Irene


Status: Paying Back

$450.00   Loan Amount
50% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Irene
Location: Huancayo, Peru
Activity: Retail

About the Loan

Loan Amount: $450.00
Loan Use: Increase merchandise
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 7, 2009
Date Disbursed: May 15, 2009
Date Funded:Jun 7, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0050 PEN = 1 USD



Irene is 52 years old and lives in her own house with her oldest daughter who is 16. For more than 16 years she has been selling milk products (yogurt, butter and cheese). She began with little but now she distributes to regular clients at the markets in her area.


Generally she sells on credit, delivers her products, and after a time agreed upon with the client, she returns to collect payment. With this type of work she is constantly traveling to the small towns around her city, both to stock up and to sell her products. Up until now her sales have been producing good results and she can meet all her household expenses, so she plans to continue working the same way.


This is the 6th time she has had a loan from MFP. She had withdrawn from the communal bank for a while because of travel, but she has now returned because her fellow members know that she is responsible with her payments and she promises to continue this way. The loan she is requesting is to purchase a larger quantity of cheese and butter.

Translated from Spanish by Mary McKee, Kiva Volunteer


Irene tiene 52 años, vive en su casa propia con su última hija de 16 años. Desde hace más de 16 años vende productos lácteos (yogurt, mantequilla y quesos), se inició con poco, pero ahora reparte a los clientes regulares que tiene en las ferias comerciales cercanas a su localidad. Generalmente vende al crédito, reparte sus productos y luego de un tiempo, acordado con el cliente, regresa para el cobro. Con este tipo de trabajo realiza viajes constantes a las zonas aledañas a su ciudad, tanto para abastecerse, como para vender sus productos. Hasta el momento sus ventas han dado buenos resultados y puede sostener ella sola la economía de su casa, por lo que tiene planes de seguir con la misma modalidad de trabajo. Esta es la sexta vez que tiene un crédito con MFP, ella se retiró por una temporada de su banco comunal, por motivo de viaje, pero ahora se reintegra porque sus compañeros conocen que es una persona responsable en sus pagos, además que ella misma se compromete a seguir trabajando así. El dinero que está solicitando es para adquirir mayor cantidad de mercadería en quesos y mantequilla.

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Journal entries for Irene


Loan has been disbursed
 
Entrepreneur: Irene
Location: Huancayo, Peru

Thank you for your loan. It has been disbursed to Irene by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 10 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Huancayo, Peru
Jun 8, 2009
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Kiva Help Repayment Schedule for Irene

  Expected Repayments Actual Repayments Comments
August 2009 $45.00 $45.00 Repayment Received
September 2009 $45.00 $45.00 Repayment Received
October 2009 $45.00 $45.00 Repayment Received
November 2009 $45.00 $45.00 Repayment Received
December 2009 $45.00 $45.00 Repayment Received
January 2010 $45.00 Available Jan 1  
February 2010 $45.00 Available Feb 1  
March 2010 $45.00 Available Mar 1  
April 2010 $45.00 Available Apr 1  
May 2010 $45.00 Available May 1