Elena


Status: Paying Back

$500.00   Loan Amount
91% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Elena
Location: Chanchamayo, Peru
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $500.00
Loan Use: Increase the quantity of fruits to sell
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 13, 2008
Date Disbursed: Nov 24, 2008
Date Funded:Dec 16, 2008

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0917 PEN = 1 USD



Elena is 45 years old, married, and has 8 children, of whom 3 still live at home. Since she was very young she has worked on the farm in order to support and educate her children along with her husband. Today they have a fruit business using fruit they have grown on their farm. 10 years ago she proposed selling fruit and fruit products, sending large quantities to the wholesale market in the capital. Elena enjoys sales very much and above all now that she has a stable market to supply to, she is happy, and what is important is that this business generates considerable income which enables her to have a respectable life. For the moment she does not have any difficulties with her business, only every now and then when the prices lower does this affect her earnings. This is her 5th loan with Microfinanzas Primsa, and she doesn’t have any problems paying her payments punctually. With the money she will stock citrus fruits, as in the capital it is summer, so she wants to invest in buying more fruit.

Translated from Spanish by Cindy Kendall, Kiva Volunteer


Elena tiene 45 años de edad, es conviviente, tiene 8 hijos, de los cuales, viven con ella 3 de ellos. Desde muy joven trabajó en la chacra, para poder mantener y educar a sus hijos conjuntamente con su esposo, en esos tiempos negociaban las frutas que cosechaban en su misma chacra. Pero hace 10 años se propuso comprar fruta y junto a sus productos, enviar por grandes cantidades al mercado mayorista de la capital. A Elena le agrada mucho la venta y sobre todo ahora que tiene un mercado estable al cual abastecer, está feliz, y lo importante es que le genera ganancias considerables que le permiten llevar una vida decorosa, por el momento no tiene dificultades en su negocio, solo que de vez en cuando el precio cotizado baja, y esto afectan sus ganancias. Es su 5to préstamo con Microfinanzas Prisma, y no tiene problemas en pagar todas sus cuotas de forma puntual. Con el dinero solicitado se abastecerá de más frutos cítricos, ya que en la capital es tiempo de verano, por ello quiere invertir en la compra de más frutas.

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Journal entries for Elena


Loan has been disbursed
 
Entrepreneur: Elena
Location: Chanchamayo, Peru

Thank you for your loan. It has been disbursed to Elena by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 11 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Chanchamayo, Peru
Dec 17, 2008
Comment on this entry

Mejoró su trabajo.
 
Entrepreneur: Elena
Location: Chanchamayo, Peru

Gracias la crédito que le otorgaron a Elena, ella logrÓ aumentar su mercadería en naranjas y mandarinas para la temporada de verano y ahora se ha abastecido de plátanos. Es así que Elena logró aumentar sus ingresos a comparación de otros años y eso le tiene satisfecha. Elena esta muy agradecida con cada uno de ustedes por haberle otorgado el préstamo, ya que así pudo mejorar su trabajo por lo que ahora espera que su negocio sea autosostenible. Seguirá trabajando con mucho empeño y dedicación para que pueda acumular sus ingresos e invertirlos en su negocio a fin de mejorar su calidad de vida.


Posted by Betsabé Bruno Morales from Chanchamayo, Peru
Nov 5, 2009
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Kiva Help Repayment Schedule for Elena

  Expected Repayments Actual Repayments Comments
February 2009 $41.67 $41.67 Repayment Received
March 2009 $41.67 $41.67 Repayment Received
April 2009 $41.67 $41.67 Repayment Received
May 2009 $41.67 $41.67 Repayment Received
June 2009 $41.67 $41.66 Repayment Received
July 2009 $41.67 $41.67 Repayment Received
August 2009 $41.67 $41.67 Repayment Received
September 2009 $41.67 $41.68 Repayment Received
October 2009 $41.67 $41.67 Repayment Received
November 2009 $41.67 $41.67 Repayment Received
December 2009 $41.67 $41.67 Repayment Received
January 2010 $41.63 Available Jan 1