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Sr. Elfego has been selling new and used clothing outside of his home for more than two years. He is requesting a loan so that he can invest in his business since he lacks a wide variety of merchandise such as men’s clothing, toys, electronics, and furniture. Elfego does not have the necessary capital to make the investment he desires for his business.

He plans to repay the loan using part of the earnings that is generated from his business, which is the source of income that supports his family.

View original language description ↓
El señor Elfego tiene ya mas de dos años dedicándose a la venta de ropa nueva, usada afuera de su casa.
Esta solicitando un préstamo para poder invertir en el negocio ya que le esta haciendo falta mas variedad de mercancía que es ropa para hombre, juguetes, aparatos electrónicos y muebles, no cuenta con el capital necesario para la inversión y desea para su negocio.
Planea pagar el crédito con una parte de las ganancias que obtiene de su negocio ya que es la fuente de ingreso que tiene para su familia.

About Mexico

  • $15,600
    Average annual income
  • 60
    View loans »
    Mexico Loans Fundraising
  • $20,015,475
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Elfego to purchase clothing and other merchandise for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 10, 2011
Jun 13, 2011
Currency Exchange Loss:
May 15, 2012