Angelica

Status: Paid Back

$350
Loan Request
Pre-Disbursed : Oct 28, 2009
Listed: Nov 22, 2009
Funded: Nov 22, 2009
$350
Paid Back
Ended: Dec 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9000 PEN = 1 USD


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Chanchamayo, Peru   Repayment Term: 10 months
(more info)
Activity: Grocery Store   Repayment Schedule: At end of term
Loan Use: Purchase additional inventory for her store   Currency Exchange Loss: Possible
      Default Protection: Covered
Angélica is 46 years old, married, and the mother of 6 children. For 11 years, she has worked in the grocery store located in her home. Her business is very busy, frequented mostly by neighbors since it is located in the upper part of town. Angélica loves her job, which explains why she can be found in her store early in the morning cheerfully sweeping and organizing shelves. She likes everything to be clean and attractive. The sign in front of her store says “Never Closed”. Therefore, she leaves her husband in charge of securing merchandise by providing him a list of the products she needs. He brings back the supplies in his car in order to save on shipping costs. Doña Angélica never closes her shop to avoid the risk of losing sales.


This is her first loan with MFP. She is committed to making her payments on the established due dates. In addition, Angélica was recently sworn in as president of her Communal Bank. The money she requested will be used to purchase more food products for her business.

Translated from Spanish by Ronan Reodica, Kiva Volunteer


Angélica tiene 46 años, está casada y es madre de 6 hijos.
Desde hace 11 años viene trabajando en su tienda de abarrotes situado en su misma vivienda. Este negocio es muy concurrido, especialmente por sus vecinos, pues está en la parte alta del pueblo. Angélica ama su trabajo; por ello, muy temprano por la mañana alegremente va barriendo y ordenando sus estantes, ya que le gusta que estén limpios y atractivos.
La consigna de doña Angélica es “no cerrar”, de tener que realizar las compras prefiere encargarle a su esposo, mediante una lista y como él tiene un carro, no gasta en transporte, así evita cerrar su tienda y perder ventas.

Este es su primer crédito con MFP, por lo que hace el compromiso de pagar en las fechas señaladas todas sus cuotas, asimismo ha juramentado como la presidenta de su banco comunal. El dinero que solicita lo invertirá en el incremento de más productos comestibles para su negocio.

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Journal entries for Angelica


Loan to Angelica in Peru has been 100% funded
 
Entrepreneur: Angelica
Location: Chanchamayo, Peru

Thanks to you and 13 other Kiva Lenders, the 350.00 loan requested by Angelica in Peru has been 100% funded. The loan will be used for the purpose of: Purchase additional inventory for her store.

Over the months of this loan, Kiva’s Field Partner in Peru, Microfinanzas Prisma, will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Chanchamayo, Peru
Nov 22, 2009
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Kiva Help Repayment Schedule for Angelica

  Expected Repayments Actual Repayments Comments
January 2010 $0.00 $350.00  
August 2010 $350.00 Available Aug 1 Repayment Received