Otilia


Status: Paying Back

$525.00   Loan Amount
15% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $525.00
Loan Use: Buy a freezer
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 24, 2009
Date Disbursed: Sep 16, 2009
Date Funded:Sep 26, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8808 PEN = 1 USD



Otilia is 54 years old and is dedicated and devoted to her family. She lives in her own home and her greatest wish is that her daughters reach their goals in their chosen professions. Her sells ice cream treats with the help of her oldest son, who brings the items from the city center to his mother's home, where she has four freezers and refrigerators. She then distributes the items to local stores. Her cheerfulness and ability to socialize have helped Otilia win new customers, making her business very successful, more so when she sells her items in school cafeterias, where there are more people. What she likes most about her job is that she is able to taste all the delicious flavors of ice cream that she sells. This is her favorite dessert. She has been doing this for fifteen years and considers the most difficult part to be transporting the merchandise, as she only has one means of transportation and she needs another in order to speed up her work. In the future she would like to be able to manufacture her own ice cream treats and not have to buy them in the city. She needs to prepare for this.

This is her fourteenth loan through "Microfinanzas PRISMA" and she knows that on-time payments are vital to the development and success of a communal bank. Otilia needs "1,500 PEN" ($525 US) in order to buy a freezer so that she can increase her inventories in order to satisfy her customers' demands, most of which are from schools.

Translated from Spanish by Hugo Reyes, Kiva Volunteer


Otilia tiene 54 años, es una mujer muy cumplida y comprometida con el desarrollo de su familia, vive en su casa propia y su mayor anhelo es que sus hijas logren sus metas como profesionales. La venta de helados es el trabajo al que se dedica, lo realiza con el apoyo de su hijo mayor, quien trasporta la mercadería desde el centro de la ciudad hasta la casa de su madre, donde tiene cuatro congeladoras y refrigeradoras, conservando los helados para luego distribuirlos en los mercados y tiendas de su localidad. Su gran habilidad de socialización y la alegría de Otilia le han ayudado a ganar clientes, resultándole muy rentable su negocio, más aún cuando vende en los cafetines de los centros de estudio, donde hay mayor concurrencia de personas. Lo que más le gusta de su trabajo es degustar los deliciosos sabores de helado que vende, siendo éste su postre favorito. Es por ello que más de 15 años viene realizando esta actividad y considera que la parte más difícil es trasladar su mercadería, ya que cuenta con una sola movilidad y requiere de otra para agilizar su trabajo. Para el futuro desea elaborar sus propios helados y dejar de comprarlos en la ciudad, por tanto tendrá que prepararse y capacitarse para ello.
Este es su catorceavo préstamo con Microfinanzas PRISMA, por tanto sabe que su puntualidad y cumplimiento de sus pagos son indispensables para el desarrollo de su banco comunal. Otilia necesita la cantidad de mil quinientos soles para comprar una congeladora, para que con ella pueda aumentar su mercadería y satisfacer la demanda de sus clientes, que en su mayoría se encuentran en los centros educativos.

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Journal entries for Otilia


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

Thank you for your loan. It has been disbursed to Otilia 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 Lima, Peru
Sep 28, 2009
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Kiva Help Repayment Schedule for Otilia

  Expected Repayments Actual Repayments Comments
December 2009 $79.05 $79.05 Repayment Received
January 2010 $80.43 Available Jan 1  
February 2010 $85.99 Available Feb 1  
March 2010 $88.86 Available Mar 1  
April 2010 $93.00 Available Apr 1  
May 2010 $97.67 Available May 1