Gladys


Status: Paying Back

$1,150.00   Loan Amount
0% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $1,150.00
Loan Use: Purchase of seeds and fertilizer
Repayment Term: 12 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Possible
Date Listed: Jul 10, 2009
Date Disbursed: Jun 12, 2009
Date Funded:Jul 11, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0450 PEN = 1 USD



Gladys is 44 years old, she lives with her brother and aging mother in the house they own. Since childhood she has dedicated herself to agricultural and livestock work. The house has a spacious stable where she and her brothers are in charge of the animals' cleaning and feeding. They also make sure they are free of parasitic infections.

After a month of intense work, they sell the animals in the livestock market and also rent out their bulls for ploughing during the planting season. The cattle farm brings them more income than farming the land does, thus Gladys is planning to expand the stable space in the future to be able to house more animals.

This is the sixth loan she has had with MFP; she is much loved by the other members of her community bank due to her charisma. In turn, she is committed to continuing her active participation in her group. The money that she is requesting will be used to purchase seeds and fertilizer to create more pasture that will serve to feed her cattle. It will also be invested in a new business to sell bricks.


Translated from Spanish by Vivian Lu, Kiva Volunteer


Gladys tiene 44 años, vive con su hermano y su anciana madre en su casa propia. Desde su niñez se dedica a las actividades agrícolas y ganaderas, tiene en su misma casa un amplio establo donde ella y sus hermanos se encargan de atender a los animales en la limpieza y alimentación, además cuidan de que estén desparasitados. Luego de un mes de trabajo intenso los venden en la feria ganadera y también arriendan sus toros para los arados en las épocas de siembra. La ganadería le trae mayores ganancias que el cultivo de la tierra, por lo que Gladys está planeando para más adelante ampliar el espacio de su establo para albergar a más animales. Esta es la sexta vez que tiene un préstamo con MFP, ella es muy querida por los demás integrantes de su banco comunal debido a su carisma. A su vez, se compromete a seguir adelante en la participación activa en su grupo. El dinero que está solicitando será destinado a la compra de semillas y abono para sembrar pastos que servirán de alimento para sus animales, también invertirá en un nuevo negocio que será la venta de ladrillos.

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Journal entries for Gladys


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

Thank you for your loan. It has been disbursed to Gladys 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
Jul 12, 2009
Comments (1)

Kiva Help Repayment Schedule for Gladys

  Expected Repayments Actual Repayments Comments
June 2010 $1,150.00 Available Jun 1