Mercedes


Status: Paying Back

$350.00   Loan Amount
50% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Mercedes
Location: Ayacucho, Peru
Activity: Food Production/Sales

About the Loan

Loan Amount: $350.00
Loan Use: Buy corn and oil
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 17, 2009
Date Disbursed: Jul 31, 2009
Date Funded:Aug 17, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9300 PEN = 1 USD



Mercedes is a member of the Triunfadoras Community Bank. Mercerdes is 35, in a common law marriage, and has one child.

Mercedes sells corn “canchas” (toasted snacks made from grains) as a street vendor in the center of the city of Ayacucho. She does this with help from her daughter. Mercedes also sells sweets at the Patron Saints’ Festivals.

Mercedes needs a loan for 1,000 PEN to buy corn and oil.

Mercedes’ dreams are to buy a house and to have a house.


Translated from Spanish by Ginny Kalish, Kiva Volunteer


Mercedes es socia del Banco Comunal Triunfadoras.
Mercedes es conviviente, tiene 35 años y 1 hijos, Mercedes vende cancha de maíz (bocaditos de maíz) de manera ambulatoria en el centro de la ciudad de Ayacucho, actividad que realiza con la ayuda de su hija, además Mercedes vende golosinas en las fiestas patronales.
Mercedes necesita un préstamo de 1000 soles dinero que será invertido en la compra de maíz y aceite.
Los sueños de Mercedes son comprar una casa y tener una casa.

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Journal entries for Mercedes


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

Thank you for your loan. It has been disbursed to Mercedes 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 18, 2009
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Kiva Help Repayment Schedule for Mercedes

  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