Elia


Status: Paying Back

$650.00   Loan Amount
87% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Elia
Location: Huancayo, Peru
Activity: Clothing Sales

About the Loan

Loan Amount: $650.00
Loan Use: Increasing stock
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 4, 2009
Date Disbursed: Mar 11, 2009
Date Funded:Apr 6, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1750 PEN = 1 USD



Elia is 29 years old and lives in a rented house with her husband and her 7 year-old son. She sells garments wholesale
and distributes them to different areas of the town and sometimes to other towns. Her workday consists of selling clothes in the morning and recovering outstanding payments. To supply her stock, she travels every 15 days to Lima to buy products wholesale. Her earnings, which she gets every week, depend on this.


Elia recognies that traveling and walking constantly is very tiring, but it has its rewards. In the future she wants to set up in a stall.


This is her second time borrowing with MFP. She wants to continue actively participating in her communal bank because she enjoys interacting with the other members of her group. She will invest the loan in buying more stock.


Translated from Spanish by Jennifer Chong, Kiva Volunteer


Elia tiene 29 años, vive en una casa arrendada con su esposa y su hijo de 7 años. Se dedica a la venta de prendas de vestir al por menor, repartiendo a distintos lugares de su localidad y en ocasiones viaja a otras ciudades aledañas. Su jornada de trabajo consiste en ofrecer la ropa por las mañanas y cobrar sus cuentas pendientes. Para abastecerse de mercadería viaja cada 15 días a la ciudad de Lima para comprar al por mayor, de esto depende sus ganancias, las cuales obtiene semanalmente. Elia reconoce que estar viajando y caminando constantemente es muy cansado, pero tiene sus recompensas. Para el futuro quiere establecerse en un puesto de ventas. Es la segunda vez que tiene un préstamo con MFP, desea seguir participando activamente en su banco comunal porque disfruta de relacionarse con cada integrante de su grupo. La cantidad que está solicitando la invertirá en la compra de más mercadería.

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Journal entries for Elia


Loan has been disbursed
 
Entrepreneur: Elia
Location: Huancayo, Peru

Thank you for your loan. It has been disbursed to Elia by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 8 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Huancayo, Peru
Apr 7, 2009
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Kiva Help Repayment Schedule for Elia

  Expected Repayments Actual Repayments Comments
June 2009 $81.25 $81.25 Repayment Received
July 2009 $81.25 $81.25 Repayment Received
August 2009 $81.25 $81.25 Repayment Received
September 2009 $81.25 $81.25 Repayment Received
October 2009 $81.25 $81.25 Repayment Received
November 2009 $81.25 $81.25 Repayment Received
December 2009 $81.25 $81.25 Repayment Received
January 2010 $81.25 Available Jan 1