Soledad


Status: Paying Back

$425.00   Loan Amount
33% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Soledad
Location: Lima, Peru
Activity: Retail

About the Loan

Loan Amount: $425.00
Loan Use: 10 more comforters and sheets
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 19, 2009
Date Disbursed: Aug 14, 2009
Date Funded:Aug 19, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9400 PEN = 1 USD



Soledad is a member of the Purple Christ communal bank. She is 45 years-old, single, and has four children. Her two youngest children who are 28 and 14 years-old live with her the her youngest goes to school at the local public school.

Soledad works out of her house and has several different trades making sacks, weaving sweaters, making woodcrafts, and selling fabric. She began her business selling sheets and comforters with money borrowed from FINCA. Her neighborhood is dangerous and says she is constantly cautious. Her greatest enjoyment is spending time with her kids. She says FINCA has been a tremendous help to her economically and that she is learning the value of saving.

Soledad needs a loan for 1,200 soles to buy 10 more comforters and sheets. Her dream is to open a kindergarten for children on the land she has already bought.


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Journal entries for Soledad


Loan has been disbursed
 
Entrepreneur: Soledad
Location: Lima, Peru

Thank you for your loan. It has been disbursed to Soledad 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 Lima, Peru
Aug 20, 2009
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Kiva Help Repayment Schedule for Soledad

  Expected Repayments Actual Repayments Comments
November 2009 $70.83 $70.83 Repayment Received
December 2009 $70.84 $70.84 Repayment Received
January 2010 $70.83 Available Jan 1  
February 2010 $141.67 Available Feb 1  
March 2010 $70.83 Available Mar 1