Maria


Status: Paying Back

$700.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Maria
Location: Lima, Peru
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $700.00
Loan Use: Expanding her inventory of merchandise
Repayment Term: 8 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Possible
Date Listed: Oct 27, 2009
Date Disbursed: Oct 21, 2009
Date Funded:Oct 27, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8600 PEN = 1 USD



María is a 40-year-old woman who is recognized in her community for the dedication and effort she brings to her work. Her aim in this is to provide her children with the support they need for their development.

For the past 8 years, she has operated a business selling vegetables, from a stand she acquired in her district's marketplace. She sells her products there, working together with her sister, with whom she shares the business, each making an effort to support the other.

What María enjoys most is serving her customers, since every day she has very pleasant conversations with some of them, making her work less tiring.

At the same time, María believes that the profitability of her business depends on keeping her stand stocked with a diversity of products that attract customers' attention, and above all, products of excellent quality.

Her plans for the future are to expand her business, adding a new stand within the market so that she can sell another category of food products.

This is María's ninth loan with PRISMA Microfinances, and she knows that her future with the organization will depend on her level of responsibility and the punctuality of her payments within the communal bank she belongs to. The funds she is requesting will be invested in buying a larger quantity of merchandise to increase her sales.

Translated from Spanish by Patricia Linderman, Kiva Volunteer


María es una mujer de 40 años, dentro de su localidad es reconocida por el empeño con el que realiza su trabajo, con el fin de brindar a sus hijos las comodidades necesarias para su desarrollo.

La venta de verduras es la actividad que realiza desde hace 8 años en el puesto que adquirió en el mercado de su distrito. Aquí vende trabajo junto a su hermana, con quien comparte el negocio, tratando de apoyarse una a la otra.
Lo que más le agrada a María es atender a sus clientas, pues cada día con alguna de ellas mantiene conversaciones muy amenas, logrando que su trabajo sea menos fatigado.
Por otro lado, María considera que la rentabilidad de su negocio está en mantener surtido su puesto con diversos productos que llamen la atención de las personas, y que sobre todo, sean de buena calidad.
Sus planes a futuro son de ampliar su negocio, instalando un nuevo puesto dentro del mercado para así vender otro rubro de productos comestibles.

Este es su noveno crédito con microfinanzas PRISMA y sabe que el tiempo que permanezca será gracias a su grado de responsabilidad y puntualidad con los pagos dentro del banco comunal del cual forma parte. Con el dinero que solicita invertirá en la compra de mayor cantidad de mercadería para incrementar sus ventas.

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Journal entries for Maria


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

Thank you for your loan. It has been disbursed to Maria 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 28, 2009
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Kiva Help Repayment Schedule for Maria

  Expected Repayments Actual Repayments Comments
June 2010 $700.00 Available Jun 1