Edelberto Quispe

Status: Paid Back

$600.00		Loan Request
$600.00		Paid Back

About the Entrepreneur

Name:	Edelberto Quispe
Location:	La Paz, Bolivia
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$600.00
Loan Use:	Investment capital.
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	May 3, 2007
Date Disbursed:	May 17, 2007
Date Funded:	May 3, 2007
Loan Ended:	May 17, 2008

About the Field Partner

Field Partner:

IMPRO

Field Partner Risk Rating:

(Learn more)

Active

31 months

1671

$827,875

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Bolivia
Avg Annual Income:	$2,817.00
Currency:	United States Dollars (USD)

Edelberto, his wife Rosa Paucara and their four dependent children live in Pasankeri on the west side of La Paz. Edelberto is a baker by profession and has been employed for 15 years in a bakery in Cotahuma, near their home. Out of his salary, he has saved enough start-up capital to buy ingredients for his own business like flour, sugar and shortening or lard. This loan will pay for a brick oven in his home so he can work independently. This is his first loan, but his background shows he can improve his income and repay the loan.

Translated from Spanish by Kiva volunteer Alexis Hult

Edelberto junto a su esposa Rosa Paucara, tienen cuatro hijos aun dependientes, viven en la zona de Pasankeri ladera oeste de la ciudad de La Paz. El señor Edelberto Quispe es de oficio panadero y trabaja como empleado hace quince años, en una panadería de la zona Cotahuma, próxima a su domicilio.

Con el sueldo que en la panificadora gana mensualmente, el señor Edelberto Quispe pudo ahorrar y comprar productos para la elaboración de pan (harina azúcar y manteca) que se constituye en capital de arranque de su propia panificadora.
El crédito solicitado irá destinado a la construcción de un horno de ladrillo que será construido en su domicilio, elaborar su propio producto y así poder independizarse
Es la primera vez que recurre a un préstamo, sin embargo el estudio socioeconómico muestra que pueden mejorar sus ingresos y cubrir el préstamo.

Lenders to this entrepreneur

Kelli

greg
Tucson, AZ
United States

Leo
's-Hertogenbosch,
Netherlands

Ken
Martin, Tennessee
United States

Vorderbrug Family
Hodag Territory, WI
United States

Lori
Canfield, OH
United States

Len
Toronto, Ontario
Canada

Procarione's
Black Earth, WI
United States

Journal entries for Edelberto Quispe

Loan has been disbursed Entrepreneur: Edelberto Quispe Location: La Paz, Bolivia Thank you for your loan. It has been disbursed to Edelberto Quispe by IMPRO in Bolivia. We are excited to watch this business grow. Over the next 12 - 18 months, IMPRO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from La Paz, Bolivia May 17, 2007
Comment on this entry

Update Entrepreneur: Edelberto Quispe Location: La Paz, Bolivia With the loan Edelberto bought the brick oven he needed and now he became a small business owner. He is still wotking at the bakery and his spare time ( after 3pm) he has been working real hard to create a niche for his business. The result: he is selling bread ( various types of it) to people in is neighborhhod and to some retail stores in the area. This is a good start, he says, and he hopes to grow slowly until the time comes to dedicate all his time to it and quit working at the bakery. For now, he is happy with the results.
Posted by Jose Jimenez from La Paz, Bolivia Aug 29, 2007
Comment on this entry

2nd update Entrepreneur: Edelberto Quispe Location: La Paz, Bolivia As of december 17th, Edelberto has made seven payments of $50 each, totalling $350. There are five more payments to go and the loan will be paid off. His new business is doing well. He has managed to get clients that became regulars and this new income is helping him a lot. After he finishes paying the loan, Edelberto indicates that he will probably apply for another loan to complete the structuring of his business. We certainly hope so.
Posted by Jose Jimenez from La Paz, Bolivia Dec 31, 2007
Comment on this entry

Update Entrepreneur: Edelberto Quispe Location: La Paz, Bolivia Edelberto´s new business had a agood start this year. The loan is 75% re paid and Edelberto is still thinking about apply for another loan to complete the structuring of his business.
Posted by Jose Jimenez from La Paz, Bolivia Mar 11, 2008
Comment on this entry

Update Entrepreneur: Edelberto Quispe Location: La Paz, Bolivia When we went to talk to Edelberto´s bakery he tryed to ive some free bread. We turned down his generous offert but he told us that he would feel bad if we don´t accept it. His business is going well because his products taste delicious and he knows how to gain people. The loan is 92% re paid. Edelberto couldn´t be more happier
Posted by Jose Jimenez from La Paz, Bolivia Apr 24, 2008
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Repayment Schedule for Edelberto Quispe

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	Expected Repayments	Actual Repayments	Comments
August 2007	$50.00	$50.00	Repayment Received
September 2007	$50.00	$50.00	Repayment Received
October 2007	$50.00	$50.00	Repayment Received
November 2007	$50.00	$50.00	Repayment Received
December 2007	$50.00	$50.00	Repayment Received
January 2008	$50.00	$50.00	Repayment Received
February 2008	$50.00	$50.00	Repayment Received
March 2008	$50.00	$50.00	Repayment Received
April 2008	$50.00	$50.00	Repayment Received
May 2008	$50.00	$50.00	Repayment Received
June 2008	$50.00	$50.00	Repayment Received
July 2008	$50.00	$50.00	Repayment Received