Maria Luisa Vidales Oliva

Status: Paid Back

$350
Loan Request
Disbursed : Sep 26, 2008
Listed: Sep 12, 2008
Funded: Sep 12, 2008
$350
Paid Back
Ended: Feb 21, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249
Currency:Mexico Pesos (MXN)
Exchange Rate:10.4915 MXN = 1 USD


About the Loan

Location: Solidaridad, Monterrey, Mexico   Repayment Term: 5 months
(more info)
Activity: Food Production/Sales   Repayment Schedule: Monthly
Loan Use: To buy raw materials   Currency Exchange Loss: Covered
      Default Protection: Covered
Maria Luisa is married and has 2 children, who are 15 and 9 years old. Her husband works in construction. She decided to start her business in order to help her husband with the expenses of their children's education. Her husband's job was intermitent and he only worked for temporary periods--there were times when money did not come in during the week. She began her business making and selling food in her house, which has allowed her to get ahead.


She needs a loan for US $350, which she will repay in 3 months, to buy raw materials so that she can continue selling her foods. With your help, Luisa will come out ahead.


Translated from Spanish by Jennifer Day, Kiva Volunteer


Maria luisa es casada y tiene 2 hijos de 15 y 9 años, su esposo trabaje n la construcción. Ella decidió empezar su negocio para apoyar a su esposo con los gastos de la educación de sus hijos ya que el trabajo de su esposo era eventual y solo trabajaba una temporada y pues no quedaba entradas de dinero en la semana.
Ella empezó con su negocio de elaboración y venta de comidas que estableció en su casa o que le ha permitido salir adelante.


Ella necesita un préstamo por US $350 que pagara en 3 meses para comprar materia prima para poder continuar con la venta de sus comidas. Con tu ayuda Luisa saldrá adelante.


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Journal entries for Maria Luisa Vidales Oliva


Loan has been disbursed
 
Entrepreneur: Maria Luisa Vidales Oliva
Location: Solidaridad, Monterrey, Mexico

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


Posted by Rebeca Casas Abrego from Solidaridad, Monterrey, Mexico
Sep 17, 2008
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Kiva Help Repayment Schedule for Maria Luisa Vidales Oliva

  Expected Repayments Actual Repayments Comments
December 2008 $116.67 $117.00 Repayment Received
January 2009 $116.67 $116.33 Repayment Received
February 2009 $116.66 $116.67 Repayment Received