Luisa


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: Luisa
Location: Huancayo, Peru
Activity: Bricks

About the Loan

Loan Amount: $925.00
Loan Use: Buy sawdust and pay her day workers.
Repayment Term: 11 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Feb 22, 2009
Date Disbursed: Feb 5, 2009
Date Funded:Feb 22, 2009

About the Country

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



Luisa is 49 years old and lives with her husband in their own home. She works in her own brick-making operation, which she acquired 2 years ago. It all began as a family project with the acquisition of a piece of land with clay dirt (material needed to make bricks), and the results were good so now she has given a piece of the land to each of her children so that they can have their own production. This does not affect her as there is a high demand for bricks. She currently produces up to 23,000 a month and has hired people to help her. Luisa pays them for each 1,000 bricks and spends all day supervising their work. She hopes to keep working because she wants to continue to improve the quality of her product. This is the third time she has had a loan with MFP. She is pleased to be part of the communal bank and will keep working responsibly for the well-being of everyone. The money she requests will be used to buy a truck-load of sawdust which will cost an average of 1,200 soles and another part will be used to pay her employees since their production will increase.

Translated from Spanish by Molly Puglisi, Kiva Volunteer


Luisa tiene 49 años, vive con su esposo en su casa propia. Ella trabaja en su fábrica de ladrillos, la cual obtuvo hace 2 años. Todo comenzó como un proyecto familiar, adquiriendo un terreno arcilloso (el material requerido para la fabricación de ladrillos), lo que le dio buenos resultados, ya que ahora ha repartido una parcela a cada uno de sus hijos, a fin de que cada uno tenga su propia fábrica. Esto no perjudica el mercado de Gloria, ya que existe una alta demanda en este rubro. Actualmente produce hasta 23 millares de ladrillos por mes, teniendo que contratar a personas que la ayuden, Luisa les paga por millar, y tiene que estar pendiente todo el día supervisando el trabajo. Su deseo es seguir trabajando porque quiere mejorar, cada vez más, la calidad de su producto. Es la tercera vez que tiene un préstamo con MFP, ella está muy contenta por ser parte de su banco comunal y seguirá trabajando con responsabilidad para el bienestar de todos. El dinero que solicita será usado en la compra de una camionada de aserrín que cuesta en promedio de 1200 soles y la otra parte la invertirá en el pago del jornal de sus empleados, ya que en esta ocasión aumentará su producción.

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Journal entries for Luisa


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

Thank you for your loan. It has been disbursed to Luisa 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 23, 2009
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Kiva Help Repayment Schedule for Luisa

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