Nazario Guerrero Rivera

Status: Paid Back

$250.00		Loan Request
$250.00		Paid Back

About the Entrepreneur

Name:	Nazario Guerrero Rivera
Location:	Ventanilla, Peru
Activity:	Construction

About the Loan

Loan Amount:	$250.00
Loan Use:	To finish the construction on his home to work out of his house.
Repayment Term:	6 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Nov 5, 2008
Date Disbursed:	Nov 19, 2008
Date Funded:	Nov 5, 2008
Loan Ended:	Apr 15, 2009

About the Field Partner

Field Partner:

EDAPROSPO

Field Partner Risk Rating:

(Learn more)

Active

22 months

1823

$540,625

2.61%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Peru
Avg Annual Income:	$6,715.00
Currency:	United States Dollars (USD)

Mr. Nazario is 74-years old and has been working as a baker for 42-years. He barely makes enough money to support his children as witnessed in this picture. He does not have sufficient funds to raise a safe roof under which to live and sell his baked goods; currently he sells the baked good by tricycle and knows he’ll see sales and improve his health for this very noble business.

Mr. Nazario requests a loan for $700 soles to finish the construction on his home to create an atmosphere in pursuit of a certain level of prosperity, in general, for their quality of life.

Translated from Spanish by Jenson Abraham, Kiva Volunteer

Teniendo ya 74 años, el señor Nazario cuenta con un solo trabajo desde hace 42 años: panadero, que apenas le ha permitido subsistir con sus hijos y, como se aprecia en la imagen, aún le es insuficiente para poder financiar el levantamiento de un lugar seguro para vivir en su propio hogar y, específicamente, un ambiente adecuadamente implementado para poder vender sus panes bajo su techo y no en triciclo como lo hace actualmente, viendo beneficiados así, su estado de salud así como los ingresos para tan noble negocio.

Es así que el señor Nazario solicita la cantidad de 700 soles para poder terminar de construir dicho ambiente en su casa en pos de alcanzar cierta prosperidad en líneas generales para con su calidad de vida.

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Top Lending Teams for this entrepreneur

Kiva Philadelphia
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Journal entries for Nazario Guerrero Rivera

Loan has been disbursed Entrepreneur: Nazario Guerrero Rivera Location: Ventanilla, Peru Thank you for your loan. It has been disbursed to Nazario Guerrero Rivera 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 Ventanilla, Peru Nov 20, 2008
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Nazario Guerrero Rivera Location: Ventanilla, 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 Nazario Guerrero Rivera

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	Expected Repayments	Actual Repayments	Comments
February 2009	$62.50	$62.50	Repayment Received
March 2009	$62.50	$62.50	Repayment Received
April 2009	$62.50	$62.50	Repayment Received
May 2009	$62.50	$62.50	Repayment Received