Teresa


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: Teresa
Location: Huancayo, Peru
Activity: General Store

About the Loan

Loan Amount: $325.00
Loan Use: To buy merchandise for her store
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



Teresa is 35 years old and lives with her husband and children. She has been selling flowers for more than 5 years, during which time she also opened her small store which she is currently expanding. Selling flowers is very profitable because she is located next to the cemetary, and the people who come visit buy flowers for their loved ones. Teresa has great sympathy for people, which is what attracts more clients to her and her store prospers. It is most difficult when no one visits, there are no sales and the flowers wilt, which is a loss but this does not damper Teresa's enthusiasm. This is her first loan with MFP, but she has shown herself to be very responsible with the community bank and with the financial institution. Using the loan, she will buy merchandise for her store in order to stock it with a greater variety of products.

Translated from Spanish by Laure Kwon, Kiva Volunteer


Teresa tiene 35 años, vive con su esposo y sus hijos. Se dedica a la venta de flores por más de 5 años, tiempo también en el cual abrió su pequeña tienda, que ahora está en pleno crecimiento. La venta de flores en muy favorable, debido a está ubicada junto al cementerio, y las personas que van de visita compran las flores para sus seres queridos. Teresa tiene una gran simpatía con la gente, esto hace que sus clientes aumenten y que su tienda siga adelante. Lo difícil es cuando no hay visitas, no hay venta y las flores se marchitan, es una pérdida, pero no es un factor que mengüe el entusiasmo de doña Teresa. Este es su primer crédito con MFP, pero se muestra muy comprometida con su banco comunal y con la institución. Con el dinero solicitado comprará mercadería para su tienda para surtirla con gran variedad de productos.

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Lenders to this entrepreneur

Anglophile Books
Lancaster, CA
United States

Trace
Solana Beach, CA
United States

Barry & Laura
Calgary, AB
Canada

jeffrey
plymouth, MN
United States



Journal entries for Teresa


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

Thank you for your loan. It has been disbursed to Teresa 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 Teresa

  Expected Repayments Actual Repayments Comments
August 2009 $325.00 $325.00 Repayment Received