Elga


Status: Paying Back

$350.00   Loan Amount
0% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $350.00
Loan Use: Increase her inventory of beauty products & lingerie
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 24, 2009
Date Disbursed: Oct 14, 2009
Date Funded:Oct 24, 2009

About the Country

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



Elga is a cheerful person who is 38 years old and spends her life with her husband and their two children. Thanks to their efforts, her family owns their cozy home. Elga grew up in a household filled with love, which now transcends to her own family in which she tries to share everything her parents taught her. As a result, she adores her children and her husband and showers them with full affection.


Elga has been selling beauty products for the past 2 years. Due to her charismatic personality, she has become good in convincing people to buy her merchandise. In addition, she sells lingerie and offers her products to friends and relatives. Thanks to her vitality and attitude to strive for the best in everything she does, Elga has been able to generate good earnings. In the future, she would like to improve and expand her business. This would allows her to spend more time at home being a mother to her children, who serve as her inspiration.


This is Elga’s first loan with MFP. She tells us that, like her mother, she believes that responsibility is the most important quality. Therefore, she should not have any problems making payments on time. With the money she is requesting, she will improve her business by purchasing a large quantity of beauty products and lingerie so that she can increase her sales.

Translated from Spanish by Ronan Reodica, Kiva Volunteer


Elga es una persona muy alegre, tiene 38 años y comparte su vida con su esposo y sus dos hijos en su acogedora casa, la cual gracias a sus esfuerzos es propia. Ella ha sido educada en un hogar lleno de amor, lo cual ha trascendido actualmente, ya que ahora al conformar su propia familia les brinda todo lo que sus padres le enseñaron y dieron; es así que llena de cariño a sus hijos y esposo, quienes son su adoración. Ella se dedica desde hace dos años a la venta de productos de belleza, ya que tiene grandes cualidades para convencer a la gente, pues es muy carismática. Además de ello, vende lencería fina, la cual ofrece a sus amigas y parientes obteniendo buenos ingresos gracias a su vitalidad, pues cuando realiza su trabajo piensa que debe realizarlo de la mejor manera como todo lo que emprende.

En un futuro, Elga quiere mejorar y hacer crecer su negocio, ya que éste le permite dedicarse a su hogar y a sus hijos, además de estar cerca de su madre, de la cual siempre está pendiente ya que es su fuente de inspiración.

Este en su primer préstamo con MFP y nos dice que al igual que su madre, ella piensa que la responsabilidad es lo más importante así que no tiene problemas con la puntualidad en los pagos. Con el dinero que ahora solicita mejorará su negocio comprando mayor cantidad de productos de belleza y lencería para incrementar sus ventas.

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Journal entries for Elga


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

Thank you for your loan. It has been disbursed to Elga by Microfinanzas Prisma in Peru. We are excited to watch this business grow. Over the 6 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
Oct 25, 2009
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Kiva Help Repayment Schedule for Elga

  Expected Repayments Actual Repayments Comments
January 2010 $58.45 Available Jan 1  
February 2010 $58.45 Available Feb 1  
March 2010 $58.45 Available Mar 1  
April 2010 $58.45 Available Apr 1  
May 2010 $58.45 Available May 1  
June 2010 $57.75 Available Jun 1