María Del Socorro Teniente Saldaña


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: María Del Socorro Teniente Saldaña
Location: Santo Domingo, Nuevo Leon, Mexico
Activity: Cosmetics Sales

About the Loan

Loan Amount: $700.00
Loan Use: TO PURCHASE MORE PRODUCTS TO SELL, BETTER MEET THE REQUESTS OF HER CUSTOMERS, AND CONTINUE TO IMPROVE THE QUALITY OF LIFE FOR HER FAMILY
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 31, 2007
Date Disbursed: Jan 14, 2008
Date Funded:Dec 31, 2007
Loan Ended:Jun 30, 2008

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.8835 MXN = 1 USD



When her son was three months old, Maria del Socorro began to realize that what her husband was earning each week was not enough to cover the costs of having a child. So she began to do raffles between her friends and neighbors. She met a woman who offered her the opportunity to sell products via catalog, and she began slowly by selling to the people who had been buying the raffle tickets. Today she has many more clients, including many mothers of her son's friends.



Even though she has many requests pending for products, Maria does not have enough capital to buy everything her customers are asking for. She is requesting a loan, to be repaid in 6 months, in order to buy more products, better meet her customer's demands and improve her family's quality of life. With your help Maria will be able to achieve her dream of economic stability.




Cuando su hijo tenía tres meses María del Socorro comenzó a ver que con lo que ganaba su esposo a la semana no le alcanzaba para poder pagar los gastos del niño. Y fue por eso que comenzó a hacer rifas de despensa a sus vecinos y amistades. Poco después conoció a una señora que le ofreció la venta de productos por catálogo y fue así como comenzó poco a poco a venderle a esas personas que le compraban los boletos para la rifa. Y actualmente tiene más clientela puesto que le vende a las mamás de los compañeritos de su hijo.



Sin embargo actualmente tiene varios pedidos pendientes puesto que no cuenta con el capital suficiente para poder comprar todo lo que le están solicitando. Puesto que María revende los productos en plazos pequeños. María está solicitando un crédito de US $700 que está dispuesta a pagarlos en un plazo de 6 meses y con este dinero María podrá comprar los productos que le pidieron y así logrará sacar adelante a su familia. Con tu ayuda María podrá lograr que su sueño de estabilidad económica se haga realidad.

Translated by Kiva volunteer, Emily Charnes


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Lenders to this entrepreneur

Michiel
Amsterdam,
Netherlands

Anonymous

Eirik
Bergen, Horderland
Norway

Afshin&Linn
Oslo,
Norway

Lori
Columbus, OH
United States

Anonymous

Mark
Boston, MA
United States

evan
pasadena, CA
United States

frederick
lansing, MI
United States

Kevin
Farmington, MN
United States

Steve
Cambridge, MA
United States

Edwin and Jo
Cross Plains, WI
United States

Hermann
Mülheim,

Joan
Colleyville, TX
United States



Journal entries for María Del Socorro Teniente Saldaña


Loan has been disbursed
 
Entrepreneur: María Del Socorro Teniente Saldaña
Location: Santo Domingo, Nuevo Leon, Mexico

Thank you for your loan. It has been disbursed to María Del Socorro Teniente Saldaña 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 Santo Domingo, Nuevo Leon, Mexico
Dec 31, 2007
Comments (1)

Kiva Help Repayment Schedule for María Del Socorro Teniente Saldaña

  Expected Repayments Actual Repayments Comments
March 2008 $0.00 $117.00  
April 2008 $116.67 $117.00 Repayment Received
May 2008 $116.67 $117.00 Repayment Received
June 2008 $116.67 $117.00 Repayment Received
July 2008 $116.67 $117.00 Repayment Received
August 2008 $116.67 $115.00 Repayment Received
September 2008 $116.65 $0.00 Repayment Received