Demesia

Status: Paid Back

$450.00		Loan Request
$450.00		Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name and location be undisclosed)

Name:	Demesia
Location:	Location Undisclosed, Peru
Activity:	Catering

About the Loan

Loan Amount:	$450.00
Loan Use:	To buy wholesale supplies for her business
Repayment Term:	6 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Jan 26, 2009
Date Disbursed:	Jan 14, 2009
Date Funded:	Jan 26, 2009
Loan Ended:	Jul 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:	United States Dollars (USD)

Demesia is a very hard-working person, and her aim is to be able to support and educate her six children. She has always found a way to earn a living working from whatever means have been available. Before working at the business she now runs, she sold groceries for one season and later vegetables. Seeing that the vegetable business was not profitable, it occurred to her to put a small restaurant in her house. For two years and with the help of her younger daughter, she has been offering 'caldo de gallina' (chicken soup) starting at 6 p.m. Little by little the business has been growing so that it's been possible to buy the necessary furniture to serve the customers well. Thanks to her work she takes care of the household food, her husband by her side, and keeps up with the home expenses. Within a few months she would like to open and inaugurate one more restaurant at another locale. Right now she is looking into how much this may cost.

Translated from Spanish by Diane Lister, Kiva Volunteer

Demesia es un apersona muy trabajadora, con el fin de poder mantener y educar a sus seis hijos ella siempre ha visto el modo de generar ingresos trabajando en lo que estaba a su alcance. Antes de dedicarse al negocio que actualmente maneja, ella vendió abarrotes por una temporada y luego verduras.

Como vio que el negocio de las verduras no era rentable, se le ocurrió poner un pequeño restaurante en su casa. Desde hace dos años que ella ofrece, con la ayuda de su menor hija, caldo de gallina a partir de las seis de la tarde. Poco a poco ha ido creciendo hasta poder comprar los muebles necesarios para atender bien a sus clientes.

Gracias a su trabajo ella vela por los alimentos en su casa, el esposo por su lado, mantiene los gastos propios del hogar. Dentro de unos meses ella quisiera abrir un local para inaugurar un restaurante más. Por ahora esta viendo como puede costearlo.

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Journal entries for Demesia

Loan has been disbursed Entrepreneur: Demesia Location: Location Undisclosed, Peru Thank you for your loan. It has been disbursed to Demesia by EDAPROSPO in Peru. We are excited to watch this business grow. Over the 4 months of this loan, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Location Undisclosed, Peru Jan 27, 2009
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Demesia Location: Location Undisclosed, 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 (4)

Repayment Schedule for Demesia

Show Advanced

	Expected Repayments	Actual Repayments	Comments
April 2009	$112.50	$204.55	Repayment Received
May 2009	$112.50	$20.45	Repayment Received
June 2009	$112.50	$112.49	Repayment Received
July 2009	$112.50	$8.86	Repayment Received
August 2009	$0.00	$103.65