Jose Olarte Mendoza


Status: Paid Back

$975.00   Loan Request
$975.00   Paid Back

About the Entrepreneur

Name: Jose Olarte Mendoza
Location: Reynosa, Tamaulipas, Mexico
Activity: General Store

About the Loan

Loan Amount: $975.00
Loan Use: Purchase merchandise and build new business space
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 21, 2008
Date Disbursed: Jun 6, 2008
Date Funded:May 23, 2008
Loan Ended:Jan 17, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.3710 MXN = 1 USD



José started selling produce from his vehicle to people in different residential zones, using his home as both a warehouse and a business space. He later started gaining customers. After that, he started selling his produce wholesale to other stores and continued doing so until he established a favorable client-base. With those profits, he was able to build a business space so that he could keep selling from home, as well as at a local market.


He currently needs a loan of $975.00 USD, which he will repay in 6 months, so that he can purchase seasonal produce and fulfill his new dream, which is build another business space in another residential area. He trusts that with Kiva’s support, he will be able to expand his business.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer.



José inicio el negocio vendiendo frutas y verduras por colonias en su vehículo, utilizando su hogar como bodega, y a la vez también vendía frutas y verduras ahi mismo. Después se empezó a hacer de clientes, posteriormente comenzó a surtirle a tiendas al mayoreo, así lo estuvo haciendo hasta que ya tuvo una cartera de clientes favorable. Con las ganancias que esto le dejo, empezó a construir un local, para seguir la venta en su domicilio, al igual en un mercado también tiene la venta de frutas y verduras.


Ahora necesita de un crédito de $975 a 6 meses, para comprar mercancía de temporada y también cumplir su nuevo sueño que es construir otro local en otra colonia de esta ciudad, el confía en el apoyo de Kiva, podra hacer crecer su negocio.


Subscribe

Lenders to this entrepreneur

Michael
Endicott, NY
United States

Kay
Columbia, MD KivaFriends.org
United States

Small Potatoes
KivaFriends.org, West Chicago, IL
United States

festival
Montreal, Quebec
Canada

Carol
Sydney, NSW
Australia

Anonymous
bellevue, WA
United States

Anonymous
Washington, DC
United States

albert
Auburn, AL
United States

Ben Brinckerhoff
Boulder, CO
United States

Pamela
Rensselaer, NY
United States

Anonymous
Tijuana, BC
Mexico

Elizabeth
St. Paul, MN, www.kivafriends.org
United States

Paul
Los Altos, CA
United States

Warren
Tucson, AZ
United States

Tiffany
Teddington, Middlesex
United Kingdom

Michael
Walworth, WI
United States

Lorna & Critters
Kanata, Ontario
Canada

martin
Catonsville, MD
United States

Shweta
Chicago, IL
United States

Frederick
Fair Oaks, CA
United States

Michael and Kim
Glen Allen, VA, kivafriends.org
United States

Nikos
Lugano, Ticino
Switzerland

Khürt
Princeton, NJ
United States

Diane
Valparaiso, IN
United States

Gary
Mudgee, New South Wales
Australia

Millard
Tracy, CA
United States

Lionel
Arlington, VA
United States

Dennis
Long Valley, NJ
United States

Walter
Princeton, NJ
United States

Eli Yahoo
Tampa, FL
United States

Kyle
Mansfield, TX
United States

Johnny
Lawrenceville, NJ
United States

Good Dogg
Front Porch, www.kivafriends.org
United States

Ashli
Birmingham, AL
United States

Jack
Newport Beach, CA
United States

Lydia
Clyde Hill, WA
United States

Heidi
San Antonio, TX
United States



Journal entries for Jose Olarte Mendoza


Loan has been disbursed
 
Entrepreneur: Jose Olarte Mendoza
Location: Reynosa, Tamaulipas, Mexico

Thank you for your loan. It has been disbursed to Jose Olarte Mendoza 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 Reynosa, Tamaulipas, Mexico
May 23, 2008
Comments (3)

Kiva Help Repayment Schedule for Jose Olarte Mendoza

  Expected Repayments Actual Repayments Comments
August 2008 $0.00 $163.00  
September 2008 $162.50 $163.00 Repayment Received
October 2008 $162.50 $163.00 Repayment Received
November 2008 $162.50 $163.00 Repayment Received
December 2008 $162.50 $0.00 Repayment Received
January 2009 $162.50 $160.50 Repayment Received
February 2009 $162.50 $162.50 Repayment Received