Ruth


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Ruth
Location: Juliaca, Peru
Activity: Crafts

About the Loan

Loan Amount: $525.00
Loan Use: Purchase more pictures
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 8, 2009
Date Disbursed: Dec 15, 2008
Date Funded:Jan 8, 2009
Loan Ended:Jul 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



Ruth is 47 years old and lives alone because she is single. For 30 years she has sold pictures in the Tupac Amaru market - one of the most visited markets in Juliaca city - which brings in good income. Ruth likes her work because it is calm and without complication, and she can set her own hours. She usually starts at 8 in the morning and goes until 6 or 7 at night since those are the busiest hours. The difficult part of her job is dealing with the cold temperatures in her spot since the sun does not hit it. She has to put up with it and she overcomes the difficulty knowing that jobs always have some inconveniences. This is her eighth loan through Microfinanzas Prisma and she is very punctual with her payments. With the money she is requesting, she will purchase more pictures in Tacna or Lima to sell at her place and bring in better income.

Translated from Spanish by Kelly Wester, Kiva Volunteer


Ruth tiene 47 años, vive sola, ya que es soltera. Desde hace 30 años se dedica a la venta de cuadros en el mercado Tupac Amaru, uno de los más concurridos de la ciudad de Juliaca, arrojándole buenos ingresos económicos. A Ruth le gusta su trabajo, ya que trabaja tranquila, sin complicaciones y ella misma dispone de su tiempo, empezando usualmente a las 8 de la mañana hasta las 6 o 7 de la noche siendo estas horas las de más concurrencia. Lo difícil de su labor es el frío que hace en su puesto, ya que el sol no cae por ahí, teniendo que soportarlo, pero Ruth lo supera, sabiendo que siempre existen algunos inconvenientes en el trabajo. Ella se encuentra en su octavo préstamo con Microfinanzas Prisma, siendo muy puntual en los pagos. Con el dinero solicitado comprará mayor cantidad de cuadros en la ciudades de Tacna o Lima para venderlos en su puesto y así lograr mejores ingresos.

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Journal entries for Ruth


Loan has been disbursed
 
Entrepreneur: Ruth
Location: Juliaca, Peru

Thank you for your loan. It has been disbursed to Ruth by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 6 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Juliaca, Peru
Jan 9, 2009
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Kiva Help Repayment Schedule for Ruth

  Expected Repayments Actual Repayments Comments
March 2009 $87.61 $87.61 Repayment Received
April 2009 $87.61 $87.61 Repayment Received
May 2009 $87.61 $87.61 Repayment Received
June 2009 $87.61 $87.60 Repayment Received
July 2009 $87.61 $87.61 Repayment Received
August 2009 $86.95 $86.96 Repayment Received