Amount
16% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that location be undisclosed)
Name: María Vazquez Cortes
Location: Location Undisclosed, Mexico
Activity: Sewing

About the Loan

Loan Amount: $775.00
Loan Use: Purchase materials for school uniforms
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 15, 2009
Date Disbursed: Aug 11, 2009
Date Funded:Aug 15, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:12.9032 MXN = 1 USD



Sra. María Vazquez has over 10 years of experience as a seamstress. She has a family business, since it provides work for her husband and one of her daughters so that they can earn money to get ahead.


Doña María already has 3 previous loans with FVP that were repaid on time. At the moment, she is requesting a loan to buy materials (fabric, thread, buttons, etc.) for making school uniforms since she does not have necessary funds. With each request there is a provision to complete the loan commitment, so she plans to make her payments using the earnings generated from her business.


Translated from Spanish by Ronan Reodica, Kiva Volunteer


La señora María Vazquez tiene ya más de diez años dedicándose a oficio de costurera.
Este negocio es familiar en el trabaja su esposo y una de sus hijas es el ingreso que tiene para poder salir adelante.
Doña María ya ha tenido tres créditos con FVP los cuales pago pagado puntual mente, en esté momento esta solicitando un préstamo para poder comprar materia prima (Telas, Hilos, Botones, etcétera) ya que le están solicitando de varias escuela que elabore los uniformes, pero no cuenta con el dinero necesario para poder comprar el material. Es por eso que solicita un crédito para poder cumplir con el compromiso que tiene, y planea pagarlo con los ingresos que genera su negocio.

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Journal entries for María Vazquez Cortes


Loan has been disbursed
 
Entrepreneur: María Vazquez Cortes
Location: Location Undisclosed, Mexico

Thank you for your loan. It has been disbursed to María Vazquez Cortes by Fundación para la Vivienda Progresiva (FVP), a partner of CHF International in Mexico. We are excited to watch this business grow. Over the 11 months of this loan, 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 Location Undisclosed, Mexico
Aug 16, 2009
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Kiva Help Repayment Schedule for María Vazquez Cortes

  Expected Repayments Actual Repayments Comments
October 2009 $0.00 $64.87  
November 2009 $64.58 $0.00 Repayment Received
December 2009 $64.59 $64.58 Repayment Received
January 2010 $64.58 Available Jan 1  
February 2010 $64.58 Available Feb 1  
March 2010 $64.59 Available Mar 1  
April 2010 $64.58 Available Apr 1  
May 2010 $64.58 Available May 1  
June 2010 $64.58 Available Jun 1  
July 2010 $64.59 Available Jul 1  
August 2010 $64.58 Available Aug 1  
September 2010 $64.58 Available Sep 1  
October 2010 $64.59 Available Oct 1