Rosario Flores

Location:	La Paz, Bolivia	Repayment Term:	15 months (more info)
Activity:	Restaurant	Repayment Schedule:	Monthly
Loan Use:	Capital de trabajo	Currency Exchange Loss:	N/A
		Default Protection:	Covered

Rosario lives with her parents in their home located on May 4th street in the Buenos Aires zone, La Paz. She is 22 years old and she is in the food service business. At first, she would sell her meals door-to-door, but now she has modified one of the rooms in her home to hold a small, account based restaurant. She does not have any children: she works to make a living and pay her expenses.
She wants to invest the loan amount to redecorate the restaurant in order to give it a more pleasant ambiance and attract more patrons.
An account based restaurant allows its customers to pay for their meals on a monthly basis, in return customers are guaranteed one meal per day for a whole month.
Her credit history with Impro indicates that she has had access to a 6-month-term credit line in January of this year. Her balance has been totally paid off on time. Her good payment history places her in a position to request another loan.

Translated from Spanish by Bertolt Cantalice, Kiva Volunteer.

Rosario vive en casa de sus padres en la calle 4 de mayo de la zona Buenos Aires de la ciudad de La Paz. Tiene 22 años de edad y su actividad es la venta de comida; anteriormente vendía en la puerta de su casa, pero actualmente tiene una pensión modesta dentro de la casa en una habitación que fue habilitada para este fin. No tiene hijos, trabaja para poder subsistir y cubrir sus necesidades.
El crédito que solicita es para implementar mejor su pensión y tener un ambiente acogedor y poder captar más clientes.
Vale la pena aclarar que una pensión es un pequeño restaurante donde los clientes tienen un contrato mensual para tener un almuerzo seguro cada día del mes y pagan por todo el mes.
El antecedente histórico de Rosario con Impro indica que ella ya tuvo acceso a un primer crédito en Enero del presente año por 6 meses y a la fecha el crédito esta pagado en su totalidad. Su calificación como buen cliente le permite acceder a un nuevo crédito.

Lenders to this entrepreneur

David
severna park, MD
United States

Judy
Rochester, NY
United States

John C. Kirkland
Los Angeles, California,
United States

Bill
Arlington, VA
United States

Linda
KivaFriends.org, Houston, TX, USA
United States

Journal entries for Rosario Flores

Loan has been disbursed Entrepreneur: Rosario Flores Location: La Paz, Bolivia Thank you for your loan. It has been disbursed to Rosario Flores by IMPRO in Bolivia. We are excited to watch this business grow. Over the next 12 - 18 months, IMPRO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from La Paz, Bolivia Aug 3, 2007
Comment on this entry

Update Entrepreneur: Rosario Flores Location: La Paz, Bolivia Rosario was able to redecorate her small restaurant-pension and her clients have more comfort now. Her loan is 34% repaid and she has not missed any of the installments so far. She wants to thank Kiva and its lenders for the oportunity given to her and she hopes not to dissapoint them.
Posted by Jose Jimenez from La Paz, Bolivia Dec 21, 2007
Comment on this entry

Update Entrepreneur: Rosario Flores Location: La Paz, Bolivia Rosario is fine and her business is well too although she has competence she managed the way to keep her best clients. The loan is 59% re paid.
Posted by Jose Jimenez from La Paz, Bolivia Mar 6, 2008
Comment on this entry

Update Entrepreneur: Rosario Flores Location: La Paz, Bolivia Thanks to the competence the work of Rosario is appreciated much more than before she really has delicious food in a clean place (considering the fact that many people who have a restaurant like this type don´t take care about that). NOW THE LOAN IS 68% RE PAID.
Posted by Jose Jimenez from La Paz, Bolivia Apr 22, 2008
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Update Entrepreneur: Rosario Flores Location: La Paz, Bolivia Rosario has to do one more payment to finish the loan which is 94% re paid now. She appreciates the fact that now she has a strong business and she has no doubts about changing activity like many of poor entrepreneurs.
Posted by Jose Jimenez from La Paz, Bolivia Jul 3, 2008
Comments (1)

Repayment Schedule for Rosario Flores

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	Expected Repayments	Actual Repayments	Comments
November 2007	$16.67	$17.00	Repayment Received
December 2007	$16.67	$17.00	Repayment Received
January 2008	$16.67	$17.00	Repayment Received
February 2008	$16.67	$17.00	Repayment Received
March 2008	$16.67	$17.00	Repayment Received
April 2008	$16.67	$17.00	Repayment Received
May 2008	$16.67	$17.00	Repayment Received
June 2008	$16.67	$17.00	Repayment Received
July 2008	$16.67	$17.00	Repayment Received
August 2008	$16.67	$17.00	Repayment Received
September 2008	$16.67	$17.00	Repayment Received
October 2008	$16.63	$13.00	Repayment Received