Lucrecia Angelica Olivares Mendez


Status: Paid Back

$250.00   Loan Request
$250.00   Paid Back

About the Entrepreneur

Name: Lucrecia Angelica Olivares Mendez
Location: Moche - Trujillo - La Libertad, Peru
Activity: Food Production/Sales

About the Loan

Loan Amount: $250.00
Loan Use: TO PURCHASE ITEMS WHOLESALE SUCH AS RICE, SUGAR, OIL AND SODAS TO STOCK HER SMALL SHOP, IMPROVE HER PROFITS BY SECURING BETTER PRICING, AND MOVE CLOSER TO HER GOAL OF EXPANDING HER BUSINESS.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 22, 2007
Date Disbursed: Jan 5, 2008
Date Funded:Dec 22, 2007
Loan Ended:May 5, 2008

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9786 PEN = 1 USD



Lucrecia Angelica is 47 years old and was only able to attend school up until her first year of high school. She has 4 children, 1 of them is still dependent on her. They live in the district of Moche in the Trujillo province.



Lucrecia used to sell small quantities of vegetables and grocery items in the market of Moche, but it was exhausting to carry the items back and forth every day. So she decided to start a business from her home. Her niece invited her to join the group called Mientras Tanto, and with the first loan she was able to stock her new business with sugar, noodles and rice. With this loan, which she will repay in 4 months, she will buy sacks of sugar, rice, oil, salt, and sodas from a wholesaler in Trujillo, getting better prices and increasing her profits. Lucrecia's goal is to expand her business.




La señora Lucrecia Angélica tiene 47 años de edad, estudió sólo hasta el primer grado de educación secundaria y tiene 4 hijos pero solo 1 depende de ella. Vive en el Distrito de Moche de la Provincia de Trujillo del Departamento de La Libertad.

Anteriormente la señora Lucrecia vendía en el mercado de Moche un poco de verduras y abarrotes pero era muy agotador llevar y traer los productos todos los días, por lo que decide empezar a vender en su casa. En ese momento una sobrina le invitó a ingresar al Grupo Mientras Tanto “Señor de la Piedad” y el primer préstamo que recibió de S/.300.00 soles le fue de gran utilidad porque con ellos pudo surtir su bodega comprando fideos, azúcar, arroz.
Con este préstamo de S/.700.00 soles, que cancelará en cuatro meses, comprará un saco de arroz, una bolsa de azúcar, un bidón de aceite, un paquete de sal y gaseosas en un mercado mayorista de Trujillo para conseguir mejores precios. Su mayor anhelo es ampliar su negocio.

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Lenders to this entrepreneur

Larry, Verona, and Noa
Vancouver, WA
United States

Don
San Jose, CA
United States

Anonymous

Bipasha
Montreal, QC
Canada

Sam Snyder
Lawrence, KS
United States

Odette
Gibsons, British Columbia
Canada

Daniel
Brussels,
Belgium

Jason Yip
Sydney, New South Wales
Australia

Russ & Ellen
Stockton, CA
United States

rusmeeha
Phoenix, AZ
United States



Journal entries for Lucrecia Angelica Olivares Mendez


Loan has been disbursed
 
Entrepreneur: Lucrecia Angelica Olivares Mendez
Location: Moche - Trujillo - La Libertad, Peru

Thank you for your loan. It has been disbursed to Lucrecia Angelica Olivares Mendez by Manuela Ramos / CrediMUJER in Peru. We are excited to watch this business grow. Over the next 4 months, Manuela Ramos / CrediMUJER will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Moche - Trujillo - La Libertad, Peru
Jan 5, 2008
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Kiva Help Repayment Schedule for Lucrecia Angelica Olivares Mendez

  Expected Repayments Actual Repayments Comments
April 2008 $62.50 $63.00 Repayment Received
May 2008 $62.50 $63.00 Repayment Received
June 2008 $62.50 $63.00 Repayment Received
July 2008 $62.50 $61.00 Repayment Received