Araceli Banda Tovias


Status: Paid Back

$375.00   Loan Request
$375.00   Paid Back

About the Entrepreneur

Name: Araceli Banda Tovias
Location: Santa Catarina, Nuevo Leon, Mexico
Activity: Cosmetics Sales

About the Loan

Loan Amount: $375.00
Loan Use: Purchase of merchandise.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 27, 2008
Date Disbursed: Mar 13, 2008
Date Funded:Feb 28, 2008
Loan Ended:Sep 21, 2008

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.7819 MXN = 1 USD



Araceli is a hardworking woman who likes to fight for her family. A year ago she started selling cosmetics by catalog, in order to help her husband with the household expenses. Little by little her clientele has grown as have her sales, which has allowed her to help support the family. Her husband is a construction worker and his income is not sufficient to cover the needs of their child.

Presently Araceli has several pending orders. As she doesn’t have the money to buy the products to meet those orders, she is requesting a loan of $375, which she will repay in six months. With your help, Araceli will be able to help her family advance.

Translated from Spanish by Leticia Britos, Kiva Volunteer.



Araceli es una mujer a quien le gusta luchar por su familia. Hace 1 año comenzó a vender cosméticos por catálogo para poder ayudarle a su esposo con los gastos de la casa. Poco a poco ha ido haciéndose de clientes y eso ha logrado que ella venda más y ayude con los gastos, ya que su esposo trabaja como obrero y lo que gana no es suficiente para pagar todo lo que necesita su hijo.

Actualmente Araceli tiene varios pedidos pendientes. Puesto que no cuenta con recursos suficientes para poder surtirlos, está solicitando un crédito de US $375, que está dispuesta a pagar en un plazo de 6 meses. Con tu ayuda Araceli podrá ayudar a que su familia salga adelante.


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Journal entries for Araceli Banda Tovias


Loan has been disbursed
 
Entrepreneur: Araceli Banda Tovias
Location: Santa Catarina, Nuevo Leon, Mexico

Thank you for your loan. It has been disbursed to Araceli Banda Tovias 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 Santa Catarina, Nuevo Leon, Mexico
Mar 12, 2008
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Kiva Help Repayment Schedule for Araceli Banda Tovias

  Expected Repayments Actual Repayments Comments
June 2008 $62.50 $63.00 Repayment Received
July 2008 $62.50 $63.00 Repayment Received
August 2008 $62.50 $63.00 Repayment Received
September 2008 $62.50 $63.00 Repayment Received
October 2008 $62.50 $63.00 Repayment Received
November 2008 $62.50 $60.00 Repayment Received