Irma Coral Morales


Status: Paying Back

$500.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Irma Coral Morales
Location: Pucallpa-ucayali, Peru
Activity: Food Production/Sales

About the Loan

Loan Amount: $500.00
Loan Use: Food and new pots for the business
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 1, 2009
Date Disbursed: Jun 22, 2009
Date Funded:Jul 20, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0001 PEN = 1 USD



Irma Coral Morales is a member of the communal bank “Manos Maravillosas” (Marvellous Hands) and lives in the city of Pucallpa. She has a small cart from which she sells cooked foods such as french fries and hot dogs, fried chicken, hamburgers, and “juanes” (a rice dish typical of the region). Every evening Irma brings her cart out to the main road near her home to sell her meals. Irma’s two adult daughters (aged 20 and 21) help her with this business.


Irma has been working with Manuela Ramos for 2.5 years and plans to invest this loan of 1500 Nuevos Soles in new pots and food for her business.


Irma is separated from her husband and lives with her three children; the youngest is a 13-year-old son. All depend on her. Irma is very thankful to be working with Manuela Ramos. With the help of her loans from Manuela Ramos Irma has been able to expand her business, improve her home, and purchase many basic household items. Although Irma has health problems, she wants to continue working at her food cart at least until January in order to support one of her daughters through university. At that time she hopes her eldest daughter can take over most of the work so Irma can dedicate herself to a less strenuous job.


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Journal entries for Irma Coral Morales


Loan has been disbursed
 
Entrepreneur: Irma Coral Morales
Location: Pucallpa-ucayali, Peru

Thank you for your loan. It has been disbursed to Irma Coral Morales by Manuela Ramos / CrediMUJER in Peru. We are excited to watch this business grow. Over the 6 months of this loan, Manuela Ramos / CrediMUJER will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Pucallpa-ucayali, Peru
Jul 21, 2009
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Kiva Help Repayment Schedule for Irma Coral Morales

  Expected Repayments Actual Repayments Comments
September 2009 $83.33 $83.33 Repayment Received
October 2009 $83.33 $83.33 Repayment Received
November 2009 $83.33 $83.33 Repayment Received
December 2009 $83.33 $83.33 Repayment Received
January 2010 $83.33 Available Jan 1  
February 2010 $83.35 Available Feb 1