Reyes Garcia Badillo


Status: Paid Back

$450.00   Loan Request
$450.00   Paid Back

About the Entrepreneur

Name: Reyes Garcia Badillo
Location: Saltillo, Coahuila, Mexico
Activity: Printing

About the Loan

Loan Amount: $450.00
Loan Use: Purchase work material
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 29, 2008
Date Disbursed: Dec 4, 2008
Date Funded:Dec 29, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:13.4504 MXN = 1 USD



Reyes started this business because he needed an activity to take care of this financials. He used to have a similar job until her was fired, so he decided to start its own business with the help of his wife. He opened his business in August 1996 using all the knowledge he acquired in his old job. He bought all the necessary supplies, such as screens and reflectors for silk-screen print developing and he opened a shop at home where he currently works. After years of experience and using his sales person skills acquired in a previous job, it wasn’t hard for him to start his own clientele always guaranteeing the best prices. With time, he purchased better tools, such as computers and others being this the only way to successfully manage this business for over 12 years.

He needs a loan of $450 that will be canceled in 3 months to invest in material and to take advantage of the Christmas season to finish all the calendar requests he has already booked.

Translated from Spanish by Jimena Lopez, Kiva Volunteer


Reyes inició el negocio porque tenía necesidad económica, ya que trabajaba para un negocio similar, y lo desocuparon, fue entonces cuando decidió trabajar por su propia cuenta poniendo el negocio el mismo con la ayuda de su esposa. Comenzó en Agosto de 1996 con los conocimientos que había adquirido, compro lo necesario para iniciarse, como son pantallas y reflectores para revelado de la serigrafía y puso en taller en su propia casa, que es donde actualmente aun lo tiene. Con la experiencia que adquirió y como también se desempeñaba como vendedor, no se le dificulto iniciar su propia cartera de clientes, dando mejores precios, lo cual le facilito iniciar su negocio, después fue adquiriendo mejores herramientas de trabajo como son computadoras y demás y es así como ha permanecido 12 años exitosamente.

El necesita un préstamo por MXN $6000 que pagara en 3 meses para invertir en material y aprovechar la temporada navideña con los pedidos de calendarios que tiene ya contratados.

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Journal entries for Reyes Garcia Badillo


Loan has been disbursed
 
Entrepreneur: Reyes Garcia Badillo
Location: Saltillo, Coahuila, Mexico

Thank you for your loan. It has been disbursed to Reyes Garcia Badillo by Admic Nacional in Mexico. We are excited to watch this business grow. Over the 3 months of this loan, Admic Nacional will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Saltillo, Coahuila, Mexico
Dec 30, 2008
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Kiva Help Repayment Schedule for Reyes Garcia Badillo

  Expected Repayments Actual Repayments Comments
March 2009 $150.00 $150.00 Repayment Received
April 2009 $150.00 $150.00 Repayment Received
May 2009 $150.00 $150.00 Repayment Received