Janet De La Cruz

Status: Paid Back

$75.00		Loan Request
$75.00		Paid Back

About the Entrepreneur

Name:	Janet De La Cruz
Location:	Carabayllo-lima, Peru
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$75.00
Loan Use:	To Buy More Product
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

Mrs. Janet de la Cruz is a married mother of two (ages 7 and 4) who sells mazamorra morada (a Peruvian breakfast dish) in her neighborhood in Carabayllo, a northern suburb of Lima, Peru. She is requesting a loan of 200 soles to be paid over 4 months in order to buy more ingredients for her mazamorra. She has been in the business for the past six months, selling two sizes of mazamorra for 50 centavos and 1 sole respectively from 3pm to 6pm every day. Her goal for the business is to expand it a little and use the profits to buy shoes and school supplies for her two children. Though she entered the business because she sometimes did not have any food when her children would ask her, she hopes to end her business career many years from now, with them becoming professionals and having better lives.

Lenders to this entrepreneur

Glen
Chatswood, New South Wales
Australia

Buchanan Family
www.kivafriends.org, Ramsey, NJ
United States

Liz
Nampa, ID
United States

Top Lending Teams for this entrepreneur

Australia
Local Area
1495 Members

Cooper Union
Colleges/Universities
19 Members

Journal entries for Janet De La Cruz

Loan has been disbursed Entrepreneur: Janet De La Cruz Location: Carabayllo-lima, Peru Thank you for your loan. It has been disbursed to Janet de la Cruz 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: Janet De La Cruz 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 Janet De La Cruz

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	Expected Repayments	Actual Repayments	Comments
February 2009	$18.75	$18.75	Repayment Received
March 2009	$18.75	$18.75	Repayment Received
April 2009	$18.75	$18.75	Repayment Received
May 2009	$18.75	$18.75	Repayment Received