Rosa

Status: Paid Back

$275.00		Loan Request
$275.00		Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)

Name:	Rosa
Location:	Puente Piedra, Peru
Activity:	Home Products Sales

About the Loan

Loan Amount:	$275.00
Loan Use:	Invest in merchandise that will later be sold: home cleaning products.
Repayment Term:	6 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Nov 17, 2008
Date Disbursed:	Jan 2, 2009
Date Funded:	Nov 19, 2008
Loan Ended:	Mar 16, 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:	Peru Nuevos Soles (PEN)
Exchange Rate:	3.0943 PEN = 1 USD

Mrs Rosa, who is 33 years old, runs a family business selling home cleaning products. The job is highly demanding but provides the family’s means of support, which includes her 2 youngest sons, 1 of whom is about to start school and the other of whom is already studying. She also lives with her husband and father. Mrs Rosa is aware of the highly competitive nature of the field in which she works and of the importance in investing in large amounts of merchandise with the aim of reducing costs and increasing profits. In doing this, she anticipates a more respectable and prosperous quality of life for her family and 2 younger children who are her greatest concern and adoration. If Mrs Rosa is to increase her profits, which she intends to achieve by investing a substantial amount of money into buying merchandise, she will need a loan of 800 soles.

Translated from Spanish by Sara Roden-Scott, Kiva Volunteer

Con 33 años de edad, la señora Rosa es promotora en el rubro de artículos de limpieza para el hogar en un trabajo mancomunado con su familia. El trabajo es más que arduo pero es el sustento de su casa, de sus 2 menores hijos, 1 por entrar al colegio y el otro ya estudiando. En casa, convive con su esposo y papá. La señora Rosa es consciente de la gran competencia existente en el rubro y de lo importante que es el invertir en grandes cantidades de mercadería en aras de abaratar los costos e incrementar las ganancias, augurando así una calidad de vida más decente y próspera para su familia y para sus 2 menores hijos, quienes son su más grande preocupación y adoración.nnCon el ánimo de obtener más ganancias, que obtendría de poder invertir una suma importante en la compra de su mercadería, la señora Rosa necesita de un préstamo de 800 soles.n

Lenders to this entrepreneur

jao
Minnetonka, MN
United States

Harry van Schaik
Barneveld, Gelderland
Netherlands

Jane
Phoenix, AZ
United States

Chris & Sarah
Palmer, AK
United States

Anonymous

Luis
Mem Martins, Lisboa
Portugal

modwalls.com
Scotts Valley, CA
United States

Andrew
Pasadena, CA
United States

Robert
Hoboken, NJ
United States

Top Lending Teams for this entrepreneur

Action Foundation Team
Sports Groups
1 Member

Team Alaska
Alumni Groups
43 Members

Journal entries for Rosa

Loan has been disbursed Entrepreneur: Rosa Location: Puente Piedra, Peru Thank you for your loan. It has been disbursed to Rosa by EDAPROSPO in Peru. We are excited to watch this business grow. Over the 4 months of this loan, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Puente Piedra, Peru Jan 2, 2009
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Rosa 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 Rosa

Show Advanced

	Expected Repayments	Actual Repayments	Comments
April 2009	$68.75	$275.00	Repayment Received
May 2009	$68.75	$0.00	Repayment Received
June 2009	$68.75	$0.00	Repayment Received
July 2009	$68.75	$0.00	Repayment Received