Journals

Elba decidió no invertir el préstamo en la elaboración de objetos artesanales, por lo que vio otro negocio más rentable y decidió comprar un triciclo y una pequeña parrilla para preparar anticuchos. Con este nuevo negocio sus ingresos económicos han mejorado notablemente y ahora tiene todo su tiempo ocupado, ya que por las mañanas sigue fabricando artesanías y por la noche sale a vender sus deliciosos anticuchos. Ella esta muy agradecida con las socias de su banco comunal, ya que sabe que la confianza que le brindaron ayudó mucho para que accediera un crédito y del que Microfinanzas PRISMA le ayudo a acceder a uno y con ello progresar en su trabajo y mejorar su economía. Con el tiempo Elba espera poner una tienda de tejidos artesanales y esta segura que con el ingreso de sus dos trabajos podrá pronto hacerlo realidad.

Con el préstamo que le concedieron ustedes a Edgar pudo comprar más lana de mejor calidad y de diversos colores con lo cual pudo darle a sus prendas acabado de calidad. Ahora su negocio es más concurrido que antes, ya que sus clientes tienen la oportunidad para observar más diseños de sus prendas y comprar la que más les agrade. Para Edgar sus socios del banco comunal fueron muy buenos con él y supieron darle el apoyo que necesitaba para su negocio es por ello que agradece a Microfinanzas PRISMA por el crédito que le otorgaron ya que sin ello no se hubiera desarrollado en su trabajo. Edgar espera juntar el dinero necesario para poner una tienda más grande de tejidos artesanales, donde pueda brindar un mejor servicio a sus clientes.

Con el préstamo que le brindaron cada uno de ustedes, Ana compró mercadería en diversas clases de bebidas para su tienda, sin embargo su plan de instalar una tienda se frustro debido a que no le alcanzo el suficiente capital para concretar tal objetivo. A pesar de todo tiene más clientela que antes ya que puede ofrecer la variedad de productos que tiene y eso le favorece ya que sus ganancias se duplican. Siente que la confianza que le brindaron las socias de su banco comunal fue muy favorable para continuar con su negocio, por tal motivo agradece a Microfinanzas PRISMA por haberle concedido el crédito. Ana todavía tiene las esperanzas de poner una tienda de abarrotes, ya que así logrará mejorar sus ingresos económicos.

Last year you helped fund a loan on Kiva to Julia Maria Vega, which was repaid in full in May. This journal update was written for her current loan (http://www.kiva.org/app.php?page=businesses&action=about&id=94581), but we thought you might be interested to read it too, since you supported Julia in the past. Earlier today we had the chance to check in with Julia and see how this pursuit has worked out for her.

Unfortunately, Julia was unable to use her loan as intended. Julia owns a pulpería - a sort of grocery store that offers a wide variety of products and is often run out of the front of the owner’s home - and the store is her source of income. When business is good in the pulpería, she can invest in something else, but when it is not so good she has to use her loan to buy the goods she sells. Otherwise, since sales are low, she wouldn’t be able to buy more items to sell, and if she can’t sell anything, she won’t be able to pay back her loan. As a result, Julia used the loan to purchase products to sell like rice, oil, and cosmetics. Despite the troubles she has been having with her business, Julia is optimistic because sales are always better around Christmastime, she told us. In general her most popular offerings are food products, especially chicken, rice, and oil.

On Monday, Julia will go to the branch of office of AFODENIC, Kiva’s field partner here in Managua, Nicaragua, to finish repaying her loan and to take out a new one. In fact, she signed some papers for her new loan today when we visited her. After opening her pulpería in 2001, Julia has been borrowing with AFODENIC for about six years, but in April she will begin receiving social security payments and will no longer take out loans, as she will use her pension for what she now uses loans to cover.

Julia lives with her son and his two sons, her grandsons, who are 5 and 11 years old. Both are in school. In the long run, Julia still aims to replace that front wall of her house. Check out the picture below to see Julia in her pulpería. The wall she would still like to improve is on the left side of the photograph. Thank you for reading this journal update.

