Nelly


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: Nelly
Location: Pucallpa, Peru
Activity: Metal Shop

About the Loan

Loan Amount: $950.00
Loan Use: Purchase of metal to use in their shop
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



Nelly is 37 years old and lives with her husband and two children. The house where she lives belongs to her husband's parents, who currently live elsewhere. She and her husband make and sell carpentry items, such as "cancamos", which are iron fastenings that are used to join pieces of wood, and they also make cables, ropes, and other such items. They have been doing this for 25 years, and her husband is her business partner because he makes these things, which she then sells. In the future they would like to rent a stall in the market where they can distribute these materials and finished products successfully.



This is her 8th loan with MFP, and she likes to work with her communal bank because all the members are women and they are responsible and united. The amount she is asking for is to buy iron for her husband to continue making their products to sell, and with a smaller part of it she will invest in some home repairs.


Translated from Spanish by Shaun Haines, Kiva Volunteer


Nelly, de 37 años de edad, vive con su esposo y sus dos hijos. La casa donde vive es de los padres de su esposo, los mismos que se encuentra radicando en otro lugar. Ella y su esposo se dedican a fabricar y vender accesorios útiles para las carpinterías, como cancamos, que son ganchos de fierro que se usan para atrapar la madera, también elaboran cables, combas y otros objetos del mismo rubro. Llevan 25 años en esta actividad, su esposo es su compañero de trabajo porque es él quien fabrica estos materiales y Nelly los ofrece y vende. Posteriormente quieren alquilar un local donde puedan tener bien distribuido sus materiales y productos terminados. Este es su 8vo préstamo con MFP, y le gusta trabajar con su banco comunal porque todas sus integrantes son mujeres y son responsables y unidas. La cantidad que solicita es para la compra de fierros para que su esposo siga fabricando los materiales a vender y con un monto menor invertirá en el arreglo de algunas estructuras de su casa.

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Journal entries for Nelly


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

Thank you for your loan. It has been disbursed to Nelly 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 Nelly

  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