Consuelo


Status: Paid Back

$600.00   Loan Request
$600.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Consuelo
Location: Huancayo, Peru
Activity: Traveling Sales

About the Loan

Loan Amount: $600.00
Loan Use: Increase merchandise for her business so that with the profits she can open a fruit juice stand.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 3, 2008
Date Disbursed: Sep 2, 2008
Date Funded:Aug 19, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8405 PEN = 1 USD



Consuelo is a brave and strong woman. At 47 years of age, she is in charge of supporting her family. She takes great satisfaction in being alongside her 22 year old son who is in school. She supports him so that he can finish his university career. Consuelo sells all kinds of personal articles. When she has an opportunity to acquire merchandise at a low price that will allow to obtain future profits, she does not hesitate to do so. In this occasion she was able to acquire children’s backpacks and women’s purses. She sells her merchandise on the streets of Huancayo. Consuelo is starting another business which will be a fruit juice stand. She wishes to rent a stand and to buy the necessary equipment to make juices. At the present time she needs to increase the sale of her merchandise to obtain greater profits so she can continue on the road to establish her new business. For this reason she is requesting a loan which she will invest in the purchase of merchandise.

Translated from Spanish by Cindy M., Kiva Volunteer.



Consuelo es una mujer luchadora y valiente, a sus 47 años de vida, está pendiente del sostenimiento de su hogar, tiene la gran satisfacción de estar al lado de su hijo de 22 años que está estudiando, ella lo apoya para que pueda concluir su carrera universitaria. Consuelo vende todo tipo de artículos personales, si tiene la oportunidad de adquirir mercadería a un bajo precio que le permita obtener futuras ganancias, no duda en hacerlo, así como en esta ocasión pudo conseguir mochilas para niños y carteras para dama; vende de manera ambulante en las calles de Huancayo. Consuelo está iniciando otro negocio, que es el de una juguería, desea alquilar un local y comprar lo necesario para la elaboración de jugos. Pero, por el momento necesita incrementar la venta de su mercadería para obtener mejores ganancias y continuar dando pasos para su siguiente negocio. Para ello, solicita un préstamo que invertirá en la compra de mercadería.


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Journal entries for Consuelo


Loan has been disbursed
 
Entrepreneur: Consuelo
Location: Huancayo, Peru

Thank you for your loan. It has been disbursed to Consuelo by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the next 6 months, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Huancayo, Peru
Sep 3, 2008
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Kiva Help Repayment Schedule for Consuelo

  Expected Repayments Actual Repayments Comments
December 2008 $100.00 $100.00 Repayment Received
January 2009 $100.00 $100.00 Repayment Received
February 2009 $100.00 $100.00 Repayment Received
March 2009 $100.00 $100.00 Repayment Received
April 2009 $100.00 $100.00 Repayment Received
May 2009 $100.00 $100.00 Repayment Received