Genara Sanchez


Status: Paid Back

$425.00   Loan Request
$425.00   Paid Back

About the Entrepreneur

Name: Genara Sanchez
Location: Ciudad Del Este, Paraguay
Activity: Grocery Store

About the Loan

Loan Amount: $425.00
Loan Use: To buy a refrigerator and freezer
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 22, 2008
Date Disbursed: Feb 5, 2008
Date Funded:Jan 22, 2008
Loan Ended:Aug 22, 2008

About the Country

Country:Paraguay
Avg Annual Income:$4,555.00
Currency:Paraguay Guarani (PYG)
Exchange Rate:4,706.5500 PYG = 1 USD



Genara Sanchez is a single mother who cares for her three-year-old daughter in a rented house. She provides for herself and her daughter by running a small grocery store near the house. She began this business with the help of funds given to her by her ex-boyfriend.

With the profits she has made along and with some savings she had, Genara now owns the store as an independent business woman. Genara is an entrepreneur with the future of her daughter in mind. In order to make her store more successful she needs to purchase a refrigerator to keep her goods, especially the meat products like sausage, in good condition. Without refrigeration the meat risks going bad in the extreme heat of Paraguay.

With the improvements to her business, she hopes it will one day lead to owning her own house and having the ability to send her daughter to school.

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Lenders to this entrepreneur

John & Sara
Decatur, AL
United States

Anonymous

Senorita Casablanca's
Wells, ME
United States

Geoff

Christmas Island

Yuri
Austin, TX
United States

Charles & Tina
Buffalo, NY
United States

Morgan
Charleston, SC
United States

Vic
Chico, CA
United States

Jon Markman
Ann Arbor, MI
United States

Kristi
Sidney, NE
United States

MIKE & DENISE
LADYSMITH, WI
United States

Brooke
Princeton, NJ
United States

Pam
Seattle, WA
United States

Michael & Laura
Brooklyn, NY
United States

Wayne & Betsy
Tullahoma, TN
United States



Journal entries for Genara Sanchez


Loan has been disbursed
 
Entrepreneur: Genara Sanchez
Location: Ciudad Del Este, Paraguay

Thank you for your loan. It has been disbursed to Genara Sanchez by Fundación Paraguaya in Paraguay. We are excited to watch this business grow. Over the next 7 months, Fundación Paraguaya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Denysse Figueredo from Ciudad Del Este, Paraguay
Jan 22, 2008
Comments (2)

Thanks to Kiva and Fundacion Paraguaya.
 
Entrepreneur: Genara Sanchez
Location: Ciudad Del Este, Paraguay

Genara Sanchez is extremely grateful to both KIVA and Fundacion Paraguaya for the opportunity to increase the sales in her Despensa (grocery store). The money provided by the lenders was essential for the purchase of the refrigerator that keeps some products such as meat and sausage in good condition. Since there is a huge demand of meat in Paraguay, sales increase steadily. Genara is very hopeful: “If this rise in sales continues, I could send my daughter to school” she said. That makes her work harder every day.


Posted by Denysse Figueredo from Ciudad Del Este, Paraguay
Apr 24, 2008
Comments (1)

Kiva Help Repayment Schedule for Genara Sanchez

  Expected Repayments Actual Repayments Comments
April 2008 $0.00 $61.00  
May 2008 $60.71 $61.00 Repayment Received
June 2008 $60.71 $61.00 Repayment Received
July 2008 $60.71 $61.00 Repayment Received
August 2008 $60.71 $61.00 Repayment Received
September 2008 $60.71 $61.00 Repayment Received
October 2008 $60.71 $59.00 Repayment Received
November 2008 $60.74 $0.00 Repayment Received