Gladis


Status: Paying Back

$1,175.00   Loan Amount
34% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $1,175.00
Loan Use: Increase merchandise and buy materials
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 12, 2009
Date Disbursed: May 25, 2009
Date Funded:Jun 22, 2009

About the Country

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



Gladis is thirty years old and single. She lives in her own house with her daughters; Celeste is eight, and Erica is two and a half. She describes herself as being a very curious person. Her initiative to sell beauty products was born from this curiosity. She gives her customers advice about which cosmetics are best for them according to their complexion and the color of their skin.

Being a very creative woman, she also makes beautiful necklaces, bracelets, rings, earrings, etc. She has been in this business for one year, and it been going very well. Everything that she designs and offers is much in customer demand. Because of this she has a secure monthly income, which is very profitable.

Gladis really likes her work. Since she does not have a boss, she gets to decide herself what to do and when to do it. This gives her time to take care of her daughters. But, her work is not easy. It requires great dedication and effort to make each one of her pieces of jewelry. It also requires good vision and being good at close work.

In the near future, Gladis would like to have a large bazaar where she could offer all of her merchandise.

This is her first individual loan with MFP. She was punctual with all of her payments when she worked with a community bank. With the money she will buy more cosmetics to fill her orders. She will also buy beads, and other stones to make her lovely jewelry.

Translated from Spanish by Ginny Kalish, Kiva Volunteer


Gladis tiene 30 años, es soltera, vive con sus hijas Celeste de 8 años y Erica de 2 años y medio de edad en su casa propia. Ella se describe como una persona muy curiosa, y por esta curiosidad nació su iniciativa de dedicarse a la venta de productos de belleza, ya que le permite aconsejar a sus clientas sobre los cosméticos le van mejor de acuerdo a su tez y color de piel. Además de eso también elabora bonitos collares, pulseras, anillos, aretes, etc., siendo una mujer muy creativa. Desde que incursionó en este negocio ha pasado un año, en el cual le ha ido muy bien, ya que todo lo que ofrece y diseña es muy requerido por su clientela, por ello tiene ingresos mensuales seguros, resultándole muy rentable. A Gladis le gusta mucho su trabajo, ya que no tiene un jefe, ella misma decide qué hacer y cuándo hacerlo, lo que le da tiempo para el cuidado de sus hijas. Pero su trabajo no es nada fácil, pues requiere de gran dedicación y esfuerzo para realizar cada una de las joyas, además de buena visión y puntería. En un futuro cercano, Gladis quiere tener un gran bazar donde ofrecer toda su mercadería. Este es su primer crédito individual con MFP, donde se ha caracterizado por ser muy puntual en todos sus pagos, cuando trabajaba con un banco comunal. Con el dinero solicitado comprará mayor cantidad de cosméticos para cumplir con sus pedidos y también adquirirá mostacillas y otras piedras para realizar sus lindas joyas.

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Journal entries for Gladis


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

Thank you for your loan. It has been disbursed to Gladis 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 Lima, Peru
Jun 23, 2009
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Kiva Help Repayment Schedule for Gladis

  Expected Repayments Actual Repayments Comments
September 2009 $88.63 $88.63 Repayment Received
October 2009 $101.90 $101.90 Repayment Received
November 2009 $106.11 $121.92 Repayment Received
December 2009 $111.69 $95.88 Repayment Received
January 2010 $114.08 Available Jan 1  
February 2010 $121.61 Available Feb 1  
March 2010 $124.14 Available Mar 1  
April 2010 $130.55 Available Apr 1  
May 2010 $136.52 Available May 1  
June 2010 $139.77 Available Jun 1