Lourdes Conovilca Osores

Status: Paid Back

$150.00		Loan Request
$150.00		Paid Back

About the Entrepreneur

Name:	Lourdes Conovilca Osores
Location:	Carabayllo-lima, Peru
Activity:	Fruits & Vegetables

About the Loan

Loan Amount:	$150.00
Loan Use:	To Buy More Vegetables
Repayment Term:	6 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Dec 18, 2008
Date Disbursed:	Nov 26, 2008
Date Funded:	Dec 18, 2008
Loan Ended:	Apr 15, 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

Lourdes Conovilca is a loving mother and entrepreneur who sells vegetables in a market in Carabayllo, a northern suburb of Lima, Peru. She is requesting a loan, paid back over 4 months, of 500 soles to buy more vegetables to sell. She has been working for 10 years but is only a recent participant in microfinance; this will be her second loan with EDAPROSPO. Lourdes buys vegetables wholesale and sells them in the market from 4am to 10am every morning. With her current level of sales, she makes around 200 to 300 soles in profits a week. Her dreams rest on her two year-old son. In the short-term, she hopes to make enough to build her house and buy clothes for her son. Her life's dream, however, is to work hard enough that he won't have to work in the market like her but instead go to school and become a professional.

Lenders to this entrepreneur

A.J.
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Buchanan Family
www.kivafriends.org, Ramsey, NJ
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Francis
Montréal, Québec
Canada

Dan
Lincoln, NE
United States

Nell
Birkdale, Queensland
Australia

Dave
Williamsville, NY
United States

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Journal entries for Lourdes Conovilca Osores

Loan has been disbursed Entrepreneur: Lourdes Conovilca Osores Location: Carabayllo-lima, Peru Thank you for your loan. It has been disbursed to Lourdes Conovilca Osores 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 Carabayllo-lima, Peru Dec 19, 2008
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Lourdes Conovilca Osores Location: Carabayllo-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 Lourdes Conovilca Osores

Show Advanced

	Expected Repayments	Actual Repayments	Comments
February 2009	$37.50	$37.50	Repayment Received
March 2009	$37.50	$37.50	Repayment Received
April 2009	$37.50	$37.50	Repayment Received
May 2009	$37.50	$37.50	Repayment Received