Nancy

Status: Paid Back

$350
Loan Request
Pre-Disbursed : Apr 20, 2009
Listed: May 20, 2009
Funded: May 20, 2009
$350
Paid Back
Ended: Nov 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0350 PEN = 1 USD


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Lima, Peru   Repayment Term: 8 months
(more info)
Activity: Fruits & Vegetables   Repayment Schedule: At end of term
Loan Use: Buy merchandise to increase sales   Currency Exchange Loss: Covered
      Default Protection: Covered
Nancy is a working mother; she works in order to progress personally and educate, care for and protect her children. Over 10 years as a businesswoman, her primary activity has been buying and selling vegetables in the market near her house. In order to buy her products she must leave the house at dawn for the city's central market, where they are sold wholesale and for the lowest prices. Nancy opens shop at 6:00 AM and works hard until noon. Due to high demand she has realized that it is necessary to hire a helper to attend to her customers. This is her first loan with MFP, and she hopes to settle in quickly with her loan group, who have worked for 5 years with the institution. The 1000-sole loan will go toward purchasing merchandise and improving the setup of her business.

Translated from Spanish by Shanti Singh, Kiva Volunteer


Nancy es una trabajadora madre de familia, el esfuerzo que realiza está basado en las ganas de progresar y educar a sus hijos, a quienes siempre trata de cuidar y proteger. Hace 10 años que es comerciante, su principal actividad es la compra y venta de verduras en el mercado que está situado cerca de su casa, pero para conseguir sus productos tiene que salir de madrugada al mercado central de la ciudad donde los venden a costos más bajos y al por mayor. Nancy abre su puesto a partir de las 6 de la mañana hasta el medio día, horas de arduo trabajo, pues hay gran demanda y nota que le es necesario conseguir un ayudante para atender a sus clientes. Este es su primer préstamo con MFP, y espera acoplarse rápidamente a su grupo, el cual viene trabajando hace más de 5 años en la institución. Los 1000 soles que solicita son para la compra de mercadería y la mejor ambientación de su puesto.

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Journal entries for Nancy


Loan has been disbursed
 
Entrepreneur: Nancy
Location: Lima, Peru

Thank you for your loan. It has been disbursed to Nancy 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 Lima, Peru
May 21, 2009
Comment on this entry

Aumento su mercadería.
 
Entrepreneur: Nancy
Location: Lima, Peru

Nancy tiene la oportunidad de seguir progresando ya que sus ingresos aumentaron y la demanda la obliga a ampliar su negocio con nuevos productos, siendo estos adquiridos debido al préstamo que le dieron. Ahora ella está contenta por el progreso de su negocio y tiene proyectado invertir en la compra de un carro para que sea de soporte y pueda vender al por mayor la mercadería sin necesidad de un puesto fijo en el mercado, ya que las ventas en la puerta de los mercados son beneficiosos. Por ello espera seguir formando parte de Banco Comunal donde trabaja amenamente con un grupo de socias, asimismo agradece a Microfinanzas PRISMA por el crédito que le dieron ya que con ella pudo mejorar su negocio.


Posted by Betsabé Bruno Morales from Lima, Peru
Sep 7, 2009
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Kiva Help Repayment Schedule for Nancy

  Expected Repayments Actual Repayments Comments
July 2009 $0.00 $58.33  
August 2009 $0.00 $60.66  
September 2009 $0.00 $62.20  
October 2009 $0.00 $66.40  
November 2009 $0.00 $68.25  
December 2009 $350.00 $34.16 Repayment Received