Rosendo Olvera Cantera


Status: Paid Back

$400.00   Loan Request
$400.00   Paid Back

About the Entrepreneur

Name: Rosendo Olvera Cantera
Location: Pedro Escobedo, Querétaro, Mexico
Activity: Retail

About the Loan

Loan Amount: $400.00
Loan Use: To repair his freezer and buy materials for making frozen confections.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 27, 2008
Date Disbursed: Jun 10, 2008
Date Funded:May 27, 2008
Loan Ended:Feb 21, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:10.3819 MXN = 1 USD



Rosendo started his business to help his parents when he was young and wanted an income to support himself and help with the maintenance of his brothers and sisters. He started 25 years ago selling popsicles and ice cream sandwiches. Later he learned to make them when he bought his first freezer. With this business he can now support himself, his wife and their 3 children ages 10, 4 and 2 years.

Now he needs a loan of $400, which will be repaid in 6 months, to repair his freezer and buy raw materials. With your help he will continue with his business.

Translated from Spanish by B, Kiva Volunteer.



Rosendo inició el negocio para ayudar a sus padres cuando era joven ya que deseaba tener un ingreso para mantenerse y ayudar a la manutencion de sus hermanos. Comenzó hace 25 años vendiendo paletas de hielo en con una caja de galletas y posteriormente aprendio a hacerleas comprando su primer congelador. Ahora con este negoico puede mantener y sacar adelante a su mujer y sus 3 hijos de 10, 4 y 2 años.


Ahora necesita un prestamo por US $400 que pagara en 6 meses para reparar su congelar y comprar materia prima. Con tu ayuda el seguira con su negocio.


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Journal entries for Rosendo Olvera Cantera


Loan has been disbursed
 
Entrepreneur: Rosendo Olvera Cantera
Location: Pedro Escobedo, Querétaro, Mexico

Thank you for your loan. It has been disbursed to Rosendo Olvera Cantera 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 Pedro Escobedo, Querétaro, Mexico
May 27, 2008
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Kiva Help Repayment Schedule for Rosendo Olvera Cantera

  Expected Repayments Actual Repayments Comments
August 2008 $0.00 $67.00  
September 2008 $66.67 $67.00 Repayment Received
October 2008 $66.67 $67.00 Repayment Received
November 2008 $66.67 $67.00 Repayment Received
December 2008 $66.67 $0.00 Repayment Received
January 2009 $66.67 $65.33 Repayment Received
February 2009 $66.65 $66.67 Repayment Received