Milagros


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Milagros
Location: Pucallpa, Peru
Activity: Tailoring

About the Loan

Loan Amount: $650.00
Loan Use: Purchase of dressmaking materials and home repairs
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 8, 2009
Date Disbursed: Mar 13, 2009
Date Funded:Apr 9, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1250 PEN = 1 USD



Milagros is 35 years old, a single mother, and lives with her only son who is school-aged, and it is he who motivates her daily efforts. She studied the art of dressmaking and now is one of the most asked-for seamstresses due to the beautiful details she creates to make clothes of all varieties. In the field of textiles she has 21 years of experience and it is going well. What she likes about her work is to be very detailed and that is what her customers like. Furthermore, her work is profitable because she works for various public entities which have confidence in her good work and they send her large orders. Subsequently, Milagros wants to have a well outfitted seamstresses’ shop.


She has three loans with MFP and she enjoys working with her communal bank because its members are united and supportive. The money that she asks for in this occasion will be invested in the purchase of dressmaking materials, and partly in the repair of her house.

Translated from Spanish by William Gray, Kiva Volunteer


Milagros tiene 35 años, es madre soltera y vive con su único hijo que está en edad escolar, y es quien motiva su esfuerzo diario. Estudió el arte de modistería y ahora es una de las costureras más solicitadas, por los bonitos detalles que realiza al confeccionar ropa en todas sus variedades. En este campo textil, ya lleva 21 años y le va muy bien. Lo que le gusta de su trabajo es ser bien detallista y es lo que le gusta a sus clientes, además le es rentable porque trabaja para varias entidades públicas que confían en su buen trabajo y le mandan a realizar grande pedidos. Posteriormente, Milagros quiere tener un bien implementado taller textil. Con MFP, tiene 3 préstamos, y le gusta trabajar con su banco comunal porque sus integrantes son unidos y solidarios. El dinero que solicita en esta ocasión lo invertirá en la compra de materiales de costura y otra parte para el arreglo de su casa.

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Loan has been disbursed
 
Entrepreneur: Milagros
Location: Pucallpa, Peru

Thank you for your loan. It has been disbursed to Milagros by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 5 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Pucallpa, Peru
Apr 10, 2009
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Kiva Help Repayment Schedule for Milagros

  Expected Repayments Actual Repayments Comments
June 2009 $96.21 $96.20 Repayment Received
July 2009 $101.53 $101.53 Repayment Received
August 2009 $106.10 $106.10 Repayment Received
September 2009 $110.35 $110.36 Repayment Received
October 2009 $115.48 $115.48 Repayment Received
November 2009 $120.33 $120.33 Repayment Received