Maria Moreno De Acuña

Status: Paid Back

$650.00		Loan Request
$650.00		Paid Back

About the Entrepreneur

Name:	Maria Moreno De Acuña
Location:	Comas, Peru
Activity:	Grocery Store

About the Loan

Loan Amount:	$650.00
Loan Use:	Add merchandise for resale.
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Apr 23, 2008
Date Disbursed:	May 8, 2008
Date Funded:	Apr 24, 2008
Loan Ended:	Apr 15, 2009

About the Field Partner

Field Partner:

EDAPROSPO

Field Partner Risk Rating:

(Learn more)

Active

22 months

1823

$540,625

2.61%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

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

The general store that Maria runs everyday from morning to night has been in operation for a year. Before starting the store, she worked as a street vendor, selling sneakers. For six years, she made her way around different markets to sell them. Before that, she used to work in a commercial area until street vendors were forced out.

When her son suggested that she open a shop, she decided to stop selling shoes and, with her family's support, open a general store. Her son loaned her money and her daughters help her tend and manage the store. In the future, Maria would like to increase her sales and grow her business. Happily, she can count on the help of her daughters.

Translated from Spanish by Jere Wiseman, Kiva Volunteer

La bodega que María maneja a diario desde la mañana hasta la noche tiene un año de inaugurada. Antes de dedicarse a este negocio ella vendía zapatillas como ambulante. Durante seis años visito distintos mercados con tal de vender. Los años anteriores vendía en un centro comercial hasta que desalojaron a los ambulantes.

Una vez que su hijo le propuso abrir una tienda, ella se decidió por dejar la venta de zapatos y de inmediato, con el apoyo de su familia abrió la bodega. Su hijo le prestó el capital y sus hijas la ayudan con la atención de la bodega y el mantenimiento. Más adelante María quisiera aumentar sus ventas y crecer en su negocio, felizmente cuenta con la ayuda de sus hijas.

Lenders to this entrepreneur

Anonymous
Winnipeg, Manitoba
Canada

Karen
Barrington, IL
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Quizzoid
kivafriends.org, KS
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Crossroads
Ackworth, IA
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Aaron

George
Fairbanks, AK
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David
Wassaic, NY
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Anonymous
Napa, CA
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Peter
Ottawa, Ontario
Canada

Karl
Pittsburgh, PA
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Marcy and Andy
E. Wallingford, VT
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SIA @ MTSU
Murfreesboro, TN
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jon
Chatham, NJ
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Barry Milyovsky
New York, NY
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Joshua
Denver, CO
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Elliot
Winnipeg, Manitoba
Canada

Anonymous
Havelock Ontario, NM
United States

Journal entries for Maria Moreno De Acuña

Loan has been disbursed Entrepreneur: Maria Moreno De Acuña Location: Comas, Peru Thank you for your loan. It has been disbursed to Maria Moreno De Acuña by EDAPROSPO in Peru. We are excited to watch this business grow. Over the next 10 months, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Comas, Peru May 8, 2008
Comments (1)

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Maria Moreno De Acuña Location: Comas, 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 Maria Moreno De Acuña

Show Advanced

	Expected Repayments	Actual Repayments	Comments
August 2008	$65.00	$65.00	Repayment Received
September 2008	$65.00	$65.00	Repayment Received
October 2008	$65.00	$65.00	Repayment Received
November 2008	$65.00	$65.00	Repayment Received
December 2008	$65.00	$65.00	Repayment Received
January 2009	$65.00	$65.00	Repayment Received
February 2009	$65.00	$65.00	Repayment Received
March 2009	$65.00	$65.00	Repayment Received
April 2009	$65.00	$65.00	Repayment Received
May 2009	$65.00	$65.00	Repayment Received