Lucy


Status: Paid Back

$950.00   Loan Request
$950.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Lucy
Location: Pucallpa, Peru
Activity: Personal Products Sales

About the Loan

Loan Amount: $950.00
Loan Use: Purchase of more merchandise for sale
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 22, 2009
Date Disbursed: Feb 26, 2009
Date Funded:Mar 22, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1700 PEN = 1 USD



Lucy is a 56 year old single mother, and she lives with her only son, who is a student. She sells jewelry in a stall in a market near her home. She has been doing this for 3 years, and it's going so well for her that there's not a single day she doesn't go to work. She likes her work because it makes her feel useful and, above all, she gets to interact with many people. Besides, it is profitable for her because her articles or of good quality and she has the trust of her customers.



For the future, Lucy wants to move her business to her home and add sales of clothing and shoes. This is her 12th loan with MFP. Her communal bank is called "Mujeres Talentosas" (Talented Women) and she likes to work with her group because they always support each other in solidarity. She will invest the money she's asking for in the purchase of merchandise and her tickets for travel, because she always makes her purchases in another city where she can find better prices.

Translated from Spanish by Shaun Haines, Kiva Volunteer


Lucy es madre soltera, tiene 56 años de edad y vive con su único hijo que es estudiante. Se dedica a la venta de productos de pasamanería (adornos personales, aretes, collares, etc.) en un puesto de un mercado que se encuentra cerca de su casa. Esta actividad la viene ejerciendo desde hace 3 años y le va muy bien ya que no hay un día que deje de vender. Le gusta su trabajo porque le hace sentir útil y sobre todo se relaciona con muchas personas, además le es rentable porque los artículos que vende son de buena calidad y sus clientes confían mucho en ella. Para el futuro, Lucy quiere implementar su negocio en su casa y adicionar la venta de ropa y zapatos. Este es ya su 12avo préstamo con MFP. Su banco comunal se llama “Mujeres Talentosas”, y le gusta trabajar con su grupo porque siempre se apoyan entre todas y son solidarias. Invertirá la cantidad que solicita en la compra de productos, y de sus pasajes, porque ella compra su mercadería en otra ciudad donde puede obtenerla a un precio más barato.

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Journal entries for Lucy


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

Thank you for your loan. It has been disbursed to Lucy by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 6 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 23, 2009
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Kiva Help Repayment Schedule for Lucy

  Expected Repayments Actual Repayments Comments
May 2009 $144.79 $144.79 Repayment Received
June 2009 $147.11 $147.11 Repayment Received
July 2009 $155.18 $155.18 Repayment Received
August 2009 $162.07 $162.07 Repayment Received
September 2009 $166.94 $166.94 Repayment Received
October 2009 $173.91 $173.91 Repayment Received