Loisith


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Loisith
Location: Pucallpa, Peru
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $625.00
Loan Use: Construction of a kiosk for her business
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 5, 2009
Date Disbursed: Feb 20, 2009
Date Funded:Mar 5, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.2700 PEN = 1 USD



Loisith is 23 years old, married and lives with her children and her husband in their own house. She sells all varieties of vegetables and regional fruits from a stall that she set-up outside her house. She has been doing this for the past two years, and she has already seen that the sale of these products is very profitable as people need to buy them in order to feed themselves. As a result, her husband sometimes helps her, as he is also a shop assistant. What Loisith likes about her work is that she is able to mix with all sorts of people and offer them a friendly service, which she thinks is the most important principle if you want to convert them into loyal customers. This tactic has given her very good results so the business is very profitable, thanks to the number of customers she has. This has helped her to meet the family's expenses. She wants to continue working hard so that in the future she can establish her own grocery store. Loisith has had 4 loans from MFP and likes working with her group as they are very united and collaborate between themselves. With the money of the loan she wants to commission the construction of a kiosk, which will cost her around 1000 soles, and she also wants to buy a larger quantity of vegetables and fruits, and she'll invest the rest of the money on this.

Translated from Spanish by Katy Long, Kiva Volunteer


Loisith de 23 años de edad, es casada, vive con sus hijos y su esposo, en su propia casa. Ella se dedica a la venta de verduras en todas sus variedades y frutas regionales en un puesto que puso afuera de su vivienda, ella de dedica a esta actividad desde hace 2 años atrás, ya que vió que la venta de estos productos es muy rentable ya que las personas lo requieren para alimentarse, es así que su esposo la ayuda de vez en cuando ya que el es un trabajador dependiente. Lo que le gusta a Loisith de su trabajo es que puede relacionarse con varias personas y brindarles un trato amable lo cual piensa es lo principal si quiere que se conviertan en sus fieles clientes, dándole su táctica muy buenos resultados ya que su negocio le es muy rentable, gracias a la cantidad de clientes que tiene, esto le ayuda a sostener sus gastos familiares, ella quiere seguir poniendole empeño a su trabajo paea posteriormente crecer y tener su propia tienda de abarrotes. Loisith tiene 4 préstamos en MFP y le gusta trabajar con su grupo, ya que son muy unidas y se colabroan entre sí. Con el dinero del préstamo ella quiere mandar a construir un kiosco en lo cual gastará un aproximado de 1000 soles, además quiere comprar mayor cantidad de verduras y frutas en lo cual invertirá el resto el dinero.

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Journal entries for Loisith


Loan has been disbursed
 
Entrepreneur: Loisith
Location: Pucallpa, Peru

Thank you for your loan. It has been disbursed to Loisith 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 Pucallpa, Peru
Mar 6, 2009
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Kiva Help Repayment Schedule for Loisith

  Expected Repayments Actual Repayments Comments
May 2009 $67.29 $67.29 Repayment Received
June 2009 $70.08 $70.07 Repayment Received
July 2009 $74.29 $74.29 Repayment Received
August 2009 $75.48 $75.48 Repayment Received
September 2009 $79.62 $79.63 Repayment Received
October 2009 $83.16 $83.16 Repayment Received
November 2009 $85.42 $85.42 Repayment Received
December 2009 $89.66 $89.66 Repayment Received