Ines


Status: Paid Back

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

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Ines
Location: Huancayo, Peru
Activity: Transportation

About the Loan

Loan Amount: $1,150.00
Loan Use: Purchase spare parts and maintain vehicles
Repayment Term: 8 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Dec 17, 2008
Date Disbursed: Dec 11, 2008
Date Funded:Dec 17, 2008
Loan Ended:Jul 15, 2009

About the Country

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



Inés is 42 years old, married, and lives with her family, including her children and grandchildren. For ten years, she has rented out her vehicles to drivers on a daily basis. She previously worked as a farmer with her husband, and thanks to her success in that field, she was able to begin her current business.


Inés never ceases to be amazed at how much one can achieve through hard work and dedication. She tries to take good care of her property and does not squander the money that she earns, but manages it wisely. The hard part of her work is when the vehicles break down or are damaged and must have costly repairs.


This is her first loan with Kiva's partner MFP, and she has a great desire to be a regular customer of this microfinance institution. She will invest the loan in the purchase of spare parts and in the maintenance of her vehicles.

Translated from Spanish by Kris Vickery, Kiva Volunteer


Inés tiene 42 años, es casada, vive junto a sus familiares incluyendo hijos y nietos. Ella se dedica a administrar el alquiler de autos que posee, los cuales arrienda a los choferes por día, actividad que realiza por más de 10 años, iniciándose gracias al trabajo de agricultora junto a su esposo. Inés no deja de sorprenderse de todo lo que puede lograr con esfuerzo y dedicación, trata de cuidar al máximo sus bienes y no despilfarrar el dinero que tiene como ganancia, sino de administrarlo adecuadamente. Lo complicado es cuando los carros se malogran o sufren daños que hay que reparar, las cuales son muy costosas en las mecánicas. Este es su primer crédito con MFP, y tiene muchas ganas de ser una clienta constante de su IMF. El dinero solicitado se invertirá en la compra de repuestos y en el mantenimiento de sus carros.

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Journal entries for Ines


Loan has been disbursed
 
Entrepreneur: Ines
Location: Huancayo, Peru

Thank you for your loan. It has been disbursed to Ines by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 5 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Huancayo, Peru
Dec 18, 2008
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Kiva Help Repayment Schedule for Ines

  Expected Repayments Actual Repayments Comments
August 2009 $1,150.00 $1,150.00 Repayment Received