Gloria


Status: Paying Back

$925.00   Loan Amount
0% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $925.00
Loan Use: To buy materials to make bricks
Repayment Term: 11 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Feb 21, 2009
Date Disbursed: Feb 5, 2009
Date Funded:Feb 21, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.2750 PEN = 1 USD



Gloria is 27 years old and lives in her mother's home. She has been making bricks in her own oven for the past two years. She started her business thanks to her parents who gave her land with clay soil perfect for making bricks. She is currently looking for buyers for her brick-making business, which is why her work entails advertising her product and finding suppliers. Thanks to this business, Gloria is financially independent and can pay her tuition. She plans to continue working in her enterprise and finishing her studies. This is her third loan with MFP. She is one of the most trusted members of her community bank and has always been punctual with her repayments. In addition she finds the group work very pleasant. She will invest the loan in buying sawdust and sand as well as in hiring people to help her in her enterprise.

Translated from Spanish by Laure Kwon, Kiva Volunteer


Gloria tiene 27 años, vive en la casa de su madre. Ella fabrica ladrillos en su propio horno desde hace 2 años, comenzó con este negocio gracias a sus padres, quienes le cedieron un terreno de suelo arcilloso óptimo para la fabricación de ladrillos. En la actualidad se encarga de buscar compradores para su producción de ladrillos, es por ello que su trabajo consiste en dar a conocer su producto y también buscar proveedores. Con esta actividad económica Gloria es independiente económicamente y puede solventar sus estudios, tiene planes de seguir trabajando en su fábrica y también concluir su carrera. Es la tercera vez que tiene un préstamo con MFP, ella es una de las personas de más confianza en su banco comunal y siempre ha sido puntual en sus pagos, además el trabajo que desempeña en su grupo es muy grato para ella. La cantidad que está solicitando la invertirá en la compra de aserrín y arena, además de contratar personal para que la ayude en su fábrica.

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Journal entries for Gloria


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

Thank you for your loan. It has been disbursed to Gloria by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 9 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
Feb 22, 2009
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Kiva Help Repayment Schedule for Gloria

  Expected Repayments Actual Repayments Comments
January 2010 $925.00 Available Jan 1