Jane Lucia Solano Velarde

Status: Paid Back

$125.00		Loan Request
$125.00		Paid Back

About the Entrepreneur

Name:	Jane Lucia Solano Velarde
Location:	El Agustino, Peru
Activity:	Bakery

About the Loan

Loan Amount:	$125.00
Loan Use:	Purchase of supplies for the preparation of bakery goods.
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Sep 24, 2008
Date Disbursed:	Oct 9, 2008
Date Funded:	Sep 25, 2008
Loan Ended:	Mar 16, 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)

Jane is 36 years old. For some time now she has sold empanadas and baked goods, which, along with various jobs she does for her neighbors, allow her to earn additional income.

Jane has two children, both of whom are in elementary school. At times Jane is forced to leave her two children at home alone due to work. This worries Jane greatly.

Previous loans which Jane has received were used to purchase supplies to use in the preparation of her empanadas and other baked goods.

Jane dreams of having her own bakery in her own home. This would allow the to be closer to her children and never have to leave them alone.

Translated from Spanish by Casey Unrein, Kiva Volunteer

Jane tiene 36 años. Desde hace algún tiempo se dedica a la venta de tortas y empanadas, a la vez, ella trabaja ayudando a sus vecinas haciendo trabajos diversos, lo cual le permite tener algunos ingresos extras.

Jane tiene dos hijos, que actualmente asisten al colegio. Algunas veces por el trabajo, Jane tiene que dejar solos en casa a sus pequeños hijos, y eso le preocupa mucho.

Los créditos que Jane ha recibido anteriormente le han ayudado a invertir en los insumos para la preparación de sus tortas y empandas.

A ella le gustaría tener un negocio de repostería en su casa, para así poder estar más cerca de sus hijos y no descuidarlos.

Lenders to this entrepreneur

Sue
Austin, TX
United States

Scott & Natalie
Saratoga Springs, UT
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Vidura Barrios
New York, NY
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Tjan Iwe
Sidoarjo, Jawa Timur
Indonesia

Allen
JERSEY CITY, NJ
United States

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Journal entries for Jane Lucia Solano Velarde

Loan has been disbursed Entrepreneur: Jane Lucia Solano Velarde Location: El Agustino, Peru Thank you for your loan. It has been disbursed to Jane Lucia Solano Velarde by EDAPROSPO in Peru. We are excited to watch this business grow. Over the next 4 months, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from El Agustino, Peru Oct 9, 2008
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Jane Lucia Solano Velarde Location: El Agustino, 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 Jane Lucia Solano Velarde

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	Expected Repayments	Actual Repayments	Comments
January 2009	$31.25	$31.25	Repayment Received
February 2009	$31.25	$31.25	Repayment Received
March 2009	$31.25	$31.25	Repayment Received
April 2009	$31.25	$31.25	Repayment Received