Soledad

Status: Paid Back

$325
Loan Request
Pre-Disbursed : Mar 25, 2009
Listed: Apr 19, 2009
Funded: Apr 19, 2009
$325
Paid Back
Ended: Oct 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1050 PEN = 1 USD


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Huancayo, Peru   Repayment Term: 8 months
(more info)
Activity: Manufacturing   Repayment Schedule: Monthly
Loan Use: To buy fuel for the furnace.   Currency Exchange Loss: Covered
      Default Protection: Covered
Soledad is 20 years old and lives with her mother and siblings in her parents house. She works at making plaster which is used for the construction and finishing of houses. She has been developing this trade since her adolescence when her parents taught her how to carry out this work, and over time they have given her the entire responsibility. Soledad takes care that every part of the process is carefully completed because that determines the quality of the product. She is also in charge of providing all of the materials and ingredients needed to make the plaster in their workshop. Her work requires a certain amount of physical strength, and so Soledad works tirelessly to earn the income that will benefit her family. For the future, she wants to enlarge and improve the infrastructure of her factory in order to increase production. This is the first time the she has sought a loan with Microfinanzas PRISMA. She is very please with having been accepted by the communal bank and she has a great desire to get ahead. The money that she is requesting is for the purchase of a truckload of firewood and fuel oil. These are indispensable for fueling the furnace in which they fire the plaster which her factory produces.

Translated from Spanish by Daniel Kvaka, Kiva Volunteer


Soledad tiene 20 años, vive con su madre y hermanos en la casa propia de sus padres. Se dedica a la fabricación de yeso, el cual sirve para la construcción y acabado de las casas; esta actividad la viene desarrollando desde su adolescencia, ya que sus padres le enseñaron a desempeñarse en esta labor y con el tiempo le han dado la entera responsabilidad. Soledad cuida de que cada parte del proceso sea cuidadosamente cumplido, porque de ello depende que el producto sea de calidad, también se encarga de proveer todos la materiales e insumos necesarios que se requieren para manufacturar el yeso en la fábrica artesanal que posee. Su trabajo requiere de bastante esfuerzo físico, por lo que Soledad trabaja incansablemente para lograr lo ingresos que serán de beneficio para su familia. Para el futuro quiere agrandar y mejorar la infraestructura de su fábrica, para así aumenta su producción. Es la primera vez que tiene un préstamo con MFP, está muy contenta de haber sido admitida en el banco comunal, y tiene muchos deseos de seguir adelante. El dinero que está solicitando es para la compra de una camionada de leña y petróleo que son los combustibles indispensables que hacen funcionar el horno de cocimiento del yeso que produce su fábrica.

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Journal entries for Soledad


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

Thank you for your loan. It has been disbursed to Soledad 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 Huancayo, Peru
Apr 20, 2009
Comment on this entry

Mejora la producción de yeso.
 
Entrepreneur: Soledad
Location: Huancayo, Peru

Soledad ha invertido con el préstamo en la compra de una camionada de leña y petróleo que son combustibles necesarios para el proceso de cocimiento en la elaboración de yeso que produce su fábrica. Con esto logró aumentar su producción, favoreciéndolo en las ventas. Para ella ha sido de gran ayuda el acceder un crédito de Microfinanzas PRISMA, considerándolo como aliado para el progreso de su negocio, es por ello que esta muy agradecida. Ella desea seguir trabajando y creciendo su fábrica lo que implica vender su producción a otras ciudades y del que se esta preparando para ese momento.


Posted by Betsabé Bruno Morales from Huancayo, Peru
Sep 14, 2009
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Kiva Help Repayment Schedule for Soledad

  Expected Repayments Actual Repayments Comments
June 2009 $48.54 $48.54 Repayment Received
July 2009 $50.31 $50.31 Repayment Received
August 2009 $52.99 $52.99 Repayment Received
September 2009 $55.38 $55.38 Repayment Received
October 2009 $57.69 $57.69 Repayment Received
November 2009 $60.09 $60.09 Repayment Received