Elena


Status: Paying Back

$575.00   Loan Amount
75% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Elena
Location: Puno, Peru
Activity: Hardware

About the Loan

Loan Amount: $575.00
Loan Use: Merchandise increase
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 8, 2009
Date Disbursed: Apr 6, 2009
Date Funded:May 10, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0000 PEN = 1 USD



Elena, 31 years old, has always fought to get ahead and to improve her life. She lives in her own house. The 3 years that she has been in the hardware business have served to improve her life. She purchases the materials from the city of Oruro (city in the country of Bolivia) and moves them by land to Puno, to then distribute them to the city's different hardware stores. Elena enjoys traveling to Bolivia to bring the materials, since she amuses herself on the way, and hopes later to have her own hardware store where she can sell the materials that she brings herself, since the most difficult thing nowadays is to distribute the hardware, as the materials weigh a lot and are very difficult to transport. Now on her second loan, Elena, who always pays all of her payments on time, has decided to improve her business and feels that she has the support of the members of her communal bank. With the requested 1700 soles (Peruvian currency) she will increase her work capital to purchase more materials.

Translated from Spanish by Heather Nicholson, Kiva Volunteer


Elena de 31 años, siempre luchó por salir adelante y mejorar su vida, vive en su propia casa. Los 3 años que tiene en el negocio de la ferretería, le han servido para mejorar su vida, ella compra los materiales de la ciudad de Oruro (Ciudad del país de Bolivia) y los traslada vía terrestre hasta Puno, para luego distribuirlos a las distintas ferreterías de la ciudad. Elena disfruta de viajar hasta Bolivia para traer los materiales, ya que se distrae mucho en el camino, y espera más adelante, tener su propia ferretería donde pueda vender ella misma los materiales que trae, ya que lo más difícil, actualmente, es distribuir a las ferreterías, puesto que los materiales pesan mucho y le son muy difíciles de transportar. Ya estando en su segundo préstamo, Elena que siempre paga todas sus cuotas a tiempo, ha decidido mejorar su negocio y siente que tiene el respaldo de las socias de su banco comunal. Con los 1700 soles solicitados incrementará su capital de trabajo para comprar más materiales.

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Top Lending Teams for this entrepreneur


National Association of Exclusive Buyer Agents (NAEBA)
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1 Member

Journal entries for Elena


Loan has been disbursed
 
Entrepreneur: Elena
Location: Puno, Peru

Thank you for your loan. It has been disbursed to Elena by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 7 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Puno, Peru
May 11, 2009
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Kiva Help Repayment Schedule for Elena

  Expected Repayments Actual Repayments Comments
July 2009 $72.04 $72.04 Repayment Received
August 2009 $72.04 $72.04 Repayment Received
September 2009 $72.04 $72.04 Repayment Received
October 2009 $72.04 $72.04 Repayment Received
November 2009 $72.04 $72.04 Repayment Received
December 2009 $72.04 $72.04 Repayment Received
January 2010 $72.04 Available Jan 1  
February 2010 $70.72 Available Feb 1