Felix Jimenez

Status: Paid Back

$700.00		Loan Request
$700.00		Paid Back

About the Entrepreneur

Name:	Felix Jimenez
Location:	San Juan De Lurigancho-lima, Peru
Activity:	Services

About the Loan

Loan Amount:	$700.00
Loan Use:	To implement more modern equipment in his call shop
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Mar 6, 2008
Date Disbursed:	Mar 22, 2008
Date Funded:	Mar 8, 2008
Loan Ended:	Nov 16, 2008

About the Field Partner

Field Partner:

EDAPROSPO

Field Partner Risk Rating:

(Learn more)

Active

22 months

1833

$543,900

2.57%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Peru
Avg Annual Income:	$6,715.00
Currency:	United States Dollars (USD)

Felix's call shop recently marked its one year anniversary. However, this isn't the only business that he runs. He also has a restaurant that is progressing with the help of his wife and children.

With the idea of making the most of the success that call shops were having a year ago, and with the goal of giving his children more work, he decided to open this business. Nevertheless, the competition is a factor that he has to fight every day because currently there are two call shops on every corner of the district where Felix lives. This is why he would like to implement more modern equipment in his business.

Translated from Spanish by Tanya Harper, Kiva volunteer

El locutorio de Félix tiene recién un año en funcionamiento. Sin embargo, este no el único negocio que él maneja. A la par, tiene también un restaurante que con la ayuda de su esposa e hijos lo saca adelante.

Con la idea de aprovechar el éxito que tenían los locutorios hace un año y con el propósito de darles más trabajo a sus hijos, decidió abrir este negocio. No obstante, la competencia es un factor con el que debe lidiar diariamente ya que en la actualidad hay dos locutorios en cada esquina en el distrito donde Félix vive. Por esto, le gustaría implementar con equipos más modernos su local.

Lenders to this entrepreneur

Ryan

United States

Michiel
Amsterdam,
Netherlands

Raanan
Hertzeliya, Israel
Israel

c-stuff.com
Keene, NH
United States

Matthew
Portland, OR
United States

ojas
Pflugerville, TX
United States

dale& emily
Camrose, Alberta
Canada

Andres, Becky & Cosita
La Crescenta, CA
United States

Nicholas
New York, NY
United States

Journal entries for Felix Jimenez

Loan has been disbursed Entrepreneur: Felix Jimenez Location: San Juan De Lurigancho-lima, Peru Thank you for your loan. It has been disbursed to Felix Jimenez by EDAPROSPO in Peru. We are excited to watch this business grow. Over the next 7 months, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from San Juan De Lurigancho-lima, Peru Mar 22, 2008
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Felix Jimenez Location: San Juan De Lurigancho-lima, Peru During a routine audit of Field Partner EDAPROSPO, Kiva discovered a number of discrepancies between the information posted to the Kiva website and what actually occurred on the ground. Specifically, many loans uploaded to the website before December 2008 contain inaccurate loan amounts, terms and/or loan uses. This is in violation of Kiva policy, and as such, as soon as we were alerted to a possible violation we placed EDAPROSPO on "pause." After placing them on pause, Kiva proceeded to execute a complete verification of every loan EDAPROSPO posted to the Kiva website; in total we examined 757 loans. As a result of our audit, we have discovered that 52% of the loans posted to the Kiva website by field partner EDAPROSPO contain data inaccuracies. 98% of these inaccuracies pertain to loans posted to the Kiva website before December 2008, when EDAPROSPO was under a different management team. After significant management turnover at the end of 2008, almost all loans on the Kiva website contain complete and accurate information and these loans comprise only 2% of the total discovered inaccuracies. You are receiving this email as we wanted to alert you that, after our verification efforts, Kiva cannot confirm that the specific loan you funded was actually disbursed. We can, however, confirm that the person you lent to is an EDAPROSPO borrower. Because EDAPROSPO has decided to guarantee all loans made on Kiva, you have continued to receive repayments on schedule. Because the new management team has proven that they are committed to providing accurate and transparent information to the Kiva website, and because they have repaid almost all of the inaccurate loans on-time, Kiva has decided to re-open the Kiva-EDAPROSPO relationship. During this new "pilot" phase on Kiva, we will be working closely with the new EDAPROSPO team, including their internal and external auditors, to continually verify new EDAPROSPO loans posted to Kiva, and if we are alerted to any new inaccuracies we will pause their relationship with Kiva and follow-up accordingly. If you have any questions, please visit Kiva's Help Center at http://www.kiva.org/about/help.
Posted by Michelle May Kreger, Kiva Staff, from San Francisco, United States Jul 11, 2009
Comments (30)

Repayment Schedule for Felix Jimenez

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	Expected Repayments	Actual Repayments	Comments
June 2008	$100.00	$100.00	Repayment Received
July 2008	$100.00	$100.00	Repayment Received
August 2008	$100.00	$100.00	Repayment Received
September 2008	$100.00	$100.00	Repayment Received
October 2008	$100.00	$100.00	Repayment Received
November 2008	$100.00	$100.00	Repayment Received
December 2008	$100.00	$100.00	Repayment Received