Adela


Status: Paying Back

$525.00   Loan Amount
81% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $525.00
Loan Use: Increase her stock
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 8, 2009
Date Disbursed: May 21, 2009
Date Funded:Jun 18, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9950 PEN = 1 USD



Adela is 56 years old. She is a single mother and lives with her daughter and granddaughter in a house she owns. She's sold secondhand clothing and groceries for the past six years. She takes this merchandise to a port on the river near her house, where most of her customers are farmworkers. What she likes best about her work is feeling like a useful woman and interacting with a lot of people. It's also quite profitable, and her food products and articles of clothing sell very quickly every day. In the future, Adela would like to build a shop location instead of selling on the street. This is her third loan with MFP, and she likes working with her communal bank because all of her partners are very responsible and friendly. She will use the requested loan to buy more clothing and groceries to increase her sales.

Translated from Spanish by Andrea Rosenberg, Kiva Volunteer


Adela tiene 56 años, es madre soltera, vive con su hija y su nieta en su casa propia. Desde hae 6 años vende ropa de segundo uso y abarrotes, esta mercadería la lleva a un puerto fluvial cercano a su casa, donde sus principales consumidores son los agricultores. Lo que más le gusta de su trabajo es que se siente una mujer útil y se relaciona con muchas personas, además le es muy rentable, ya que sus productos y sus prendas de vestir se venden muy rápido cada día. Posteriormente, Adela quiere mandar a construir un local para establecerse en tienda de ropa y dejar el comercio ambulante. Este es su 3er préstamo con MFP, y le gusta trabajar con su banco comunal porque todos sus compañeros son muy responsables y amables. Con el dinero que solicita comprará más ropa y productos comestibles para incrementar sus ventas.

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Journal entries for Adela


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

Thank you for your loan. It has been disbursed to Adela by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 6 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
Jun 19, 2009
Comment on this entry

Update on Adela
 
Entrepreneur: Adela
Location: Pucallpa, Peru

Adela is a 56-year-old single mother, who lives with her daughter and granddaughter in a house that she owns. For the past six years, Adela has sold second-hand clothing and groceries out of her house. After a recent meeting with her loan officer, she decided that because the sales of groceries were so low and inconsistent, she would discontinue that business and start a small restaurant out of her home. Adela used her most recent loan of 1,500 soles to purchase second-hand clothing that she could sell as well as ingredients to prepare food that she will sell from her restaurant.

Adela says that originally she was afraid to take out a loan, because she liked being able to use her own money to start her businesses. Before she became a client of Microfinanzas Prisma, she was selling fish, but she had to go to a bad part of town to purchase the fish, and she hated that. Once she took out her first loan she was able to stop selling fish, and begin selling second-hand clothes, which she enjoys a lot more. Adela says that her dreams are to begin other businesses and to eventually be able to travel to other parts of Peru.

Adela is pictured here in front of her house.

To loan to other entrepreneurs with Microfinanzas Prisma, click on the following link, http://www.kiva.org/app.php?page=businesses&partner_id=71&status=fundRaising&sortBy=Old+to+New

(if the link does not work, you can copy and paste it into the URL bar of your internet browser)


Posted by Bryan Goldfinger from Pucallpa, Peru
Nov 5, 2009
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Kiva Help Repayment Schedule for Adela

  Expected Repayments Actual Repayments Comments
August 2009 $74.46 $74.46 Repayment Received
September 2009 $81.96 $81.96 Repayment Received
October 2009 $86.33 $86.33 Repayment Received
November 2009 $90.21 $90.21 Repayment Received
December 2009 $93.98 $93.98 Repayment Received
January 2010 $98.06 Available Jan 1