Cleotilde Lugo Valdez


Status: Paid Back

$475.00   Loan Request
$475.00   Paid Back

About the Entrepreneur

Name: Cleotilde Lugo Valdez
Location: San Nicolás De Los Garza, Nuevo León, Mexico
Activity: Crafts

About the Loan

Loan Amount: $475.00
Loan Use: Purchase supplies
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 18, 2007
Date Disbursed: Nov 1, 2007
Date Funded:Oct 18, 2007
Loan Ended:Apr 18, 2008

About the Country

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



Cleotilde is a very hard-working married mother of two children, ages 15 and 22. Due to the lack of steady work for her husband, she repaired household appliances to help when times were tough. She started selling jewelry five years ago with the help of her husband, who supplied the first orders. Now her sales have increased a lot and she wants to keep growing the business and see her children finish their studies so they can have a better future.


Currently, Cleotilde is requesting a loan of $475, which she will use to purchase supplies so she can cover the demand for her products. She plans to repay the loan within six months. Play a fundamental role in the development of her business and help Cleotilde and her family. They are very grateful for your support.

Translated from Spanish by Marty Greenstein, Kiva Volunteer



Cleotilde es una mujer muy trabajadora, está casada y tiene dos hijos, de 15 y 22 años de edad, ante la falta de empleo su esposo se dedica a la reparación de electrodomésticos por su cuenta y en ocasiones la escasez de trabajo le impide recibir un ingreso, para apoyar a su esposo Cleotilde comenzó a vender joyería hace cinco años con ayuda de su esposo para surtir los primeros pedidos, ahora sus ventas han mejorado mucho y ella desea continuar creciendo con su negocio, pues desea que sus hijos culminen sus estudios para que puedan tener un mejor futuro.


En estos momentos Cleotilde necesita un préstamo de $ 475 dólares que utilizará en la compra de mercancía y se compromete a devolver en 6 meses, con esto ella espera poder cubrir la demanda por sus productos. Se parte fundamental en el desarrollo de este negocio, decídete a ayudar a esta familia, ellos te lo agradecen mucho.


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Journal entries for Cleotilde Lugo Valdez


Loan has been disbursed
 
Entrepreneur: Cleotilde Lugo Valdez
Location: San Nicolás De Los Garza, Nuevo León, Mexico

Thank you for your loan. It has been disbursed to Cleotilde Lugo Valdez 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 Leticia Ramirez from San Nicolás De Los Garza, Nuevo León, Mexico
Oct 18, 2007
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Kiva Help Repayment Schedule for Cleotilde Lugo Valdez

  Expected Repayments Actual Repayments Comments
January 2008 $0.00 $80.00  
February 2008 $79.17 $80.00 Repayment Received
March 2008 $79.17 $80.00 Repayment Received
April 2008 $79.17 $80.00 Repayment Received
May 2008 $79.17 $80.00 Repayment Received
June 2008 $79.17 $75.00 Repayment Received
July 2008 $79.15 $0.00 Repayment Received