Margarita

Status: Paid Back

$350
Loan Request
Pre-Disbursed : Jun 25, 2009
Listed: Jul 2, 2009
Funded: Jul 2, 2009
$350
Paid Back
Ended: Dec 30, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0250 PEN = 1 USD


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Ayacucho, Peru   Repayment Term: 8 months
(more info)
Activity: Animal Sales   Repayment Schedule: Monthly
Loan Use: To buy livestock   Currency Exchange Loss: Covered
      Default Protection: Covered
Margarita is a member of the Community Bank Suni which means Plentiful in quechua.
Margarita lives with her partner, she is 32 years old and has 2 children, Margarita and her husband travel to different fairs in the region where they buy animals that they sell at the Sunday fair in Ayacucho, she also buys cheese that sells at wholesale prices.
Margarita needs a loan of 1000 soles which will be invested to buy livestock.
Her dreams are to have a stable business, a tractor for her farm and that her children turn into professionals.

Translated from Spanish by Nina Delgado, Kiva Volunteer


Margarita es socia del Banco Comunal Suni que significa Abundante en quechua.
Margarita es conviviente, tiene 32 años y 2 hijos, Margarita junto a su esposo viajan a las diferentes ferias de la región en donde compran animales que vende en la feria dominical de Ayacucho, además compra quesos que vende por mayor.
Margarita necesita un préstamo de 1000 soles dinero que será invertido en la compra de ganado vacuno.
Los sueños son tener un negocio estable, un tractor agrícola y que sus hijos sean profesionales.

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Journal entries for Margarita


Loan has been disbursed
 
Entrepreneur: Margarita
Location: Ayacucho, Peru

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


Posted by from Ayacucho, Peru
Jul 3, 2009
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Kiva Help Repayment Schedule for Margarita

  Expected Repayments Actual Repayments Comments
September 2009 $58.33 $58.45 Repayment Received
October 2009 $58.33 $58.21 Repayment Received
November 2009 $58.33 $58.33 Repayment Received
December 2009 $58.33 $58.45 Repayment Received
January 2010 $58.33 $116.56 Repayment Received
February 2010 $58.35 $0.00 Repayment Received