Mateo Miguel Turnil Tumax


Status: Paying Back

$750.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Mateo Miguel Turnil Tumax
Location: Totonicapan, Guatemala
Activity: Textiles

About the Loan

Loan Amount: $750.00
Loan Use: Purchase raw materials
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 27, 2009
Date Disbursed: Aug 21, 2009
Date Funded:Aug 28, 2009

About the Country

Country:Guatemala
Avg Annual Income:$4,155.00
Currency:Guatemala Quetzales (GTQ)
Exchange Rate:8.2350 GTQ = 1 USD



Don Mateo Miguel Turnil Tumax is 30 years old, married, and has three children. He is dedicated to the art of making traditional fabrics from his small workshop in the village of Chuipachaj de la Aldea Chipuac, which is in the town and district of Totonicapán. He does not generate enough revenue to hire any workers. However, his current demand is growing, so he visited the offices of Asociación ASDIR in order to secure a small loan to purchase raw materials. The increase in capital will result in more employment and more products from his small workshop, as well as generate additional income to give his family a better life.

Translated from Spanish by Ronan Reodica, Kiva Volunteer


Don Mateo Miguel Turnil Tumax, cuanta con 30 años de edad es casado actualmente vive con sus tres hijos y con su esposa se dedica a la artesanía en la elaboración de cortes típicos, y se cuenta en el lugar conosido como caserío Chuipachaj de la Aldea Chipuac del municipio y departamento de Totonicapán cuenta con un pequeño taller elaborando esta producción no cuenta con operarios por la situación de sus ingresos que no son suficientes y la demanda actual a la que presenta a crecido por tal motivo se acerco a las oficinas de la Asociacion ASDIR para adquirir un pequeño préstamo así poder comprar materia prima, para la ampliación de capital generando empleo y mas productos de su pequeño taller ayudando a generar mejor sus ingresos a si darles una mejor vida a su familia.


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Journal entries for Mateo Miguel Turnil Tumax


Loan has been disbursed
 
Entrepreneur: Mateo Miguel Turnil Tumax
Location: Totonicapan, Guatemala

Thank you for your loan. It has been disbursed to Mateo Miguel Turnil Tumax by Asociación ASDIR in Guatemala. We are excited to watch this business grow. Over the 11 months of this loan, Asociación ASDIR will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Totonicapan, Guatemala
Aug 29, 2009
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Kiva Help Repayment Schedule for Mateo Miguel Turnil Tumax

  Expected Repayments Actual Repayments Comments
November 2009 $62.50 $62.50 Repayment Received
December 2009 $62.50 $62.50 Repayment Received
January 2010 $62.50 Available Jan 1  
February 2010 $62.50 Available Feb 1  
March 2010 $62.50 Available Mar 1  
April 2010 $62.50 Available Apr 1  
May 2010 $62.50 Available May 1  
June 2010 $62.50 Available Jun 1  
July 2010 $62.50 Available Jul 1  
August 2010 $62.50 Available Aug 1  
September 2010 $62.50 Available Sep 1  
October 2010 $62.50 Available Oct 1