Consuelo González Ortega


Status: Paid Back

$925.00   Loan Request
$925.00   Paid Back

About the Entrepreneur

Name: Consuelo González Ortega
Location: Monterrey, Nuevo León, Mexico
Activity: Shoe Sales

About the Loan

Loan Amount: $925.00
Loan Use: Purchase merchandise
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 3, 2008
Date Disbursed: Feb 19, 2008
Date Funded:Feb 5, 2008
Loan Ended:Aug 18, 2008

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.8695 MXN = 1 USD



Consuelo was retired, but she decided to start a business because she did not like being idle at home. Her husband´s income as a mechanic is also insufficient to pay for their home expenses. So she began making handicrafts, jewellry, and selling catalog goods. Slowly but surely she built up her client base.



Consuelo has to purchase more merchandise. On the photograph we see her with a picture in her hand and a small bracelet as this is the only way to display what she sells until she gets more stock. Consuelo needs a US $925 microloan to repay in 6 months. With this money she will purchase more merchandise to increase her sales. With your help Consuelo will be able to make her business flourish.



Translated from Spanish by Henry Corral, Kiva volunteer.<


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Journal entries for Consuelo González Ortega


Loan has been disbursed
 
Entrepreneur: Consuelo González Ortega
Location: Monterrey, Nuevo León, Mexico

Thank you for your loan. It has been disbursed to Consuelo González Ortega 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 Victor Paredes from Monterrey, Nuevo León, Mexico
Feb 18, 2008
Comments (1)

Kiva Help Repayment Schedule for Consuelo González Ortega

  Expected Repayments Actual Repayments Comments
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 $154.17 $155.00 Repayment Received
September 2008 $154.17 $155.00 Repayment Received
October 2008 $154.15 $150.00 Repayment Received