Mercedes Vargas Souza


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

Name: Mercedes Vargas Souza
Location: Callería - Ucayali, Peru
Activity: Food Production/Sales

About the Loan

Loan Amount: $525.00
Loan Use: Purchase of provisions to prepare her meals.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 25, 2008
Date Disbursed: Feb 8, 2008
Date Funded:Jan 25, 2008
Loan Ended:Jul 8, 2008

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9500 PEN = 1 USD



Mercedes belongs to the Virgen de la Natividad communal bank, situated in the corner of Jr. Revolución and San Martín Nº 520 in the Calleria district in Ucayali. She is 54 years old, and is the mother of 5 children, all independent. Her husband is a teacher. Mercedes, with the first loan she received from Manuela Ramos for S/. 300, decided to invest in the sale of prepared meals.

Currently, she sells breakfasts and lunches in her front porch. She wakes up at 4 a.m. to go to the market to buy the provisions that she will need to prepare her meals. At 6 a.m., she is ready to tend to her clients who love her flavoring. In the afternoon she rests so that she can be energized for the following day.

With the loan of S/. 1,500, which she will repay in 5 months, she will purchase 1 sack of rice, 1 sack of sugar, 1 case of oil, 1 case of milk, vegetables, fruits, etc.

Mercedes is very happy, and she feels great because the meals she prepares have a strong following. She is very grateful to Manuela Ramos for all the support.

Translated from Spanish by Evelyn Garcia, Kiva Volunteer.



La señora Mercedes pertenece al banco comunal Virgen de la Natividad, ubicado en esquina del Jr. Revolución con San Martín Nº 520, distrito de Calleria, departamento de Ucayali. Tiene 54 años y es madre de 5 hijos, todos independientes, su esposo es profesor. Mercedes con el primer préstamo de S/. 300 que recibió de Manuela Ramos decide invertir en la venta de comida.

En la actualidad vende desayunos y almuerzos en la puerta de su domicilio. Se levantan a las 4.00 a.m. para ir al mercado a comprar sus víveres que va a necesitar para la preparación de sus comidas, a las 6.00 a.m. está lista para atender a sus clientes que gustan mucho de su sazón y en las tarde ella descansa para tener energías para el día siguiente.

Con el préstamo de S/. 1,500, el cual pagará en 5 meses, comprará 1 saco de arroz, 1 saco de azúcar, 1 caja de aceite, 1 caja de leche, verduras, frutas, etc.

Mercedes está muy feliz, se siente muy bien porque la comida que prepara tiene mucha acogida y está muy agradecida a Manuela Ramos por todo el apoyo .


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Journal entries for Mercedes Vargas Souza


Loan has been disbursed
 
Entrepreneur: Mercedes Vargas Souza
Location: Callería - Ucayali, Peru

Thank you for your loan. It has been disbursed to Mercedes Vargas Souza by Manuela Ramos / CrediMUJER in Peru. We are excited to watch this business grow. Over the next 5 months, Manuela Ramos / CrediMUJER will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Callería - Ucayali, Peru
Feb 8, 2008
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Kiva Help Repayment Schedule for Mercedes Vargas Souza

  Expected Repayments Actual Repayments Comments
May 2008 $105.00 $105.00 Repayment Received
June 2008 $105.00 $105.00 Repayment Received
July 2008 $105.00 $105.00 Repayment Received
August 2008 $105.00 $105.00 Repayment Received
September 2008 $105.00 $105.00 Repayment Received