Lita


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Lita
Location: Pucallpa, Peru
Activity: Grocery Store

About the Loan

Loan Amount: $500.00
Loan Use: Increase her stock and improve her store-site
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:3.2750 PEN = 1 USD



Lita is 33 years old, and lives with her partner and her three children in their own house. She sells groceries and essential goods in a small space inside her home. She has been doing this for a year and relies on the support of her children who help her a lot. What she likes about her business is interacting with different people and building friendships with her neighbours, who are her main customers. Also, the business is profitable because she is the only person on her block who runs this sort of business and it is going very well. In the future, she'd like to have her own convenience store. This is her 4th loan with MFP, and with the money requested she will buy groceries, investing around 800 soles in this, and the rest will be used to expand and improve her business site in order to give her customers a warmer welcome.

Translated from Spanish by Katy Long, Kiva Volunteer


Lita tiene 33 años de edad, vive con su pareja y sus tres hijos en su casa propia. Se dedica a la venta de abarrotes y productos de primera necesidad en un pequeño ambiente dentro de su vivienda, esta actividad la viene realizando desde hace un año, y cuenta con la ayuda de sus hijos quienes la apoyan mucho. Lo que le gusta de su negocio es relacionarse con varias personas y hacer amistad con sus vecinos, quienes son sus principales clientes, además le es rentable porque en su cuadra es la única persona que cuenta con este tipo de negocio y le va muy bien. Posteriormente quiere llegar a tener su propio minimarket. Este es su 4to préstamo con MFP, y con el dinero solicitado comprará abarrotes, invertirá en ello la suma 800 soles, y el resto lo utilizará en la ampliación y ambientación del local de su negocio para dar una mejor acogida a sus clientes.

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Journal entries for Lita


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

Thank you for your loan. It has been disbursed to Lita 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 Lita

  Expected Repayments Actual Repayments Comments
May 2009 $53.91 $53.91 Repayment Received
June 2009 $56.13 $56.13 Repayment Received
July 2009 $59.52 $59.52 Repayment Received
August 2009 $60.47 $60.47 Repayment Received
September 2009 $63.78 $63.78 Repayment Received
October 2009 $66.62 $66.62 Repayment Received
November 2009 $68.43 $68.43 Repayment Received
December 2009 $71.14 $71.14 Repayment Received