Elizabeth Teodora,

Status: Paid Back

$250.00		Loan Request
$250.00		Paid Back

About the Entrepreneur

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

Name:	Elizabeth Teodora,
Location:	Location Undisclosed, Peru
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$250.00
Loan Use:	Purchase food and supplies for business
Repayment Term:	6 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Mar 9, 2009
Date Disbursed:	Feb 19, 2009
Date Funded:	Mar 9, 2009
Loan Ended:	Jun 16, 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)

Elizabeth, a 31-year-old mother with a 5-year-old daughter, has been running a fast food business for a couple of years. Thanks to her mother, she was able to obtain her own house, where she and her family currently live, for her and her sisters. Because she had been selling fast food for around five years as a street vendor, she did not hesitate in setting up a restaurant in her own home as soon as she got it.

She only sells Chinese food and soup starting at 6pm for now. With her sister’s help, Elizabeth is moving the business forward with the idea that they will one day have enough capital to expand the business space.

She covers most of the household expenses because her husband does not have a steady job, so he is only able to earn income when he is employed.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer

A sus treinta y dos años y con una hija de cinco años, Elizabeth maneja un negocio de comida desde hace un par de años. Gracias a su mamá pudo obtener una casa propia para ella y sus hermanas, donde actualmente vive con su familia. Como llevaba alrededor de cinco años vendiendo comida en un puesto ambulante que tenia, cuando obtuvo la propiedad de su casa no dudó en ambientar un espacio para abrir su restaurante.
Por el momento solo vende comida china y caldos a partir de las seis de la tarde. Con la ayuda de su hermana lleva para adelante el negocio con la idea de que un futuro pueda tener el capital suficiente para agrandar el local.
Ella cubre la mayoría de los gastos de su casa, pues su esposo no tiene un trabajo estable y solo aporta económicamente en el hogar por temporadas de trabajo.
Compra de abarrotes e implementos para su negocio.

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Top Lending Teams for this entrepreneur

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Journal entries for Elizabeth Teodora,

Loan has been disbursed Entrepreneur: Elizabeth Teodora, Location: Location Undisclosed, Peru Thank you for your loan. It has been disbursed to ELIZABETH TEODORA, 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 Mar 10, 2009
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Elizabeth Teodora, 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 (30)

Repayment Schedule for Elizabeth Teodora,

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2009	$62.50	$58.92	Repayment Received
June 2009	$62.50	$66.08	Repayment Received
July 2009	$62.50	$125.00	Repayment Received
August 2009	$62.50	$0.00	Repayment Received