Melchora


Status: Paying Back

$425.00   Loan Amount
50% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Melchora
Location: Ayacucho, Peru
Activity: Textiles

About the Loan

Loan Amount: $425.00
Loan Use: Buy wool and dyes
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 5, 2009
Date Disbursed: Jul 22, 2009
Date Funded:Aug 6, 2009

About the Country

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



Melchora is a member of the Buena Suerte ("Good Luck") Village Bank. She is 63 years old and is married with three children. She is an artisan, and weaves blankets and runners on her loom with the help of her workers. She sells her work in local markets and also to intermediaries, who bring the weavings to the city of Cusco.

Melchora needs a loan of 1200 soles to buy wool and dyes. Her dreams are to improve her business and educate her children.


Translated from Spanish by Cynthia McMurry, Kiva Volunteer


Melchora es socia del Banco Comunal Buena Suerte.
Melchora es casada, tiene 63 años y 3 hijos, Melchora es artesana y realiza tejidos en telar como pasadizos, frazadas, actividad que realiza con ayuda de empleados, sus productos los comercializa en los mercados locales y también lo vende a intermediarios que llevan a la ciudad de Cuzco.
Melchora necesita un préstamo de 1200 soles dinero que será invertido en la compra de lanas, tintes.
Los sueños de Melchora son mejorar su negocio y educar a sus hijos.


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Loan has been disbursed
 
Entrepreneur: Melchora
Location: Ayacucho, Peru

Thank you for your loan. It has been disbursed to Melchora by FINCA Peru in Peru. We are excited to watch this business grow. Over the 5 months of this loan, FINCA Peru will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ayacucho, Peru
Aug 7, 2009
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Kiva Help Repayment Schedule for Melchora

  Expected Repayments Actual Repayments Comments
October 2009 $70.83 $70.83 Repayment Received
November 2009 $70.84 $70.84 Repayment Received
December 2009 $70.83 $70.83 Repayment Received
January 2010 $70.83 Available Jan 1  
February 2010 $70.84 Available Feb 1  
March 2010 $70.83 Available Mar 1