María Guadalupe Covarrubias Martínez


Status: Paid Back

$925.00   Loan Request
$925.00   Paid Back

About the Entrepreneur

Name: María Guadalupe Covarrubias Martínez
Location: Victoria, Tamaulipas, Mexico
Activity: General Store

About the Loan

Loan Amount: $925.00
Loan Use: Purchasing merchandise
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 29, 2007
Date Disbursed: Dec 14, 2007
Date Funded:Nov 30, 2007
Loan Ended:Jun 1, 2008

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.9240 MXN = 1 USD



María Guadalupe is the mother of 13 children for whom she has had to fight to maintain healthy and motivated to succeed. Some time ago they lived in a smaller home and due to the size of the family they needed to move out of their neighborhood. After moving, Maria observed that there wasn't a grocery store nearby and decided to begin her business. She began with a small amount of items that she purchased in the supermarket and little by little went increasing her offerings. Thanks to the strength Maria has to take care of her 13 children and manage her store she has found a way to progress. At this time, her husband does not work and is able to help Maria with her store. Maria constantly fights to ensure her business continues.



Nonetheless she currently has little merchandise and is therefore requesting a loan of US$925 to be paid within 6 months. With this money, she will purchase merchandise in order to increase the variety of offerings to her customers in the neighborhood. With your help, Maria and her large family will be able to move ahead and celebrate a Christmas with her family.



Translated from Spanish by Gabriel Santamaria, Kiva Volunteer.



María Guadalupe es madre de 13 hijos a quienes a tenido que luchar por mantenerlos sanos y con ganas de salir adelante. Hace tiempo que vivían en una casa un poco más pequeña y debido al gran número de integrantes en la casa tuvieron que cambiarse de colonia. Al cambiarse de colonia María observó que no había una tienda cercana de abarrotes, y fue por eso que se le ocurrió poner su negocio. Comenzó con un poco de mercancía que compraba en el supermercado y poco a poco fue incrementando los productos. Gracias a la fuerza que tiene María de cuidar 13 hijos y atender su negocio es que han sabido salir adelante. Actualmente el esposo ya no trabaja y le ayuda a María en el negocio es por eso que María lucha constantemente porque el negocio se siga manteniendo.



Sin embargo actualmente tiene muy poca mercancía es por eso que está solicitando un crédito de US $925 para pagarlos en un plazo de 6 meses y con este dinero poder comprar mercancía para poder tener más variedad qué ofrecer a sus clientes de la colonia. Con tu ayuda María y su gran familia podrá salir adelante y pasar navidad con todos los miembros de su familia.


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Journal entries for María Guadalupe Covarrubias Martínez


Loan has been disbursed
 
Entrepreneur: María Guadalupe Covarrubias Martínez
Location: Victoria, Tamaulipas, Mexico

Thank you for your loan. It has been disbursed to María Guadalupe Covarrubias Martínez by Admic Nacional in Mexico. We are excited to watch this business grow. Over the next 6 months, Admic Nacional will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Leticia Ramirez from Victoria, Tamaulipas, Mexico
Dec 1, 2007
Comments (3)

Kiva Help Repayment Schedule for María Guadalupe Covarrubias Martínez

  Expected Repayments Actual Repayments Comments
February 2008 $0.00 $155.00  
March 2008 $154.17 $0.00 Repayment Received
April 2008 $154.17 $155.00 Repayment Received
May 2008 $154.17 $155.00 Repayment Received
June 2008 $154.17 $155.00 Repayment Received
July 2008 $154.17 $155.00 Repayment Received
August 2008 $154.15 $150.00 Repayment Received