Neiva Rodriguez

Status: Paid Back

$75.00		Loan Request
$75.00		Paid Back

About the Entrepreneur

Name:	Neiva Rodriguez
Location:	Carabayllo-lima, Peru
Activity:	Restaurant

About the Loan

Loan Amount:	$75.00
Loan Use:	To invest in restaurant
Repayment Term:	6 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Dec 15, 2008
Date Disbursed:	Nov 26, 2008
Date Funded:	Dec 16, 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. Neiva Rodriguez is a hardworking mother of four who owns her own restaurant in Carabayllo, a northern suburb of Lima, Peru. She is requesting a loan of 200 Soles to be repaid over four months in order to grow her restaurant's business a bit more.

Neiva is married with four children - ages 20, 18, 16, and 11 - and also works as the treasurer of her banquito ('little bank' lending group at EDAPROSPO). She started her business in the market, but after two years has now moved into a rented indoor space. She works from 5:30am to 4:00pm everyday selling breakfasts for 3.5 Soles and fixed menu lunches for 4.5 Soles.

Her dishes include ceviche de pollo (a twist on the classic ceviche which is raw fish soaked in lime juice and served with onions), spaghetti, aji de gallina [traditional Peruvian chicken stew in a spicy, nutty cheese sauce], and pollo a la cerveza [beer-cooked chicken]. She sells about 40 to 50 lunches a day and comes out with a daily profit of around 50 Soles. As she accumulates more capital and gains more experience, her dream is to study to become a chef (which is expensive in Lima, the culinary capital of South America) and learn how to cook international food.

Lenders to this entrepreneur

Terry
Toronto, Ontario
Canada

Kyle, Megan, and Olivia
South Riding, VA
United States

Journal entries for Neiva Rodriguez

Loan has been disbursed Entrepreneur: Neiva Rodriguez Location: Carabayllo-lima, Peru Thank you for your loan. It has been disbursed to Neiva Rodriguez by EDAPROSPO in Peru. We are excited to watch this business grow. Over the next 4 months, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Carabayllo-lima, Peru Dec 16, 2008
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Neiva Rodriguez 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 Neiva Rodriguez

Show Advanced

	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