María Antonia De La Riva Flores


Status: Paid Back

$575.00   Loan Request
$575.00   Paid Back

About the Entrepreneur

Name: María Antonia De La Riva Flores
Location: Monterrey, Nuevo León, Mexico
Activity: Cosmetics Sales

About the Loan

Loan Amount: $575.00
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



Since María and her husband have six children (ages 13, 11, 9, 5, 3 and 1 respectively), María decided to begin her own business. After thinking about how to make money without neglecting her children, she came to the conclusion that selling catalog cosmetics was the best option. Gradually, she found the time to go out and offer her products and now she is known in her community.


Nevertheless, María believes that it is time to establish a business within her home so that she doesn’t have to leave so much. As a result, she is requesting a loan of US $575 which she will repay in 6 months. With this money, María will be able to purchase material so that she can establish a stationery store. With your help, María can make her dream a reality.

Translated from Spanish by Kate Divjak, Kiva volunteer.



Puesto que María y su esposo tienen 6 hijos de; 13, 11, 9, 5, 3 y 1 respectivamente, fue como María decidió comenzar su propio negocio. Después de pensar la manera de obtener dinero sin perderle atención a sus hijos llegó a la conclusión de que la venta de cosméticos por catálogo era la mejor opción. Poco a poco se daba un tiempo para poder ir a ofrecer sus productos y actualmente ya es conocida en su comunidad.



Sin embargo María considera que ya es momento de establecer un negocio dentro de su casa, para no tener que moverse tanto. Es por eso que está solicitando un crédito de US $575 que está dispuesta a pagarlos en un plazo de 6 meses y con este dinero María podrá comprar material para poner su papelería. Con tu ayuda lograrás que María pueda hacer su sueño realidad.


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Journal entries for María Antonia De La Riva Flores


Loan has been disbursed
 
Entrepreneur: María Antonia De La Riva Flores
Location: Monterrey, Nuevo León, Mexico

Thank you for your loan. It has been disbursed to María Antonia De La Riva Flores 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
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Kiva Help Repayment Schedule for María Antonia De La Riva Flores

  Expected Repayments Actual Repayments Comments
May 2008 $95.83 $96.00 Repayment Received
June 2008 $95.83 $96.00 Repayment Received
July 2008 $95.83 $96.00 Repayment Received
August 2008 $95.83 $96.00 Repayment Received
September 2008 $95.83 $96.00 Repayment Received
October 2008 $95.85 $95.00 Repayment Received