Evaristo

Status: Paid Back

$350.00		Loan Request
$350.00		Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)

Name:	Evaristo
Location:	Comas, Peru
Activity:	Traveling Sales

About the Loan

Loan Amount:	$350.00
Loan Use:	To stock more drinks to sell from home
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Apr 28, 2008
Date Disbursed:	May 16, 2008
Date Funded:	May 2, 2008
Loan Ended:	Jan 31, 2009

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)

At seventy two years old, Evaristo is still committed to working. He is retired in the eyes of the government following thirty years working in a textiles factory. However, he prefers to spend his time working rather than resting at home. This is why, for five years, in the mornings, he has been selling sweets from a wheelbarrow outside a school. He decided to go into this line of work as he already had some experience in the field. Before working in the textiles factory he worked for several other people selling sweets. Of course, he was selling from something a bit bigger than a wheelbarrow in those days. On the other hand, in his house he also sells fizzy drinks, as well as other types of soft drink. He plans to work as long as his health allows him to, which is why he is looking to invest more money into his business. Today Evaristo lives with his wife, and his children have all moved out of the family home and live independently.

Translated from Spanish by Lucy Williams, Kiva volunteer

A sus setenta y dos años de edad Evaristo es un hombre que aun se caracteriza por su empeño a la hora de trabajar. Él ya tiene el titulo del gobierno como jubilado gracias a su trabajo de casi treinta años en una fabrica de textil; sin embargo, él prefiere ocupar su tiempo trabajando en algo a quedarse descansado en su casa, es así que desde hace cinco años vende golosinas en un carretilla en los exteriores de un colegio por las mañanas. Se le ocurrió vender golosinas, puesto que ya había tenido experiencia en este negocio. Antes de trabajar en la fabrica textil contrató a un numero de personas para que vendan golosinas. En ese entonces contaba con más de una carretilla. Por otro lado, en su casa vende gaseosas y otras bebidas.
Tiene planeado trabajar hasta cuando la salud se lo permita, aun así el busca invertir más en este negocio. Actualmente Evaristo vive solo con su esposa, sus hijos ya son independientes.

Lenders to this entrepreneur

Kayti
Wilbur, WA
United States

Jessica and Pablo
Monrovia, CA
United States

Will and Marie
Grand Junction, CO
United States

Kiva Fund. Group,S/L
Aloft Island, Secondlife.com
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Neil
North Vancouver, BC
Canada

Jerabek B22
San Diego, California
United States

Denise
Seattle, WA
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Dawson
Chicago, IL
United States

Journal entries for Evaristo

Loan has been disbursed Entrepreneur: Evaristo Location: Comas, Peru Thank you for your loan. It has been disbursed to Evaristo 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 Comas, Peru May 16, 2008
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Evaristo 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 Evaristo

Show Advanced

	Expected Repayments	Actual Repayments	Comments
August 2008	$50.00	$50.00	Repayment Received
September 2008	$50.00	$50.00	Repayment Received
October 2008	$50.00	$50.00	Repayment Received
November 2008	$50.00	$50.00	Repayment Received
December 2008	$50.00	$50.00	Repayment Received
January 2009	$50.00	$50.00	Repayment Received
February 2009	$50.00	$50.00	Repayment Received