Maria Correa


Status: Paid Back

$675.00   Loan Request
$675.00   Paid Back

About the Entrepreneur

Name: Maria Correa
Location: Ita, Paraguay
Activity: Sewing

About the Loan

Loan Amount: $675.00
Loan Use: To purchase fabrics and thread in huge quantities
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 5, 2008
Date Disbursed: Apr 19, 2008
Date Funded:Apr 5, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Paraguay
Avg Annual Income:$4,555.00
Currency:Paraguay Guarani (PYG)
Exchange Rate:4,565.9500 PYG = 1 USD



Maria Angela is 59 years old. She is married to Geronimo, who's 50 years old. They have been married for 20 years and they assure us that their love gets stronger and bigger each day. Their 3 children are more than proof of their love. They are between the ages of 24, 17, and 16 respectively. She tells us that her older kid is going to college and wants to study computers. The 2 younger kids are going to high school.

Maria Angela is a seamstress. She makes beautiful clothes such as pants, blouses and sweaters which she sells to all whole sellers in the country. Her husband is in public transportation and he travels to different parts of the country.

She tells us that about 25 years ago she used to work as a seamstress in a very well-known store in the city called Riojana. Since then, she has been able to become financially independent by opening up her own dress shop.

Maria Angela tells us with sadness that she was robbed about 5 years ago and they took many of her sewing machines leaving her without her working tools. Since then, she has been applying for loans in order to replace the sewing machines she lost.

At this time, she's requesting a loan to purchase fabrics and threads in huge quantities since she has a lot of oders such as school and work uniforms that she needs to fullfil.


Translated from Spanish by Carolina Zelaya-Kronlund, Kiva Volunteer.



María Ángela tiene 59 años, está casada hace varios años con Geronimo que tiene 50 años de edad. Ellos llevan más de 20 años de casados y aseguran que su amor es cada vez más grande y fuerte. La prueba de su amor son sus tres hijos que hoy tienen ya 24, 17 y 16 años respectivamente. Ella comenta que el hijo mayor está cursando la carrera universitaria de ingeniería informática mientras que los dos hijos menores aún van a la secundaria.


María Ángela se dedica a la confección de prendas de vestir de todo tipo, principalmente pantalones, camisas y bermudas que vende al por mayor a distintos negocios del país. Su esposo es transportista y actualmente realiza fletes a sojeros de diversas zonas del país.


Ella cuenta que anteriormente trabajaba como costurera para una muy conocida tienda de la capital, llamada la Riojana, hace aproximadamente 25 años ella logró independizarse y monto su propio taller de costuras.


María Ángela nos comento con tristeza que hace 5 años fue victima de un robo, donde la despojaron de varias maquinas, quedándose sin sus herramientas fundamentales de trabajo. Desde ese momento han recurrido a los préstamos a fin de adquirir nuevamente dichas maquinarias.


En esta oportunidad necesita de un crédito para comprar telas en grandes cantidades al igual que hilos, pues tiene muchos pedidos de uniformes para colegios y oficinas que debe cubrir.


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Journal entries for Maria Correa


Loan has been disbursed
 
Entrepreneur: Maria Correa
Location: Ita, Paraguay

Thank you for your loan. It has been disbursed to Maria Correa by Fundación Paraguaya in Paraguay. We are excited to watch this business grow. Over the next 11 months, Fundación Paraguaya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Denysse Figueredo from Ita, Paraguay
Apr 7, 2008
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Kiva Help Repayment Schedule for Maria Correa

  Expected Repayments Actual Repayments Comments
July 2008 $61.36 $62.00 Repayment Received
August 2008 $61.36 $62.00 Repayment Received
September 2008 $61.36 $62.00 Repayment Received
October 2008 $61.36 $62.00 Repayment Received
November 2008 $61.36 $62.00 Repayment Received
December 2008 $61.36 $62.00 Repayment Received
January 2009 $61.36 $57.55 Repayment Received
February 2009 $61.36 $61.36 Repayment Received
March 2009 $61.36 $61.36 Repayment Received
April 2009 $61.36 $61.36 Repayment Received
May 2009 $61.40 $61.37 Repayment Received