Margarita


Status: Paying Back

$325.00   Loan Amount
0% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $325.00
Loan Use: Increase merchandise
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 6, 2009
Date Disbursed: Oct 14, 2009
Date Funded:Nov 9, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9000 PEN = 1 USD



Margarita, 42, lives in her own house with her life partner and their three children. She adores them, and they are her motivation to get ahead.

For five years she has been selling beauty products and making rich “chocotejas” (chocolates). These are very popular in the winter and spring because the inclement cold makes people want to warm themselves by eating this rich sweet. Now that we are close to summer, Margarita is aware the demand for her chocotejas will go down. That is why she plans to buy more beauty products for her other business, which she likes as much as making chocolates.

Margarita has always worked and put much effort into what she does. That is why the business she devotes herself to is satisfactory. As she says, “If one devotes themselves well to their work, the work will respond in kind.”

This is her first loan with MFP with her new supportive group. She previously belonged to a different group. She now expects to be punctual like was with her previous loans. She will use the money she is now asking for to buy beauty products. That way she will get good income this summer.


Translated from Spanish by Ginny Kalish, Kiva Volunteer


Margarita tiene 42 años, vive en su casa propia con su pareja y sus tres hijos, los cuales son su adoración y motivo para salir adelante. Desde hace 5 años se dedica a la venta de productos de belleza y también a la elaboración de ricas “chocotejas” (chocolates), las cuales le resultan muy rentables en época de invierno y primavera, ya que el inclemente frío hace que la gente quiera calentarse comiendo este riquísimo dulce. Pero como ya que estamos próximos al verano, Margarita es conciente que la demanda de sus chocotejas bajará, es por ello que piensa invertir en la compra de más productos de belleza, su otro negocio, el cual le gusta tanto como la elaboración de los chocolates.
Margarita siempre ha trabajado y le ha puesto muchas ganas a lo que hace, es por ello que al negocio que se dedique le resultará satisfactorio, pues como ella dice: “si uno se dedica bien al trabajo, éste le corresponde”.

Este es su primer préstamo con MFP con su nuevo grupo solidario, ya que anteriormente perteneció a otro grupo y ahora espera ser tan puntual como lo fue con sus anteriores créditos. Con el dinero que ahora solicita comprará mayor cantidad de productos de belleza y así logrará buenos ingresos este verano.

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Journal entries for Margarita


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

Thank you for your loan. It has been disbursed to Margarita 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
Nov 10, 2009
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Kiva Help Repayment Schedule for Margarita

  Expected Repayments Actual Repayments Comments
January 2010 $54.17 Available Jan 1  
February 2010 $54.16 Available Feb 1  
March 2010 $54.17 Available Mar 1  
April 2010 $54.17 Available Apr 1  
May 2010 $54.16 Available May 1  
June 2010 $54.17 Available Jun 1