Elena


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: Elena
Location: Huancayo, Peru
Activity: Manufacturing

About the Loan

Loan Amount: $650.00
Loan Use: Purchase a wood cutting machine.
Repayment Term: 10 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Jan 17, 2009
Date Disbursed: Jan 8, 2009
Date Funded:Jan 17, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1656 PEN = 1 USD



Elena is married, is 48 years old, and lives alone with her husband in their own house that they acquired recently. For two years, alongside her husband, she has worked in their small sawmill where they make all types of handles for instruments and tools such as picks, shovels, hammers, etc. Her work consists of looking for wood, principally eucalyptus, and on the weekends going to sell their work to the main tool stores. They also bring great quantities to the city of Lima every 15 days in order to obtain greater earnings. Elena is in charge of managing the shop and finding the customers who are owners of the shops. This is the second time that Elena is receiving a loan from MFP. For her, it is a great help to be part of her community bank because it allows her to socialize with the members of her group and also grow financially. The money that she is requesting is to purchase a wood cutting machine named a lathe and is valued at 1800 to 2000. Any money leftover will buy wood supplies.



Translated from Spanish by Kate Divjak, Kiva Volunteer


Elena es casada, tiene 48 años, solo vive con su esposo en su propia casa que adquirieron recientemente. Desde hace 2 años, junto a su esposo trabaja en su pequeño aserradero, donde elaboran todo tipo de mangos para instrumentos y herramientas; como picos, palas, martillos, etc. Su trabajo consiste en buscar la madera, que principalmente es el eucalipto, y los fines de semana van a repartir su producción a las principales tiendas de herramientas. También llevan grandes cantidades a la ciudad de Lima cada 15 días, para obtener mayores ganancias. Elena se encarga de la administración del taller, y es quien consigue a los clientes, que son los dueños de las tiendas. Es la segunda vez que Elena tiene un préstamo con MFP, para ella es una gran ayuda formar parte de su banco comunal, porque le permite socializar con los integrantes de su grupo y también crecer económicamente. El dinero que solicita es para comprar una máquina cortadora de madera llamada torno y está valorizada en 1800 a 2000, de sobrar una cantidad comprará madera para abastecerse.

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Journal entries for Elena


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

Thank you for your loan. It has been disbursed to Elena by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 8 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 18, 2009
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Compró la maquinaria que necesitaba y mejoró su taller
 
Entrepreneur: Elena
Location: Huancayo, Peru

Elena ha comprado un motor y una máquina torno que son maquinarias importantes para la implementación de su taller de carpintería.Ahora puede ofrecer mayor variedad de acabados en su negocio y muchos pedidos son hechos en base al gusto de la clientela, en la actualidad cambio de lugar su taller mudándose a su propia casa.Adquirir los préstamos a través de Microfinanzas PRISMA ha sido de gran utilidad en la implementación de su taller por lo que esta muy agradecida con todas aquellas personas que lo hicieron posible y que confiaron en ella.Elena se sigue proyectando al futuro, y esta vez piensa mejorar las instalaciones eléctricas de su taller, para ofrecer un servicio más moderno.


Posted by Betsabé Bruno Morales from Huancayo, Peru
Oct 2, 2009
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Kiva Help Repayment Schedule for Elena

  Expected Repayments Actual Repayments Comments
November 2009 $650.00 $650.00 Repayment Received