Paula


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: Paula
Location: Huancayo, Peru
Activity: Embroidery

About the Loan

Loan Amount: $175.00
Loan Use: Purchase a semi-industrial sewing machine
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 4, 2009
Date Disbursed: Mar 9, 2009
Date Funded:Apr 4, 2009
Loan Ended:Nov 15, 2009

About the Country

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



Paula is 19 years old and lives in her parents’ home with her 3-year-old son.


She has embroidered tablecloths for 2 years. Her sewing machine, the main tool of her trade, allows her to do her work quickly. Paula is grateful to one of her friends for teaching her this craft.


Now she embroiders everyday and puts nice finishes on the aprons and tablecloths that her customers bring her. This work has provided her enough income to support her young son; Paula likes her work because it is relatively easy and, working from home, she is able to look after him.


In the future, she wants to expand her existing work and start dressmaking. She is requesting a loan through MFP for the first time and is very keen to start working together with the other members of her group so that they can all make progress.

She is requesting 500 soles to purchase a semi-industrial sewing machine.

Translated from Spanish by Carolyn McCaffrey, Kiva Volunteer


Paula tiene 19 años, vive en la casa de sus padres con su hijo de 3 años. Desde hace 2 años se dedica a realizar bordados de manteles, su principal herramienta de trabajo es su máquina de coser, que le permite avanzar su labor rápidamente, Paula agradece a una de sus amigas que le enseñó este oficio, y ahora ella todos los días se dedica a bordar y darle un lindo acabado a estos mandiles y manteles que le traen sus clientes. De esta manera puede obtener los ingresos suficientes para sostener a su pequeño hijo. A Paula le gusta realizar esta actividad porque es relativamente fácil y puede atender a su pequeño en casa. Para más adelante quiere seguir realizando estos trabajos pero en mayor cantidad, y también dedicarse a la confección de vestidos. Es la primera vez que viene solicitando un préstamo con MFP, y está muy entusiasmada de empezar un trabajo solidario para que ella y los demás integrantes de su grupo progresen. La cantidad requerida es para comprar una máquina bordadora semi industrial valorizada en 500 soles.

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Top Lending Teams for this entrepreneur


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Journal entries for Paula


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

Thank you for your loan. It has been disbursed to Paula by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 7 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 5, 2009
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Kiva Help Repayment Schedule for Paula

  Expected Repayments Actual Repayments Comments
June 2009 $24.85 $24.84 Repayment Received
July 2009 $24.85 $24.85 Repayment Received
August 2009 $24.85 $24.85 Repayment Received
September 2009 $24.85 $24.86 Repayment Received
October 2009 $24.85 $24.85 Repayment Received
November 2009 $24.85 $24.85 Repayment Received
December 2009 $25.90 $25.90 Repayment Received