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Angélica maría Tene pintado is
100% complete

Original loan requested: £1410.26

Angélica María Tene Pintado is 23 and married with a daughter who is three years old. Angélica married when she was 17 and started working as a day labourer alongside her husband. However, when her daughter was born she had to look for an alternative source of income since she had to stay at home and look after her baby. She therefore started raising and selling chickens and guinea pigs (these are a popular meat throughout the Andes region of South America). She keeps them on land next to her home. Doña Angélica receives a lot of assistance from her husband and her parents, who stay at home whenever she has to attend classes - she is studying a course in Business Administration. She states that her objective is to finish her studies and open a large store selling basic foods. Her husband now works on a prawn farm. She sells the chickens and guinea pigs directly to consumers because she can make a greater profit this way. She sought a loan in order to buy chicks and feed in bulk and also make some modifications to where they are housed. She tends to sell the chickens after around 4-5 months. She does not raise chickens in succession, rather after selling the birds she waits for a while, rests and then buys young chicks once again to raise. She hopes that eventually she might be able to buy a plot of land where she can build her own home.

Entrepreneur updates

Update on Angélica Tene Pintado
2013-04-12 10:25:58

Update on Angélica Tene Pintado

Angélica María Tene Pintado received a loan of just over £1,400 last autumn. She has made five repayments so far without difficulties. Angelica requested the loan to continue with her business of raising poultry. However, once she received the money she decided to change the proposed investment. With approval from our microfinance partner, Fundacion FACES, she started a business making and selling knitted infant socks and hats because she thought it would be more profitable. The items are for infants aged up to 18 months generally. She used the majority of the loan to buy different coloured wool in bulk, knitting needles and other equipment she needed to start her business. Angélica makes sure that the material she uses will not cause any irritation to sensitive skin. It has been about three months she she established the business and it is going well. She sells directly as well as supplying baby clothing shops. It takes her about three hours to knit one pair of socks and slightly less for a hat, which she does while attending to the shop. She attends to the shop for about five hours each day and then in the evenings go to University to continue with her studies - she is completing a course in business administration. Her mother and sister also help her to knit the socks and attend to the shop when she is not there. They sell the socks for $4-5 each depending upon the size and the hats for $6 each. It costs her approximately $1.50 in materials to make each pair of socks or hat.  Angelica has also started promoting her business through the internet and Facebook, and quite a few customers are even placing orders online.

Repayment schedule

Date Expected repayments Actual repayments
November 2012 £128.21 £159.24
December 2012 £85.47 £82.52
January 2013 £85.47 £84.97
February 2013 £85.47 £88.22
March 2013 £85.47 £87.95
April 2013 £85.47 £86.18
May 2013 £85.47 £88.27
June 2013 £85.47 £86.58
July 2013 £85.47 £87.33
August 2013 £85.47 £86.00
September 2013 £85.47 £83.17
October 2013 £85.47 £82.47
November 2013 £85.47 £81.80
December 2013 £85.47 £81.63
January 2014 £85.47 £80.51
February 2014 £85.47 £80.21

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