Miriam

Status: Paid Back

$325.00		Loan Request
$325.00		Paid Back

About the Entrepreneur

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

Name:	Miriam
Location:	San Juan De Lurigancho-lima, Peru
Activity:	Bookstore

About the Loan

Loan Amount:	$325.00
Loan Use:	Set up her school supplies store as well as acquire products to sell to take advantage of the Christmas season.
Repayment Term:	6 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Nov 30, 2008
Date Disbursed:	Dec 24, 2008
Date Funded:	Dec 4, 2008
Loan Ended:	May 29, 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:	3.0917 PEN = 1 USD

Having spent the year setting up a school supplies store in her home, Mrs. Miriam, 43-years-old, has seen her business grow steadily. She lives with her husband and 3 children, aged 20, 13, and 12. Miriam’s greatest wish is to complete her shop, and stock it with everything necessary for the next school year. However, she knows that this is many months away, so she will opt to stock her shop with items for the Christmas season, such as toys, ice cream, panetones, and other items. At the same time, she knows how important it is to invest in these products.

In light of her situation, Mrs. Miriam needs a loan of 1000 soles, which will allow her the opportunity to continue achieving with respect to her basic needs, and in turn, her quality of life.

Translated from Spanish by Jill Heske, Kiva Volunteer

Con todo este año de implementada en su hogar una librería, la señora Miriam, de 43 años de edad, ha visto crecer su negocio de a pocos. Viviendo con su esposo y 3 hijos, de 20, 13 y 12 años, la señora Miriam anhela terminar de implementar su librería, dotarla de los productos necesarios para la próxima campaña escolar, sin embargo, sabe de los meses que aún restan para tal campaña, por lo cual optaría por adquirir productos alusivos a la campaña navideña para su librería, tales como juguetes, helados panetones, entre otras cosas. Y, por otro lado, es consciente de lo relevante que resulta la inversión a realizar en la compra de dichos productos.

Dada esta situación, la señora Miriam necesita de la suma de 1000 soles como préstamo, dinero que le brindaría la oportunidad de seguir escalando en cuanto a la satisfacción de sus necesidades básicas, por consiguiente, su calidad de vida.

Lenders to this entrepreneur

microfinance
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Heather
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Kenna
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Veronica
Toronto, Ontario
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Kate
Dallas, TX
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Barbara
ALBUQUERQUE, NM
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Elizabeth
Denver, CO
United States

Top Lending Teams for this entrepreneur

Microfinance Initiative at Bucknell
Colleges/Universities
31 Members

Green Chile Gals
Religious Congregations
2 Members

Journal entries for Miriam

Loan has been disbursed Entrepreneur: Miriam Location: San Juan De Lurigancho-lima, Peru Thank you for your loan. It has been disbursed to Miriam 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 San Juan De Lurigancho-lima, Peru Dec 24, 2008
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Miriam Location: San Juan De Lurigancho-lima, 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 Miriam

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	Expected Repayments	Actual Repayments	Comments
March 2009	$81.25	$81.25	Repayment Received
April 2009	$81.25	$162.50	Repayment Received
May 2009	$81.25	$0.00	Repayment Received
June 2009	$81.25	$81.25	Repayment Received