Martha Ortiz Velázquez


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

Name: Martha Ortiz Velázquez
Location: Pucallpa-ucayali, Peru
Activity: Services

About the Loan

Loan Amount: $650.00
Loan Use: To purchase a weight machine
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 6, 2009
Date Disbursed: Dec 17, 2008
Date Funded:Jan 7, 2009
Loan Ended:May 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1355 PEN = 1 USD



Martha Ortiz Velazquez is 45 years old and is married to a body builder. All of her three children live with her even though two are adults and married. Martha and her husband own and operate a gym and a liquor store. They started Tawa Gym together nine years ago, and she says that the business has changed their lives.

Martha’s husband used to drink and smoke frequently when the family owned and operated only the liquor store. He was quite obese, Martha says, and one day he fell ill. The doctors told him that he wouldn’t live long if he didn’t change his lifestyle, eat more healthily, and exercise. And so he did and he loved working out. After a few years, Martha and her husband decided to open their own gym. Martha began to take out small business loans with the Talented Women communal bank four years ago. With her loans, Martha has been able to purchase different types of cardiovascular machines and dumbbells to equip the weight rooms.

Martha is now requesting 2,000 Nuevo Soles to purchase a weight machine for arm exercise. She will repay the loan in monthly installments over the course of four months.




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Journal entries for Martha Ortiz Velázquez


Loan has been disbursed
 
Entrepreneur: Martha Ortiz Velázquez
Location: Pucallpa-ucayali, Peru

Thank you for your loan. It has been disbursed to Martha Ortiz Velázquez by Manuela Ramos / CrediMUJER in Peru. We are excited to watch this business grow. Over the 4 months of this loan, Manuela Ramos / CrediMUJER will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Pucallpa-ucayali, Peru
Jan 8, 2009
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Kiva Help Repayment Schedule for Martha Ortiz Velázquez

  Expected Repayments Actual Repayments Comments
March 2009 $162.50 $162.50 Repayment Received
April 2009 $162.50 $162.50 Repayment Received
May 2009 $162.50 $162.50 Repayment Received
June 2009 $162.50 $162.50 Repayment Received