Margot

Status: Paying Back

$500
Loan Request
Pre-Disbursed : Nov 10, 2009
Listed: Nov 21, 2009
Funded: Nov 21, 2009
23% repaid

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:United States Dollars (USD)


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Calca, Calca, Peru   Repayment Term: 6 months
(more info)
Activity: Bakery   Repayment Schedule: Monthly
Loan Use: Buy ingredients like flour, oil, sugar, etc for the production of different kinds of breads.   Currency Exchange Loss: N/A
      Default Protection: Not Covered
Margot belongs to the community bank "Virgen Asunta". She lives in the district of Calca in the province of Urubamba in the region of Cusco. The city of Calca is one hour from the province of Cusco.

Margot is 42 years old, is in a common law marriage, and as three children -- two girls and a boy. The oldest studies at the high school level and the younger ones attend primary school. She has a small bakery that makes and distributes bread.

She balances running her household with the production and sale of bread. She distributes the bread very early in the morning to the other stores in the city with the help of an employee. She has been running this business for several years and it has been going very well thanks to all of the effort that she has put into her work.

Margot needs this loan to increase her business's capital. She wants to buy more ingredients like flour, oil, sugar, etc to make special Christmas breads.

She feels appreciative of the opportunity given through this lending service and commits to repaying the loan according to the timeline.

Translated from Spanish by Colleen Godfrey, Kiva Volunteer


La socia MARGOT pertenece al banco comunal “VIRGEN ASUNTA, ella vive en el distrito de calca de la provincia de Urubamba del departamento del Cusco. La ciudad de Calca esta a una hora de la provincia de Cusco.

La socia tiene 42 años de edad, es conviviente, tiene tres hijos dos mujeres y un varón. El mayor estudia en un Instituto superior y los menores estudian en el colegio. Ella tiene un pequeño negocio de producción y distribución de panes (Panadería).

Ella alterna sus actividades del hogar con la elaboración de panes y venta de panes. Ella distribuye muy temprano en la mañana a las demás tiendas de la ciudad los panes con ayuda de un empleado. Ya tiene varios años con esta actividad y le ha ido muy bien gracias a todo el empeño que pone a su trabajo.

La socia requiere el préstamo para aumentar el capital del negocio de producción y venta de panes, ella quiere comprar más insumos como harina, aceite, azúcar, etc., Para producir panetones y panes especiales para esta navidad.

La socia se encuentra agradecido por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

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Journal entries for Margot


Loan to MARGOT in Peru has been 100% funded
 
Entrepreneur: Margot
Location: Calca, Calca, Peru

Thanks to you and 18 other Kiva Lenders, the 500.00 loan requested by MARGOT in Peru has been 100% funded. The loan will be used for the purpose of: Buy ingredients like flour, oil, sugar, etc for the production of different kinds of breads..

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


Posted by from Calca, Calca, Peru
Nov 21, 2009
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Kiva Help Repayment Schedule for Margot

  Expected Repayments Actual Repayments Comments
February 2010 $119.51 $119.51 Repayment Received
March 2010 $123.10 Available Mar 1  
April 2010 $126.79 Available Apr 1  
May 2010 $130.60 Available May 1