Ubaldo Miguel Ajpacaja Vásquez


Status: Paying Back

$525.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Ubaldo Miguel Ajpacaja Vásquez
Location: Totonicapan, Guatemala
Activity: Weaving

About the Loan

Loan Amount: $525.00
Loan Use: Purchase materials for making traditional skirts
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 3, 2009
Date Disbursed: Oct 20, 2009
Date Funded:Nov 4, 2009

About the Country

Country:Guatemala
Avg Annual Income:$4,155.00
Currency:Guatemala Quetzales (GTQ)
Exchange Rate:8.2850 GTQ = 1 USD



Don Ubaldo Ajpacaja is 26 years old and single. He and his family make traditional skirts. He has been weaving for 6 years out of a workshop in his home, located in the village of Chotacaj de la Aldea Vásquez in the department of Totonicapán, Guatemala. The current demand from his customers has grown, but the economic conditions are not suitable for Don Ubaldo to raise more capital. For this reason, he has approached Asociación ASDIR for a loan. He will purchase raw materials so that he can increase his sales. He also hopes to move his family forward and improve their living conditions.


Translated from Spanish by Ronan Reodica, Kiva Volunteer


Don Ubaldo Ajpacaja tiene 26 años de edad, es soltero de oficio Artesano, “Elaboración de cortes típicos”, habita junto con su familia, ella y su familia se dedican al mismo oficio cuentan con un Taller, llevan 6 años en Tejer su residencia que se encuentra en el Caserío Chotacaj de la Aldea Vásquez, del departamento de Totonicapán, Guatemala, actualmente la demanda de su clientela a crecido, pero las condiciones económicas en que se encuentra no son suficientes para que el pueda aumentar su capital, por tal razón acudió a la Asociación ASDIR, a solicitar un préstamo, con la intención de comprar materia prima y de esa manera poder aumentar sus ventas, esperando también poder sacar adelante a su familia, y que tengan mejores condiciones de vida.


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Journal entries for Ubaldo Miguel Ajpacaja Vásquez


Loan has been disbursed
 
Entrepreneur: Ubaldo Miguel Ajpacaja Vásquez
Location: Totonicapan, Guatemala

Thank you for your loan. It has been disbursed to Ubaldo Miguel Ajpacaja Vásquez 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
Nov 5, 2009
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Kiva Help Repayment Schedule for Ubaldo Miguel Ajpacaja Vásquez

  Expected Repayments Actual Repayments Comments
January 2010 $43.75 Available Jan 1  
February 2010 $43.75 Available Feb 1  
March 2010 $43.75 Available Mar 1  
April 2010 $43.75 Available Apr 1  
May 2010 $43.75 Available May 1  
June 2010 $43.75 Available Jun 1  
July 2010 $43.75 Available Jul 1  
August 2010 $43.75 Available Aug 1  
September 2010 $43.75 Available Sep 1  
October 2010 $43.75 Available Oct 1  
November 2010 $43.75 Available Nov 1  
December 2010 $43.75 Available Dec 1