Magally


Status: Paying Back

$525.00   Loan Amount
16% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $525.00
Loan Use: to buy rice and sugar
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 9, 2009
Date Disbursed: Sep 24, 2009
Date Funded:Oct 19, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8710 PEN = 1 USD



Magally is a member of the communal bank "Las Margaritas." She is married, 38 years old and has 3 children. Magally has a stall in the Magdalena market where she sells food, an activity that she carries out from Monday to Friday.

Magally needs a loan of 1500 soles to purchase rice and sugar. She dreams of having her own house and having her children become professionals.

Translated from Spanish by Lisa Grobar, Kiva Volunteer


Magally es socia del Banco Comunal Las Margaritas.
Magally es casada, tiene 38 años y 3 hijos, Magally tiene un puesto en el mercado Magdalena en donde vende comida, actividad que realiza de lunes a viernes.
Magally necesita un préstamo de 1500 soles dinero que será invertido en la compra de arroz y azúcar.
Los sueños de Magally son tener una casa propia y que sus hijos sean profesionales.

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Journal entries for Magally


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

Thank you for your loan. It has been disbursed to Magally 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
Oct 20, 2009
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Kiva Help Repayment Schedule for Magally

  Expected Repayments Actual Repayments Comments
December 2009 $87.50 $87.50 Repayment Received
January 2010 $87.50 Available Jan 1  
February 2010 $87.50 Available Feb 1  
March 2010 $87.50 Available Mar 1  
April 2010 $87.50 Available Apr 1  
May 2010 $87.50 Available May 1