Amelia Rosalina,

Status: Paid Back

$325.00		Loan Request
$325.00		Paid Back

About the Entrepreneur

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

Name:	Amelia Rosalina,
Location:	Location Undisclosed, Peru
Activity:	Grocery Store

About the Loan

Loan Amount:	$325.00
Loan Use:	To buy merchandise
Repayment Term:	5 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Mar 9, 2009
Date Disbursed:	Feb 20, 2009
Date Funded:	Mar 9, 2009
Loan Ended:	Jun 21, 2009

About the Field Partner

Field Partner:

EDAPROSPO

Field Partner Risk Rating:

(Learn more)

Active

22 months

1833

$543,900

2.57%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Peru
Avg Annual Income:	$6,715.00
Currency:	United States Dollars (USD)

Initially, when she started working, Amelia sold spices and condiments from a traveling cart. It took a long time before she had the opportunity to open her own small store in a new market near her home. Once she opened her grocery store, she changed her business focus from condiments to groceries. She has now had her business for eight years. In the future, she would like to have enough money to buy a mototaxi to lease out.

In her household, she is responsible for paying for the food while her husband is responsible for the rest of the household expenses.

Translated from Spanish by Laure Kwon, Kiva Volunteer

Al inicio, cuando recién empezó a trabajar, Amelia se dedicaba a vender especerías y condimentos en un puesto ambulante. Estuvo buen tiempo en ello hasta que tuvo la oportunidad de hacerse de un puesto propio en un mercado nuevo cerca de su casa. Una vez en su puesto de abarrotes cambió la venta de condimentos a la de abarrotes.
Hoy ya lleva ocho años en su negocio. Más adelante le gustaría tener el capital suficiente para comprar un mototaxi y alquilarlo.
En su hogar se encarga de cubrir los gastos de alimento, mientras que su esposo cubre los demás gastos de la casa.

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Journal entries for Amelia Rosalina,

Loan has been disbursed Entrepreneur: Amelia Rosalina, Location: Location Undisclosed, Peru Thank you for your loan. It has been disbursed to AMELIA ROSALINA, by EDAPROSPO in Peru. We are excited to watch this business grow. Over the 3 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: Amelia Rosalina, 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 Amelia Rosalina,

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2009	$108.33	$88.88	Repayment Received
June 2009	$108.33	$127.78	Repayment Received
July 2009	$108.34	$108.34	Repayment Received