Magna


Status: Paying Back

$1,150.00   Loan Amount
50% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $1,150.00
Loan Use: To buy newspapers and magazines.
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 12, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Sep 15, 2009

About the Country

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



Magna is a member of the Miraculous Maria village bank. She is 50 years-old and married. She has a son who is 15 years old and studies at a private school. Magna has a business selling newspapers and a motorcyle-taxi that she rents out.

Magna needs a new loan of 3400 soles to buy merchandise like newspapers and magazines. She is going to start a new newspapers stand in the neighborhood where she lives. She already hired someone to sell the newspapers. Her dream is to give the best education to her daughter.


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Top Lending Teams for this entrepreneur


Sweden
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Journal entries for Magna


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

Thank you for your loan. It has been disbursed to Magna by FINCA Peru in Peru. We are excited to watch this business grow. Over the 3 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
Sep 16, 2009
Comment on this entry

Kiva Help Repayment Schedule for Magna

  Expected Repayments Actual Repayments Comments
December 2009 $575.00 $575.00 Repayment Received
January 2010 $287.50 Available Jan 1  
February 2010 $287.50 Available Feb 1