Marina Fernandez Guillen


Status: Paid Back

$950.00   Loan Request
$950.00   Paid Back

About the Entrepreneur

Name: Marina Fernandez Guillen
Location: Linares, Mexico
Activity: Personal Products Sales

About the Loan

Loan Amount: $950.00
Loan Use: Buy merchandise
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 26, 2008
Date Disbursed: Apr 10, 2008
Date Funded:Mar 27, 2008
Loan Ended:Oct 1, 2008

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.7172 MXN = 1 USD



Marina Fernández is an entrepreneur from Linares, Nuevo León. She began selling natural products when she realised that her growing children needed money for school fees and supplies. As her husband didn’t earn sufficient money as a schoolteacher, she decided to take a job helping a woman sell these products. At the beginning she was selling small quantities of the items to people with diabetes or undergoing detoxification or fighting obesity. As a result she became very well-known and earned lots of money for her employer. At this point she decided to start her own business and accept orders from customers. Currently one of her daughters helps her with the sales.



Marina needs a loan of US$950 which she will repay within 6 months. She will use the money to buy merchandise. With your help she will continue helping her husband with household expenses.

Translated from Spanish by Jane Agg, Kiva Volunteer.



Marina Fernández es una mujer emprendedora de Linares, Nuevo León. Se inicio en la venta de productos naturistas al ver que sus hijos iban creciendo y necesitaban mas dinero para colegiaturas y gastos escolares, y con el sueldo de su esposo quien se desempeña como maestro no era suficiente, por lo que decidió ayudarle a una señora a la venta de estos productos. Inicialmente vendía sobrecitos de los productos para personas con diabetes y para desintoxicar el cuerpo y combatir la obesidad, ya que ella tenia muchos conocidos le generaba a la Sra. para quien trabajaba muy buenas ganancias, por lo que resolvió hacer pedidos directamente y vender por su cuenta. Actualmente una de sus hijas le ayuda en la cobranza.


Ella necesita un crédito por US $950 que pagara en 6 meses para comprar mercancía. Con tu ayuda Marina seguirá apoyando a su esposo con la economía familiar


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Journal entries for Marina Fernandez Guillen


Loan has been disbursed
 
Entrepreneur: Marina Fernandez Guillen
Location: Linares, Mexico

Thank you for your loan. It has been disbursed to Marina Fernandez Guillen 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 Linares, Mexico
Mar 28, 2008
Comment on this entry

Sales!
 
Entrepreneur: Marina Fernandez Guillen
Location: Linares, Mexico

Marina is one of those fantastic entrepreneurs who keeps her eyes on the market. She isn't necessarily invested in one particular product, but in identifying the items that her customers want. I love meeting women like Marina. Their energy fills the room when they talk about selling items, moving merchandise and identifying the next big thing. She has committed to specific catalog sales, shoe sales in the past. She has been awarded- "reina de la venta"/"queen of sales" twice.

She remarried a few years ago to an American who lives in Houston- he is the man in the cowboy hat in the painting behind the picture. He looks for deals on her behalf. The biggest selling items right now are bed spread sets- particularly Spiderman and Disney themes for kids. She believes in high quality items that last, even if they are more expensive. Her customers come back.

Marina believes these are the things that you have to do to "salir adelante" or "move forward" with your life. She believes that a strong work ethic is necessary to succeed and that is the message she has shared with her children.

This loan was provided by ADMIC, the local Kiva partner. ADMIC has been providing micro loans and technical assistance throughout Mexico for over thirty years.


Posted by Megan McTiernan from Linares, Mexico
Feb 5, 2009
Comment on this entry

Kiva Help Repayment Schedule for Marina Fernandez Guillen

  Expected Repayments Actual Repayments Comments
June 2008 $0.00 $159.00  
July 2008 $158.33 $159.00 Repayment Received
August 2008 $158.33 $159.00 Repayment Received
September 2008 $158.33 $159.00 Repayment Received
October 2008 $158.33 $159.00 Repayment Received
November 2008 $158.33 $155.00 Repayment Received
December 2008 $158.35 $0.00 Repayment Received