Yrma


Status: Paying Back

$950.00   Loan Amount
76% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Yrma
Location: Lima, Peru
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $950.00
Loan Use: To repair her restaurant's roof.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 18, 2009
Date Disbursed: Feb 25, 2009
Date Funded:Mar 18, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1950 PEN = 1 USD



Yrma is a hardworking woman and very dedicated to her work and to her family. She is mother of 3 children and together with her husband they acquired a home where they live and work at the same time. In the past, her life as a young mother limited from her activities, but she soon found a way to break through those limits and set up her home inside of a restaurant, where the family has been working for the past 20 years. She didn't have to leave her children, but quite the opposite, they were of great support to her, together working to make their business one of the best in their district. In addition, what was most attracted customers to this restaurant was Yrmas delicious cooking, and thanks to the great demand they were able to improve and expand their business. But with the passage of time it has been deteriorating and needs renovations. She dreams of having a restaurant that is well known and prestigious, and to attain that dream she needs significant investments, given that renovations are so costly. She contacted MFP (Kiva Field Partner) and they are helping her to make her dreams a reality and she hopes that with the passing years she will be a permanent client. Yrma has planned to invest 3000 soles in the roof renovations of her business. The poor state of the roof impedes adequate service and the ambiance that her clients deserve.




Translated from Spanish by Erika Lindig, Kiva Volunteer


Yrma es una mujer muy laboriosa y comprometida con su trabajo y con su familia, pues es madre de tres hijos y junto a su esposo adquirieron una cada donde viven y trabajan al mismo tiempo. En el pasado, su papel de joven madre la limitó a realizar algunas actividades, pero encontró la manera de romper los límites e instaló en su casa un restaurante, donde toda la familia trabaja desde hace 20 años y no tuvo que descuidar la atención de sus hijos, por el contrario, ellos fueron de gran apoyo, logrando juntos, que su negocio sea uno de los más concurridos en su distrito. Además, lo que atrajo a las personas a este restaurante fue la deliciosa sazón de Yrma, y gracias a la demanda pudieron mejorar y ampliar su local, el cual por el pasar de los años se ha ido deteriorando y necesita remodelaciones, pues desea tener un restaurante reconocido y prestigioso, y para conseguirlo requiere de mucha inversión pues las remodelaciones son muy costosas. El iniciar este crédito con MFP la está ayudando a hacer sus deseos realidad, y espera que con el trascurrir de los años pueda ser una cliente permanente. Yrma tiene proyectado invertir 3000 soles en la reparación del techo de su local, pues su mal estado perjudica el adecuado servicio y ambiente que sus clientes merecen.


About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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Journal entries for Yrma


Loan has been disbursed
 
Entrepreneur: Yrma
Location: Lima, Peru

Thank you for your loan. It has been disbursed to Yrma by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 10 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lima, Peru
Mar 19, 2009
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Mejorando el servicio de su restaurante.
 
Entrepreneur: Yrma
Location: Lima, Peru

Gracias al préstamo que le dieron, Yrma remodeló su restaurante con nuevas decoraciones motivando de esta manera captar la atención de las personas, siendo ahora sus asiduos clientes. El trabajo y dedicación de Yrma de complacer a sus comensales ha generado su concurrencia produciendo un negocio muy rentable y con buenas ganancias. Con el capital de trabajo que obtiene volverá invertirlo para mejorar el servicio y el ambiente de su restaurante. Yrma continuará con su trabajo haciéndolo con mucho empeño, asimismo también desea continuar trabajando en su banco Comunal, ya que encuentra el apoyo y motivación en los miembros que lo conforman, para salir adelante y cumplir con sus metas. Yrma muestra su agradecimiento a Microfinanzas PRISMA por la confianza de concederle el préstamo para que pueda desarrollar y mejorar su negocio.


Posted by Betsabé Bruno Morales from Lima, Peru
Sep 4, 2009
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Kiva Help Repayment Schedule for Yrma

  Expected Repayments Actual Repayments Comments
May 2009 $81.82 $81.82 Repayment Received
June 2009 $81.34 $81.34 Repayment Received
July 2009 $85.77 $85.77 Repayment Received
August 2009 $88.25 $88.25 Repayment Received
September 2009 $92.73 $92.73 Repayment Received
October 2009 $95.73 $95.73 Repayment Received
November 2009 $99.70 $99.70 Repayment Received
December 2009 $103.82 $103.82 Repayment Received
January 2010 $108.41 Available Jan 1  
February 2010 $112.43 Available Feb 1