Liz


Status: Paying Back

$1,025.00   Loan Amount
30% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Liz
Location: Pucallpa, Peru
Activity: Cosmetics Sales

About the Loan

Loan Amount: $1,025.00
Loan Use: Increase merchandise
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 12, 2009
Date Disbursed: Aug 28, 2009
Date Funded:Oct 11, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9650 PEN = 1 USD



Liz is 29. She lives with her husband and their five year old daughter who is just beginning her education.

For two years Liz has been selling beauty products. She has a small display case in her house where she keeps and displays her cosmetics. She also sells purses, shoes, and jewelry. Liz likes to learn different sales techniques in order to convince her customers to buy her products. Therefore, her business is profitable.

Also, her husband runs a river tour agency from their house. Liz takes advantage of the opportunity to sell her cosmetics to the people who come to her husband’s business. They are generally wood merchants. Many times they immediately buy the products she has in stock.

This is her fourth loan with MFP. What she likes about working with her communal bank is that all of the members are responsible with their payments, and they are friends with each other. She will use the money she is asking for to buy more beauty products, shoes, purses, and materials to make jewelry.

Translated from Spanish by Ginny Kalish, Kiva Volunteer


Liz tiene 29 años, vive con su esposo y su hija de 5 añitos que cursa estudios iniciales. Desde hace 2 años se dedica a la venta de productos de belleza, cuenta con una pequeña vitrina dentro de su casa donde exhibe y guarda sus cosméticos. Adicionalmente, vende carteras, zapatos y joyas. A Liz le gusta aprender las diversas técnicas de venta para convencer a sus clientes de que le compren sus productos, por ello su negocio le es rentable. Además, como su esposo tiene una agencia fluvial que funciona en su casa, Liz aprovecha en ofrecer sus cosméticos a las personas que vienen al negocio de su esposo, generalmente comerciantes de madera, quienes muchas veces le compran de inmediato los productos que tiene en stock.
Este es su 4to crédito con MFP y lo que le gusta de trabajar con su banco comunal es que todos los integrantes son responsables en sus pagos y amigos entre sí. Con el dinero que solicita comprará más productos de belleza, zapatos, carteras y materiales para elaborar bisutería.

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Journal entries for Liz


Loan has been disbursed
 
Entrepreneur: Liz
Location: Pucallpa, Peru

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


Posted by from Pucallpa, Peru
Oct 12, 2009
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Kiva Help Repayment Schedule for Liz

  Expected Repayments Actual Repayments Comments
December 2009 $316.05 $316.05 Repayment Received
January 2010 $166.73 Available Jan 1  
February 2010 $173.63 Available Feb 1  
March 2010 $181.32 Available Mar 1  
April 2010 $187.27 Available Apr 1