Julia Estela Milla Martínez

Status: Paid Back

$250.00		Loan Request
$250.00		Paid Back

About the Entrepreneur

Name:	Julia Estela Milla Martínez
Location:	Puente Piedra, Peru
Activity:	Clothing Sales

About the Loan

Loan Amount:	$250.00
Loan Use:	To buy merchandise for the future Christmas and summer seasons
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Oct 24, 2008
Date Disbursed:	Nov 8, 2008
Date Funded:	Oct 25, 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)

Having returned to the business of selling catalog clothing a year ago, Señora Julia, 33, used to sell shoes but, because the retail prices are very dear, she decided to change to selling clothing. This line is going well for her, but she is aware that it would go much better if she had more capital to buy merchandise.

Señora Julia dreams of one day being able to return to the shoe business when she is sure of the adequate finances of her clients, with the much greater income that would result in raising her level of quality of life with her minor son and her husband. This is why she needs this loan of $250, to be able to buy the merchandise necessary for the next season, starting now to get ahead in life, full of youth and the desire to grow.

Translated from Spanish by Susan Sanford, Kiva Volunteer

Habiendo vuelto al negocio de la venta de ropa por catálogo hace un año, la señora Julia, de 33 años, se dedicaba a la venta de zapatos pero, al ser muy caros los precios para el público, decidió dejarlo y enrumbarse hacia la venta de ropa, rubro en el que le va bien pero es consciente de que pudiera irle mucho mejor en caso de contar con más capital para la compra de la mercadería. la señora Julia sueña algún día con poder volver al negocio de zapatos para lo cual asegura contar ya con la adecuada cartera de clientes, consiguiendo así mucho más ingresos y, por ende, elevar su nivel de calidad de vida junto con su menor hijo y esposo.

Es por ello que requiere de un préstamo de 700 soles y poder comprar mercadería necesaria para la próxima temporada de estos meses y emprender de ahora en adelante su vida, llena de juventud y ganas de crecer.

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Journal entries for Julia Estela Milla Martínez

Loan has been disbursed Entrepreneur: Julia Estela Milla Martínez Location: Puente Piedra, Peru Thank you for your loan. It has been disbursed to Julia Estela Milla Martínez 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 Puente Piedra, Peru Nov 8, 2008
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Julia Estela Milla Martínez Location: Puente Piedra, 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 Julia Estela Milla Martínez

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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