To lend to another AFODENIC borrower: www.kiva.org/app.php?page=businesses&queryString=afodenic&status=fundRaising&gender=All§ors[]=All®ions[]=All&sortBy=Popularity

To learn more about AFODENIC: www.afodenic.com or www.kiva.org/about/aboutPartner?id=98

To join the “Amigos de AFODENIC” lending team: www.kiva.org/community/viewTeam?team_id=5971

In March, you helped fund a loan on Kiva to Julia Maria Vega, who requested a loan in order to purchase construction materials to replace her front wall, currently made of wood, with cement blocks. Earlier today we had the chance to check in with Julia and see how this pursuit has worked out for her.

Unfortunately, Julia was unable to use her loan as intended. Julia owns a pulpería - a sort of grocery store that offers a wide variety of products and is often run out of the front of the owner’s home - and the store is her source of income. When business is good in the pulpería, she can invest in something else, but when it is not so good she has to use her loan to buy the goods she sells. Otherwise, since sales are low, she wouldn’t be able to buy more items to sell, and if she can’t sell anything, she won’t be able to pay back her loan. As a result, Julia used the loan to purchase products to sell like rice, oil, and cosmetics. Despite the troubles she has been having with her business, Julia is optimistic because sales are always better around Christmastime, she told us. In general her most popular offerings are food products, especially chicken, rice, and oil.

On Monday, Julia will go to the branch of office of AFODENIC, Kiva’s field partner here in Managua, Nicaragua, to finish repaying her loan and to take out a new one. In fact, she signed some papers for her new loan today when we visited her. After opening her pulpería in 2001, Julia has been borrowing with AFODENIC for about six years, but in April she will begin receiving social security payments and will no longer take out loans, as she will use her pension for what she now uses loans to cover.

Julia lives with her son and his two sons, her grandsons, who are 5 and 11 years old. Both are in school. In the long run, Julia still aims to replace that front wall of her house. Check out the picture below to see Julia in her pulpería, next to the wall she would still like to improve. Thank you for reading this journal update.

To lend to another AFODENIC borrower: www.kiva.org/app.php?page=businesses&queryString=afodenic&status=fundRaising&gender=All§ors[]=All®ions[]=All&sortBy=Popularity

To learn more about AFODENIC: www.afodenic.com or www.kiva.org/about/aboutPartner?id=98

To join the “Amigos de AFODENIC” lending team: www.kiva.org/community/viewTeam?team_id=5971

Con el préstamo que le brindaron todos ustedes, Genoveva compró varios sacos de semilla de alverja, además de abono y fertilizantes para cuidar su tierra y darle el tratamiento respectivo para hacerla mas productiva. Esta muy satisfecha porque gracias al préstamo su situación se mantuvo estable y ha podido asegurar sus tierras para siembras futuras, eso le da seguridad y a su familia, ya que en esta parte del Perú muchas veces las cosechas corren ciertos riesgos por las plagas, y por el cambio del clima repentino. También dice que su banco comunal es muy integro y dan muchas gracias a Microfinanzas PRISMA por la confianza del crédito prestado que en todos los casos le ha ayudado a empezar un progreso inminente en la zona, ya que casi todos los agricultores se despiertan cada día con la esperanza de mejorar aun más. Para el futuro quisiera sembrar en mayor cantidad, además de comprar más cabezas de ganado para tener más seguridad.

Gloria manifiesta con mucha satisfacción que compró varios sacos de semilla de alverja con el préstamo que obtuvo, además también compró abono y fertilizantes que sembró en sus productivas tierras. Esta muy satisfecha porque luego del préstamo ha logrado sembrar en mayor cantidad la alverja y por lo tanto ganó más durante la cosecha, además las tierras fueron bien tratadas con los fertilizantes y el abono lo que le permitió sembrar con seguridad. Gloria manifiesta que esta muy orgullosa de su banco comunal porque es muy solidario y puntual en cada uno de sus pagos, y todos los integrantes según dice están muy agradecidos con Microfinanzas PRISMA porque se dieron cuenta que es una entidad seria que ayuda a las personas a salir adelante con sus créditos. Para el futuro quisiera sembrar en mayor cantidad la alverja que por esta época esta produciendo de muy buena calidad, además de ser un vegetal que no necesita mucho cuidado ,nace y crece con las inclemencias del tiempo.

