Estefana Reynaga Guerrero


Status: Paid Back

$550.00   Loan Request
$550.00   Paid Back

About the Entrepreneur

Name: Estefana Reynaga Guerrero
Location: Tampico, Tamaulipas, Mexico
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $550.00
Loan Use: Purchase merchandise to supply her business.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 20, 2008
Date Disbursed: Feb 3, 2008
Date Funded:Jan 20, 2008
Loan Ended:Jun 30, 2008

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.9386 MXN = 1 USD



In 2003, Estefana began to sell fruit and vegetables to help her husband with their living expenses. Estefana and her husband have two children who do not live with them and who work themselves. Nevertheless, the two of them alone need to earn for their own maintenance. Martín (Estefana’s husband) works as a seller of fruit and vegetables in the traveling markets. Meanwhile, Estefana sells in a small local market. They pay their living expenses with the earnings from these businesses.


Nevertheless, Estefana’s wish is to save money for her retirement. As a result, she is working hard to save. Still, she currently does not have enough merchandise to offer to her customers. So, she is soliciting a credit of US $550, which she will repay in 5 months. With this money, Estefana will be able to buy fruit and vegetables and have more customers. As a result, she will be able to save for the time when she and her husband can no longer work. With your help, you can provide Estefana and Martín a better future.


Translated from Spanish by Kate Divjak, Kiva volunteer.



En el 2003 Estefana comenzó a vender frutas y verduras, para ayudarle a su esposo con los gastos de su casa. Estefanía y su esposo tienen dos hijos los cuales no viven en su casa y cada uno trabaja por su cuenta. Sin embargo al estar los dos solos en su casa, necesitan algo con qué mantenerse. El señor Martín (esposo de Estefanía) trabaja como vendedor de verduras y frutas en los mercados ambulantes. Mientras que Estefanía vende en un módico local. Con estos negocios es con lo que pueden pagar los gastos de su casa.



Sin embargo Estefanía, desea ahorrar dinero para su retiro. Es por eso que está trabajando muy duro para poder ahorrar. Sin embargo actualmente no cuenta con suficiente mercancía para poder ofrecerle a sus clientes. Es por eso que está solicitando un crédito de US $550 que está dispuesta a pagarlos en un plazo de 5 meses y con este dinero Estefanía podrá comprarfrutas y verduras y tener más clientes y así podrá ahorrar para cuando ya no puedan trabajar ella y su esposo. Con tu ayuda podrás brindarle un futuro mejor a Estefanía y Martín.


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Journal entries for Estefana Reynaga Guerrero


Loan has been disbursed
 
Entrepreneur: Estefana Reynaga Guerrero
Location: Tampico, Tamaulipas, Mexico

Thank you for your loan. It has been disbursed to Estefana Reynaga Guerrero by Admic Nacional in Mexico. We are excited to watch this business grow. Over the next 5 months, Admic Nacional will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Leticia Ramirez from Tampico, Tamaulipas, Mexico
Jan 30, 2008
Comments (1)

Kiva Help Repayment Schedule for Estefana Reynaga Guerrero

  Expected Repayments Actual Repayments Comments
April 2008 $0.00 $110.00  
May 2008 $110.00 $110.00 Repayment Received
June 2008 $110.00 $110.00 Repayment Received
July 2008 $110.00 $110.00 Repayment Received
August 2008 $110.00 $110.00 Repayment Received
September 2008 $110.00 $0.00 Repayment Received