Magdalena Pongo Vilcahuaman


Status: Paid Back

$1,150.00   Loan Request
$1,150.00   Paid Back

About the Entrepreneur

Name: Magdalena Pongo Vilcahuaman
Location: Huancayo, Peru
Activity: Shoe Sales

About the Loan

Loan Amount: $1,150.00
Loan Use: To buy leather and more tools for shoe making.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 23, 2008
Date Disbursed: Nov 7, 2008
Date Funded:Oct 24, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0602 PEN = 1 USD



Magdalena is 47-years old and is happily living with her husband and one of her daughters. For the last 12-years, she and her husband have dedicated themselves to the art of shoe making. At a very young age, her husband worked for a shoemaker and gained a lot of knowledge which he eventually used to start his own business. And from there, Magdalena learned to make shoes of all designs, using basic materials in leather for all shapes and sizes. Their shop, with the passage of time has been growing, and today they make about 100 pairs of shoes. With these years of working, Magdalena and her husband have managed to purchase the plot of land where their house is, put three kids through school with two of them now as professionals who are able to fend for themselves.


For Magdalena, she feels that she gets the most satisfaction performing her job for her family. Every weekend they go to the city of Ayacucho and Huanta to sell their shoes. Sometimes, for Magdalena it is very difficult when customers don’t repay their debt on time. Magdalena strives each day to succeed and to help her youngest daughter get a college education. She requests a loan to buy more leather and tools to make shoes and to increase their production. Magdalena’s great desire is to be an exporter of their products, for which they are preparing their youngest daughter to take up the challenge.

Translated from Spanish by Jenson Abraham, Kiva Volunteer


Magdalena tiene 47 años, vive muy feliz con su esposo y una de sus hijas. Por más de 12 años, ella y su esposo se han estado dedicando a la fabricación de zapatos, que cada vez es en mayor escala, su esposo desde muy joven trabajaba en una zapatería y todos estos conocimientos los volcó en su negocio, es de ahí que Magdalena aprendió a confeccionar zapatos de todo tipo de diseño, básicamente en material de cuero, en todas sus variedades y tallas. Su taller, con el paso de los años ha ido creciendo, hoy puede fabricar alrededor de 100 pares de zapatos, con estos años de trabajo, Magdalena y su esposo han logrado comprar su propio terreno para su casa, pudo educar a sus 3 hijos, dos de ellos ya son profesionales que pueden valerse por si mismos, por ello se siente muy satisfecha de este trabajo independiente que desempeñan en familia. Todos los fines de semana va a las ciudades de Ayacucho y Huanta para vender sus zapatos, a veces para ella, lo más difícil es cuando los clientes que sacaron al crédito no devuelven el dinero a tiempo. Magdalena se esfuerza para poder cada día superarse y ayudar a su última hija que está estudiando en la universidad. Solicita este préstamo, con el que podrá comprar más cuero e implementos para fabricar sus zapatos y hacer crecer su producción, el gran anhelo de Magdalena, es exportar lo que produce, para lo cual su última hija se está preparando con sus estudios para asumir ese reto.

Subscribe

Lenders to this entrepreneur

Julia
KivaFriends.org, Pasadena, CA
United States

Evan
Lubbock, Texas
United States

Richard
Pocatello, Idaho
United States

Jim
Libertyville, IL
United States

Laurent D
Brussels,
Belgium

Clara
Paris,
France

Laura
Cream Ridge, NJ
United States

Rowlands Family
mitchelton, Queensland
Australia

Melissa & Kyle
Toronto, Ontario
Canada

John
Toronto, Ontario
Canada

NumbNut
Goonellabah, NSW
Australia

Don and Cyndi
Santa Ana, CA
United States

Sally, Ross, CA
San Francisco, CA
United States

Ann
Sandwich, MA
United States

Speakers' Spotlight
Toronto, Ontario
Canada

Bairbre
Allentown, PA
United States

Mark
Kansas City, MO
United States

Ruben
Radal,
Norway

Joy
Vancouver, British Columbia
Canada

Markus Härnvi
Uppsala, --
Sweden

Ruth
Scarsdale, NY
United States

Ronald
Trenton, NJ
United States

Brian
Pleasanton, CA
United States

Gordon
Calgary, Alberta
Canada

William
Washington, DC
United States

Renay
Calgary, Alberta
Canada

Anonymous
New York, NY
United States

SAMCO International
Sunnyvale, CA
United States

Chris Baggott
Greenfield, IN
United States

Ellen
Lexington, KY
United States

AHMAD OMAR ANABTAWI
AMMAN,
Jordan

Wolfgang
Karlsruhe,
Germany

Peggy & Patty
Metairie, LA
United States

Chris&Teresa
Grand Rapids, MI
United States

Nick
Renton, WA
United States

Jill
Coronado, CA
United States

Martha
McDonough, GA
United States

Peter
State College, PA
United States

Kay
Columbia, MD KivaFriends.org
United States

Helaine & Jerry
West New York, NJ
United States



Top Lending Teams for this entrepreneur


Team Obama
Common Interest
3020 Members

KIVA Shopping Club
Clubs
84 Members

BRANDEMiX
Businesses
7 Members

Belgium
Local Area
235 Members

Team Europe
Local Area
1245 Members

Journal entries for Magdalena Pongo Vilcahuaman


Loan has been disbursed
 
Entrepreneur: Magdalena Pongo Vilcahuaman
Location: Huancayo, Peru

Thank you for your loan. It has been disbursed to Magdalena Pongo Vilcahuaman 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
Nov 8, 2008
Comment on this entry

Kiva Help Repayment Schedule for Magdalena Pongo Vilcahuaman

  Expected Repayments Actual Repayments Comments
February 2009 $191.67 $191.67 Repayment Received
March 2009 $191.67 $191.67 Repayment Received
April 2009 $191.67 $191.67 Repayment Received
May 2009 $191.67 $191.67 Repayment Received
June 2009 $191.67 $191.66 Repayment Received
July 2009 $191.65 $191.66 Repayment Received