Yolanda Porras Méndez


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: Yolanda Porras Méndez
Location: Ayacucho, Peru
Activity: Arts

About the Loan

Loan Amount: $700.00
Loan Use: With the $700 loan for which Yolanda is requesting, she will fund her jewelry business through buying larger quantities and varieties of jewelry from Lima.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 22, 2007
Date Disbursed: Nov 6, 2007
Date Funded:Oct 23, 2007
Loan Ended:Mar 6, 2008

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0110 PEN = 1 USD



Yolanda Porras Méndez belongs to the village bank “Cusi Urpi,” which is Quechua (native language) for “Happy Dove.”

To everyone who enters her home, a modest rented room in downtown Ayacucho, Yolanda gives a warm welcome and sample of the fresh honey she sells on a piece of bread. When Yolanda was a student at the university, she began to support herself through selling honey. Today, 28 years later, she is still selling honey by the kilo. Every weekend she drives to the nearby town of Huanta to buy her supply. In addition to selling honey, for the past 10 years Yolanda has been selling jewelry from her home. Three times each year she drives to Lima to buy beautiful earrings, bracelets, rings, necklaces, and broaches. She sells these to professionals, neighbors, friends, and also to brides preparing for weddings. But her business ventures aren’t limited to honey and jewelry.



She studied nursing at the university in Ayacucho and now works at the nearby technological institute supervising nursing students as they complete their practices. Although this is a full-time job, Yolanda is a single mother and it does not sufficiently provide for Yolanda’s two children, ages nine and six. In order to supplement her income and provide for her family’s needs, Yolanda has followed in the footsteps of her mother as an entrepreneur. In addition to these three commitments, Yolanda has just recently begun selling cookware through an international company to her friends and family. She says she is always looking for a new market and a new way to support her family.

One day, Yolanda hopes to open her own jewelry shop. It is very important to her that she is able to be independent in her businesses, and her village bank is helping her toward this goal. She appreciates her village bank because it has helped her establish her businesses with economic security. With the $700 loan for which Yolanda is requesting, she will fund her jewelry business through buying larger quantities and varieties of jewelry from Lima.


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Lenders to this entrepreneur

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Monica, Louie and Avery
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Good Dogg
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Emily's Family
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Maria
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Lawrence
Amherst, NY
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Michael
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Tim
Chertsey, Surrey
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kellie
Perth, Western Australia
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Maaike
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Jessica
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Cisco
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Mare
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Juliana
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busstopgirl
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Judith
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MalcGnome (Grami)
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Justin
Longview, TX
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Emily The Great
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Neta
Mississauga, Ontario
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Sam Snyder
Lawrence, KS
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anitra
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linda
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mario roberto
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johanna
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Journal entries for Yolanda Porras Méndez


Loan has been disbursed
 
Entrepreneur: Yolanda Porras Méndez
Location: Ayacucho, Peru

Thank you for your loan. It has been disbursed to Yolanda Porras Méndez by FINCA Peru in Peru. We are excited to watch this business grow. Over the next 4 - 10 months, FINCA Peru will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ayacucho, Peru
Nov 6, 2007
Comments (2)

Yolanda Porras Mendez
 
Entrepreneur: Yolanda Porras Méndez
Location: Ayacucho, Peru

Yolanda is the perfect hostess! She’s back at home on her lunch break from work, and does everything possible to make me feel at home- a cold glass of coke along with ‘canchitas’, a delicious Peruvian dried corn snack. She tidies up her one room home as we talk, unnecessarily embarrassed at the state of her home. I assure her it’s okay, she is a single mother raising two children and working three jobs! Still, she moves about, and tells me that business is going well. Her fulltime job supervising nursing students keeps her busy during the day, but it is also the perfect outlet for her jewelry sales. Many of her coworkers and students rely on her to bring them the latest trends in earrings, necklaces, and bracelets, which she imports from the U.S. as well as Peru’s capital, Lima. Yolanda is very grateful for her loans from her village bank that enable her to pursue businesses that provide an extra income for her family. She used her latest loan to purchase new styles of jewelry in bulk, as well as the fresh honey that she has been selling for nearly 30 years. Yolanda’s dream is to open up her own store where she could sell her jewelry. Yolanda sends me on my way with a baggie full of canchitas, looking tired but happy, and hopeful for the future.


Posted by Maren Misner from Ayacucho, Peru
Jan 31, 2008
Comments (3)

Kiva Help Repayment Schedule for Yolanda Porras Méndez

  Expected Repayments Actual Repayments Comments
February 2008 $175.00 $175.00 Repayment Received
March 2008 $175.00 $175.00 Repayment Received
April 2008 $175.00 $175.00 Repayment Received
May 2008 $175.00 $175.00 Repayment Received