Irma Guadalupe Gutierrez Covarrubia

Status: Paid Back

$600
Loan Request
Disbursed : Aug 3, 2008
Listed: Jul 18, 2008
Funded: Jul 20, 2008
$600
Paid Back
Ended: Mar 15, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249
Currency:Mexico Pesos (MXN)
Exchange Rate:10.2875 MXN = 1 USD


About the Loan

Location: Victoria, Tamaulipas, Mexico   Repayment Term: 9 months
(more info)
Activity: Crafts   Repayment Schedule: Monthly
Loan Use: purchasing materials for crafts   Currency Exchange Loss: Covered
      Default Protection: Covered
Irma started her business because she had to support herself and her family after her husband's death. Even now she is always looking for ways to earn money for her home expenses. Eighteen years ago she began selling snacks, candy and crafts that she made, and little by little she has added more items to sell. Now she lives by herself, and her expenses are minimal; she only worries about earning enough to eat and to pay the house bills.


Irma requests a $600 loan to be paid back in 6 months to purchase more materials to make crafts and to buy more toys and gifts to sell. She needs a variety of products to maintain a good cash flow.

Translated from Spanish by Maria B., Kiva volunteer



Irma inició el negocio porque a raíz de que murió su esposo tuvo que buscar la manera de salir adelante y se tuvo que emplear a si misma vendiendo cosas además de que también hace manualidades y busca por todas las formas sacar dinero para los gastos de la casa. Comenzó hace 18 años vendiendo frituras, dulces y haciendo manualidades; y poco a poco fue metiéndole más cosas para sacar más dinero y así de esa manera le iba dando vuelta al dinero. Ahora ya no tiene tantos problemas porque esta sola y sus gastos son mínimos, solo se preocupo por sacar dinero para comer y pagar los gastos de la casa.


Ella necesita un préstamo por US $600 que pagara en 6 meses para comprar más material para hacer manualidades y abastecerse de mas juguetes y regalos, porque si se queda sin nada después batalla para darle movimiento rápido al dinero.


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Journal entries for Irma Guadalupe Gutierrez Covarrubia


Loan has been disbursed
 
Entrepreneur: Irma Guadalupe Gutierrez Covarrubia
Location: Victoria, Tamaulipas, Mexico

Thank you for your loan. It has been disbursed to Irma Guadalupe Gutierrez Covarrubia 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 Victoria, Tamaulipas, Mexico
Jul 21, 2008
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Kiva Help Repayment Schedule for Irma Guadalupe Gutierrez Covarrubia

  Expected Repayments Actual Repayments Comments
October 2008 $0.00 $100.00  
November 2008 $100.00 $100.00 Repayment Received
December 2008 $100.00 $100.00 Repayment Received
January 2009 $100.00 $0.00 Repayment Received
February 2009 $100.00 $100.00 Repayment Received
March 2009 $100.00 $100.00 Repayment Received
April 2009 $100.00 $100.00 Repayment Received