Liz


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

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

About the Loan

Loan Amount: $650.00
Loan Use: Buying merchandise for her automotive business
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 8, 2009
Date Disbursed: Dec 19, 2008
Date Funded:Jan 10, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0915 PEN = 1 USD



Liz is 25 years old, married, and lives with her husband and two children. Since she learned her husband’s trade, she has been able to open a small store in a rented space, where she sells numerous spare parts for cars and motorcycles. Nowadays, Liz has more and more customers, so she needs to invest more money into her business. Her store is very profitable, thanks to a good, central location in an area with heavy traffic. For Liz, the hard part is getting more expensive parts. She’s on her third loan with MFP, and she has always been very responsible about payments and meetings. With the money she has requested, she’ll buy some of the more expensive parts that will increase her profits because of how difficult they are to find.

Translated from Spanish by Corinne Gilroy, Kiva Volunteer


Liz tiene 25 años, es casada, vive con su pareja y sus dos hijos. Desde que se casó aprendió el oficio de su esposo, gracias a ello abrió una pequeña tienda de repuestos en un local alquilado, donde vende gran cantidad de repuestos para automóviles y motos, ahora está incrementando sus clientes, por lo tanto, tiene que invertir mayor cantidad de dinero en el capital. Pero este negocio es muy rentable, gracias a la buena ubicación que tiene su local, ya que está en una de las zonas más frecuentadas por los choferes. Lo difícil es conseguir los repuestos muy costosos. Liz está en su tercer crédito con MFP, y siempre ha sido una mujer muy responsable con los pagos y las reuniones. Con el dinero solicitado comprará repuestos costosos que le ayuden a incrementar sus ganancias, ya que algunas de estas piezas son muy difíciles de encontrar.

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Journal entries for Liz


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

Thank you for your loan. It has been disbursed to Liz by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 7 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
Jan 11, 2009
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Kiva Help Repayment Schedule for Liz

  Expected Repayments Actual Repayments Comments
March 2009 $81.25 $81.25 Repayment Received
April 2009 $81.25 $81.25 Repayment Received
May 2009 $81.25 $81.25 Repayment Received
June 2009 $81.25 $81.25 Repayment Received
July 2009 $81.25 $0.00 Repayment Received
August 2009 $81.25 $162.50 Repayment Received
September 2009 $81.25 $81.25 Repayment Received
October 2009 $81.25 $81.25 Repayment Received