In March, you helped fund a loan on Kiva to Juan Roney Valle Requene. Because Juan is currently in Costa Rica, we stopped by his father’s house earlier today to hear about Juan’s situation. His father is his guarantor on this loan.

After using the loan as intended, purchasing materials, including stones, for the construction of a wall for his house, Juan went to Costa Rica to look for work in order to be able to pay back his debt. Juan is a builder and metal welder. However, while he was out of the country, he experienced complications from a brain tumor that he got removed about a year ago. These health problems prevented him from working. As a result, he has had trouble paying back the loan. His father has been trying to help him, but he is also out of work. He is planning to open a business soon, selling coal in the Mercado Oriental here in Managua, Nicaragua. Juan’s health has improved, but he will be returning from Costa Rica within the next couple weeks, as his wife just had their third child. He will continue to look for work here and to try to pay back what he owes.

Thank you for reading this journal update.

To lend to another AFODENIC borrower: www.kiva.org/app.php?page=businesses&queryString=afodenic&status=fundRaising&gender=All§ors[]=All®ions[]=All&sortBy=Popularity

To learn more about AFODENIC: www.afodenic.com or www.kiva.org/about/aboutPartner?id=98

To join the “Amigos de AFODENIC” lending team: www.kiva.org/community/viewTeam?team_id=5971

Nora pudo invertir bien el préstamo que le dieron cada uno de ustedes, ya que llegó a comprar varios sacos de semilla de papa y alverja que sembró con mucho esmero además contó con la ayuda de su esposo y juntos trabajaron muy duro y parejo para obtener una buena cosecha. Es así que obtuvieron una buena y productiva cosecha proporcionándoles buenos dividendos más que en anteriores siembras, es así que ya se están proyectando a sembrar en más cantidad para el futuro y mejorar la calidad de los productos. Además ella esta muy satisfecha con el trabajo de su banco comunal porque los integrantes trabajan duro por conseguir cumplir con sus metas, y son organizados en cada pago, es por este motivo que esta también agradecida con Microfinanzas PRISMA y la oportunidad que les brinda a todas las personas que quieren salir adelante en base de trabajo y esfuerzo. Como Nora es una mujer emprendedora quiere sembrar más en el futuro, además como tiene la ayuda de sus 4 hijos sabe que pronto logrará ser la mejor productora de papa y alverja de la zona.

In April, you helped fund a loan on Kiva to Martha Odili Carazo Sanchez, who runs a small grocery store out of the front of her house. Yesterday we got the chance to visit her and see how things have been going with her loan.

Using the loan, Martha was able to expand her business by purchasing goods she sells in the store: firewood, rice, sugar, oil, soap, milk, juice, ice, cream, and other consumables. Martha said that before getting her loan she only had a few things to sell and that business is good right now, though profits are low because the goods are expensive for her to buy. She was in high spirits when we visited because just two days before she had received a permit from the city allowing her to sell alcohol and to sell fireworks in November and December, which are very popular here in Managua, Nicaragua in the time leading up to Christmas. With pride she showed us the letter she wrote soliciting the permit.

Martha sells on credit, and she also showed us the notebook in which she meticulously keeps track of what her customers buy and how much they owe her. Her most popular products are rice, sugar, beans, and firewood, while rice, sugar, and oil bring in the most earnings. She makes about 600 or 700 cordobas’ worth of sales in a day (equivalent to about $30 or $35). Martha has had her store for about eight years. It doesn’t have a name yet, but she is planning to name it after her young granddaughter, Yuerling.

Check out the video below to meet Martha and take a look around her store. Thank you for reading this journal update!

To lend to another AFODENIC borrower: www.kiva.org/app.php?page=businesses&queryString=afodenic&status=fundRaising&gender=All§ors[]=All®ions[]=All&sortBy=Popularity

To learn more about AFODENIC: www.afodenic.com or www.kiva.org/about/aboutPartner?id=98

To join the “Amigos de AFODENIC” lending team: www.kiva.org/community/viewTeam?team_id=5971