Elena Rita Peñaloza Moreno


Status: Paid Back

$725.00   Loan Request
$725.00   Paid Back

About the Entrepreneur

Name: Elena Rita Peñaloza Moreno
Location: Yunguyo-puno, Peru
Activity: Bicycle Sales

About the Loan

Loan Amount: $725.00
Loan Use: To buy bicycles in bulk/Compra de bicicletas al por mayor.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 4, 2008
Date Disbursed: Aug 19, 2008
Date Funded:Aug 5, 2008
Loan Ended:Jan 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8200 PEN = 1 USD



Since 1987 Elena Rita has been selling food, sweets and fruit in a school tuck shop at the Jose Galvez school. For 3 years she has been a member and the president of the group Banco Comunal Winay Marca where she had an initial credit of $300 new soles with which she bought fruit, sweets and biscuits which she sold at the school until 2007 when she retired. She now sells bicycles and rents out tricycles.


With this credit of $2000 new soles which she will repay in 4 months, she will buy 10 bicycles which she will sell in the markets of Yunguyo, Chacachaca, Huapaca and Llaquepa.


Elena is very grateful for the credit and she will repay it punctually. She has learnt to keep working, start new businesses and to grow financially. The vision that she has is to keep going with her business and to be able to buy a car.


She is 60 years old and she studied until the third grade of primary school. She married young and had 3 kids who are now professional and who also live in Yunguyo.

Translated from Spanish by Liz Harvey, Kiva Volunteer



La señora Elena Rita desde 1987 se dedico a la venta de comida, golosinas, frutas en la tienda escolar de la institución educativa José Gálvez; desde un inicio fue socia y presidenta durante tres años en el Banco Comunal Wiñay Marca, donde tuvo un crédito inicial de S/. 300.00 nuevos soles con lo que compro frutas, golosinas, galletas, preparo comida dentro de la institución. hasta el año 2007 fecha en que se retiro de ese negocio.
Actualmente se dedica a la venta de bicicletas y alquiler de triciclos.

Con este crédito de S/. 2,000.00 nuevos soles, el cual será cancelado en 4 meses, comprará 10 bicicletas aproximadamente, las cuales serán vendidas en la feria de Yunguyo, Chacachaca, Huapaca, Llaquepa.

Elena esta muy agradecida, por el crédito se le dio, el cual paga puntualmente; también por que aprendió ha seguir trabajando, emprender nuevos negocios, crecer económicamente.
La visión que tiene es seguir adelante con el negocio, asegurar su vejes con ese negocio y poder adquirir un carro.

Su edad 60 años, logro estudiar hasta tercero de secundaria, muy joven se caso y tuvo tres hijos quienes también ya tiene su familia y son profesionales, viven en el mismo Yunguyo.


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Journal entries for Elena Rita Peñaloza Moreno


Loan has been disbursed
 
Entrepreneur: Elena Rita Peñaloza Moreno
Location: Yunguyo-puno, Peru

Thank you for your loan. It has been disbursed to Elena Rita Peñaloza Moreno by Manuela Ramos / CrediMUJER in Peru. We are excited to watch this business grow. Over the next 4 months, Manuela Ramos / CrediMUJER will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Yunguyo-puno, Peru
Aug 19, 2008
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Kiva Help Repayment Schedule for Elena Rita Peñaloza Moreno

  Expected Repayments Actual Repayments Comments
November 2008 $181.25 $182.00 Repayment Received
December 2008 $181.25 $182.00 Repayment Received
January 2009 $181.25 $179.75 Repayment Received
February 2009 $181.25 $181.25 Repayment Received