Lucia


Status: Paying Back

$525.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Lucia
Location: Cusco, Peru
Activity: Home Products Sales

About the Loan

Loan Amount: $525.00
Loan Use: To buy more bedding products to sell
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 25, 2009
Date Disbursed: Oct 21, 2009
Date Funded:Oct 25, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8850 PEN = 1 USD



Lucia is 50 years old, single, and has three children and three grandchildren. She is a native of Cusco, Peru. Lucia is part of a communal bank consisting of 16 neighbors who live in Cusco. The group is called Santa Rosita de Lima, named after a virgin of Peru.


Lucia sells bedroom products, such as sheets, pillow cases, etc. that she buys from wholesalers in Cusco. She sells goods worth approximately 1,400 to 1,500 PEN each week, but the business is not steady. She will use her loan to buy more products to sell. Lucia appreciates and thanks you for the loan and promises to make the monthly payments on time.


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Journal entries for Lucia


Loan has been disbursed
 
Entrepreneur: Lucia
Location: Cusco, Peru

Thank you for your loan. It has been disbursed to Lucia by Asociación Arariwa in Peru. We are excited to watch this business grow. Over the 3 months of this loan, Asociación Arariwa will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Cusco, Peru
Oct 26, 2009
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Kiva Help Repayment Schedule for Lucia

  Expected Repayments Actual Repayments Comments
January 2010 $123.63 Available Jan 1  
February 2010 $128.58 Available Feb 1  
March 2010 $133.72 Available Mar 1  
April 2010 $139.07 Available Apr 1