Olinda Tuesta Paredes


Status: Paying Back

$350.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Olinda Tuesta Paredes
Location: Pucallpa-ucayali, Peru
Activity: Shoe Sales

About the Loan

Loan Amount: $350.00
Loan Use: to buy women's shoes to sell.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 4, 2009
Date Disbursed: Jul 24, 2009
Date Funded:Aug 9, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9700 PEN = 1 USD



SeƱora Olinda is seen in this photo with the small amount of merchandise she had left after a month of good sales. Olinda makes a living selling shoes made in the northern part of Peru. She lives in the city of Pucallpa, and travels from time to time to the coastal city of Trujillo to purchase her footwear.

Olinda is married and has four adult children. Her husband works as a laborer at Pucallpa's port. (Pucallpa lies along the Ucayali, a wide brown river that flows past the city and eventually joins the Amazon to the north).

Olinda has worked with Kiva partner Manuela Ramos for about one year and belongs to a communal bank known as Las Guerreras (The Warriors). Olinda invested her first loan of about $100 in clothing she could sell. This is how she began to develop as an independent businesswoman. Olinda plans to invest this new loan in women's shoes. She is grateful to Manuela Ramos for helping her develop her business, and is careful to request only loan amounts that she is confident she will be able to pay back on time. Olinda is also happy to be receiving credit from Manuela Ramos, because the organization provides loans easily, quickly and with few complications, unlike many other banks.

Olinda's goal is to continue to grow her business. She eventually hopes to have a small store from which she can sell her line of women's shoes.

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Journal entries for Olinda Tuesta Paredes


Loan has been disbursed
 
Entrepreneur: Olinda Tuesta Paredes
Location: Pucallpa-ucayali, Peru

Thank you for your loan. It has been disbursed to Olinda Tuesta Paredes 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
Aug 10, 2009
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Kiva Help Repayment Schedule for Olinda Tuesta Paredes

  Expected Repayments Actual Repayments Comments
October 2009 $58.33 $58.45 Repayment Received
November 2009 $58.34 $58.22 Repayment Received
December 2009 $58.33 $58.33 Repayment Received
January 2010 $58.34 Available Jan 1  
February 2010 $58.33 Available Feb 1  
March 2010 $58.33 Available Mar 1