Paulina


Status: Paid Back

$175.00   Loan Request
$175.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Paulina
Location: Tarma, Peru
Activity: Knitting

About the Loan

Loan Amount: $175.00
Loan Use: Purchase of knitting materials
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 22, 2009
Date Disbursed: Mar 10, 2009
Date Funded:Mar 22, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1650 PEN = 1 USD



Paulina is 46 years old and has five children, two of whom no longer live at home. In her youth, her parents planted many hectares of citrus fruits and plantains, and Paulina got up at 4:00am every morning to prepare breakfast, because at 7:00am they were already working in the fields. Afterwards, she stayed in the house to cook, to later bring lunch to the fields, then staying to help with the farmwork.



These days, this particular arrangement only takes place in the harvest season, and the rest of her time she spends knitting in her house. With each of her creations she employs all her ingenuity and creativity, producing to the exact specifications of her customers. Paulina really likes to knit, and it's very profitable for her. With her business, she invests money in materials like spools of yarn of different colors, adornments, knitting templates, etc. For each garment, she earns between 5 and 8 soles, and this income allows her to take care of her basic necessities and household needs.



Paulina is a very happy client who is charge of getting smiles out of the rest of the members of her communal bank. This is her first loan with MFP, and she promises to make all her payments. The money she is asking for will be used to buy diverse materials for her work, and in this way she'll be able to knit more garments, and in many colors and models.

Translated from Spanish by Shaun Haines, Kiva Volunteer


Paulina tiene 46 años, tiene cinco hijos, de los cuales dos de ellos viven fuera. En su juventud, sus padres sembraban numerosas hectáreas de cítricos y plátanos, ella se levantaba a las 4.00am para preparar el desayuno, porque a las 7.00am ya estaban cultivando sus chacras, entonces se quedaba para cocinar y luego llevar los almuerzos a la chacra, quedándose a apoyar en los cultivos. Actualmente, esta dinámica de trabajo la realiza solo en épocas de cosecha, el resto de su tiempo lo ocupa realizando manualidades en su casa, para cada uno de sus tejidos emplea todo su ingenio y creatividad, produciendo de acuerdo a los pedidos de sus clientes. A Paulina le agrada mucho tejer, y le resulta más rentable; en este negocio invierte para la compra de los materiales como; conos de hilos de diversos colores, adornos, plantillas, etc., y por cada prenda gana entre 5 y 8 soles, estos ingresos le permiten aliviar sus necesidades básicas y urgentes de su casa. Paulina es una cliente muy alegre, es la encargada de arrancar las sonrisa de los demás integrantes de su banco comunal; este es su 1er préstamo con MFP, comprometiéndose a pagar todas las cuotas fijadas. El dinero solicitado lo empleará en la compra de materiales diversos para sus trabajos de manualidades, así podrá tejer más y con diversos colores y modelos.

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Journal entries for Paulina


Loan has been disbursed
 
Entrepreneur: Paulina
Location: Tarma, Peru

Thank you for your loan. It has been disbursed to Paulina by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 5 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tarma, Peru
Mar 23, 2009
Comment on this entry

Teje bolsos de mano.
 
Entrepreneur: Paulina
Location: Tarma, Peru

Gracias al crédito que le dieron, Paulina compró lanas y conos de hilos de diversos colores y modelos. Desde entonces teje maravillosas bolsitas de mano, ya que con los ovillos que utiliza da rienda suelta a su imaginación, tejiendo tapetes que adornan los muebles de la casa. De esta manera todo su diseño los vende a sus vecinas y amigas, permitiéndole acumular ganancias. Paulina esta muy contenta con el préstamo que le fue concedido ya que por medio de Microfinanzas PRISMA accedió al crédito, por lo que espera continuar contando con su aporte para futuros proyectos. Por el momento desea seguir trabajando y crear diversos tejidos para que más de uno compre su mercadería.


Posted by Betsabé Bruno Morales from Tarma, Peru
Sep 30, 2009
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Kiva Help Repayment Schedule for Paulina

  Expected Repayments Actual Repayments Comments
June 2009 $29.05 $29.04 Repayment Received
July 2009 $29.05 $29.05 Repayment Received
August 2009 $29.05 $29.05 Repayment Received
September 2009 $29.05 $29.06 Repayment Received
October 2009 $29.05 $29.05 Repayment Received
November 2009 $29.75 $29.75 Repayment Received