Maria


Status: Paying Back

$1,000.00   Loan Amount
63% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $1,000.00
Loan Use: Increase her stock
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jun 27, 2009
Date Disbursed: Jun 4, 2009
Date Funded:Jun 28, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0550 PEN = 1 USD



María is an enterprising woman who, although she was separated from her husband, made an effort to educate her children and offer them living conditions beneficial to their development. One of the things she was able to offer them, apart from her love and attention, is a house of their own where they can live like a happy family. When she began selling things to earn money, she didn't have the purchasing power to do much, but she had a lot of faith that things would get better -- and they did. She went from being a street vendor to having her own space. She stopped going to the local market and set up in a pleasant space where she can sell her products in peace and increase her sales. Now she is convinced that every sacrifice is repaid and because of that wishes to continue working every day from 9 in the morning to 8 at night, happily tending her shop. Maria is assisted by her daughter, who watches the shop while Maria prepares food in the morning. That's how she's been able to continue selling toys for more than 10 years. A sense of comradeship and a desire to improve one's life are two of the qualities she likes about her communal bank, since the members have given her a lot of support for her social and economic development with the 18 previous loans she's gotten from Microfinanzas PRISMA. She plans to use the 3000 soles requested to increase the quantity of toys she sells to meet her little customers' demands, since most of them are children.

Translated from Spanish by Andrea Rosenberg, Kiva Volunteer


María es una mujer emprendedora que a pesar de estar separada supo educar a sus hijos y brindarles las condiciones necesarias para su desarrollo. Una de las cosas que les pudo ofrecer aparte de su amor y cariño es una casa propia donde habitar como una familia feliz. Cuando empezó su labor como comerciante no tenía la capacidad adquisitiva para hacerlo, pero tuvo mucha fe en que las cosas mejorarían y fue así, ya que pasó de ser ambulante a tener un puesto propio donde vender. Dejo de visitar el mercado de su distrito y rodearlo, para ubicarse en un puesto agradable donde puede vender sus productos tranquilamente e incrementar sus ventas. Ahora está convencida de que todo sacrificio tiene su recompensa y es por ello que desea seguir trabajando todos los días desde las 9 de la mañana hasta las 8 de la noche atendiendo su puesto con mucha alegría. María cuenta con el apoyo de su hija, con quien se turna para atender su puesto mientras prepara los alimentos por las mañanas. Es así como viene realizando su actividad de venta de juguetes por más de 10 años. El compañerismo y las ganas de progresar son las características que le agradan dentro de su banco comunal, puesto que en estos 18 créditos que ha tenido con Microfinanzas PRISMA le han sido de gran apoyo para su desarrollo social y económico. Con los 3000 soles que solicita planea incrementar la cantidad de juguetes que vende para atender la demanda de sus pequeños clientes, pues en su mayoría son niños.

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Journal entries for Maria


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

Thank you for your loan. It has been disbursed to Maria 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 Lima, Peru
Jun 29, 2009
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Kiva Help Repayment Schedule for Maria

  Expected Repayments Actual Repayments Comments
September 2009 $149.59 $149.59 Repayment Received
October 2009 $155.03 $155.03 Repayment Received
November 2009 $162.24 $162.24 Repayment Received
December 2009 $169.79 $169.79 Repayment Received
January 2010 $177.69 Available Jan 1  
February 2010 $185.66 Available Feb 1