Elberta


Status: Paid Back

$675.00   Loan Request
$675.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name and location be undisclosed)
Name: Elberta
Location: Location Undisclosed, Peru
Activity: Food Market

About the Loan

Loan Amount: $675.00
Loan Use: Buy rice, oil, pasta and sugar.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 6, 2008
Date Disbursed: Oct 20, 2008
Date Funded:Oct 6, 2008
Loan Ended:Mar 16, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9800 PEN = 1 USD



Elberta is a member of the Triunfo (Triumph) Communal Bank.


She is 53 years old and married with eight children. She has two stands in the central market of the city of Ayacucho, where she sells traditional local dishes. Her specialty is soups, which she prepares at night with the help of her daughter, a college student who helps her in her free time. Elberta also sells firewook from her home, which is laocted in the San Juan Bautista district.


Elberta needs a loan of 2000 soles, which she will use to buy rice, oil, pasta and sugar. She dreams of building a prettier home, of opening up a store in her house and for her children to grow up to be professionals.

Translated from Spanish by Cynthia McMurry, Kiva Volunteer


Elberta es socia del Banco Comunal Triunfo.
Elberta es casada, tiene 53 años y 8 hijos, Elberta tiene dos puestos en el mercado central de la ciudad de Ayacucho, donde vende comida típica, en especial los caldos que prepara durante la noche, actividad que realiza con la ayuda de su hija que es estudiante en la universidad y que en sus tiempos libres le apoya. Elberta además vende leña en su casa ubicado en el distrito de San Juan Bautista.


Elberta necesita un préstamo de 2000 soles dinero que será invertido en la compra de arroz, aceite, fideo, azúcar.
Elberta sueña con construir su casa mas bonita, abrir una tienda en su casa y que sus hijos sean profesionales.


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Journal entries for Elberta


Loan has been disbursed
 
Entrepreneur: Elberta
Location: Location Undisclosed, Peru

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


Posted by from Location Undisclosed, Peru
Oct 20, 2008
Comments (1)

Elberta's Kiva loan
 
Entrepreneur: Elberta
Location: Location Undisclosed, Peru

Elberta used her Kiva loan of 2000 soles to buy sacks of potatoes, salt, oil, pasta, and soap for her lunch stand at the F. Vivanco Market. She sales her sales are down lately; since the cost of basic foodstuffs has increased in recent months, she was forced to raise her own prices, and now has fewer clients each day. Still, sales did improve temporarily during the holiday season, she says.

Elberta has been a FINCA Peru client for 14 loan cycles now. “It’s been a big help,” she says, and loans have allowed her to buy a second food stand and make some home improvements.

Elberta works hard, and she says the work is very tiring. She comes to the market at 7am each day, and works until 3 or 4 in the afternoon. She works standing all day, and spends each evening preparing food for the next day. She says the work is very tiring.

Elberta is originally from Cusco, and moved to Ayacucho because her husband her husband is Ayacuchan, but he abandoned Elberta and her eight children years ago. “I’m father and mother to my children,” she says. Still, thanks to her hard work, her children are getting ahead in life. Three of them are now in college, while the other five are still in elementary and high school. Elberta hopes to send them to college, too.

Elberta has been saving up to build a new house on a plot of land she owns in the Leonpampa neighborhood of Ayacucho. Her goal for the future is to move into the house and open up a general store and chicken restaurant, because she thinks this will be less tiring than her current business.


Posted by Cynthia McMurry from Location Undisclosed, Peru
Jan 2, 2009
Comments (2)

Kiva Help Repayment Schedule for Elberta

  Expected Repayments Actual Repayments Comments
January 2009 $168.75 $168.75 Repayment Received
February 2009 $168.75 $168.75 Repayment Received
March 2009 $168.75 $168.75 Repayment Received
April 2009 $168.75 $168.75 Repayment Received