Armandina

Status: Paid Back

$850
Loan Request
Disbursed : Dec 6, 2007
Listed: Nov 22, 2007
Funded: Nov 22, 2007
$850
Paid Back
Ended: Sep 8, 2008

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9908 PEN = 1 USD


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Huancayo, Peru   Repayment Term: 12 months
(more info)
Activity: Embroidery   Repayment Schedule: Monthly
Loan Use: Purchase fabric and thread for embroidery business to help meet the dreams of her children.   Currency Exchange Loss: Covered
      Default Protection: Covered
Armandina creates finely embroidered products with her artistic hands, working diligently day by day to sustain her family. Thanks to this activity she has been able to keep her family together, with the support of each and every member, and will continue to put forth great effort for their benefit. Today she is applying what her mother taught her as a child, an art she has perfected over the years and her work is in high demand in the local market. She meets embroidery requests from her loyal customers, and also rents out traditional costumes for use during festivals/celebrations. She has a great desire to succeed, and wishes to increase her customer base. For this reason, she asks for a loan to buy thread and fabric to improve her business and increase earnings to maintain her family. Let’s support this hardworking and diligent woman. Your collaboration is very important.

Translated from Spanish by Mary Lynn, Kiva Volunteer.



Armandina, realiza trabajos de bordados finamente elaborados con sus artísticas manos, día a día trabaja diligentemente para poder llevar el sustento a su familia.Gracias a esta actividad la ha podido mantener unida porque cuenta con el importante apoyo de cada uno de los integrantes que trabajan para el bienestar de su y seguirá esforzándose con ellos y en beneficio de ellos.Ahora está aplicando lo que un día de niña su madre le enseño y el trabajo con el correr de los años ha ido perfeccionando su técnica de bordado y sus trabajos están siendo cada vez más cotizados en el mercado local, ella atiende pedidos de sus fieles clientes que acuden a su bordaduría familiar, además, no sólo se dedica a adornar los bellos fustanes de las damas de su localidad sino también a alquilar trajes típicos para las festividades que celebra cada comunidad.Ella tiene grandes deseos de superación y desea incrementar su clientela mejorando notablemente sus trabajos, es por ello que solicita un préstamo para invertirlos en la compra de hilos y telas para seguir afrontando los gastos de manutención de su familia con las ganancias que genere su actividad.Apoya a una mujer trabajadora y diligente, tu colaboración es muy importante.


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Journal entries for Armandina


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

Thank you for your loan. It has been disbursed to Armandina Seguil Ríos by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the next 9 months, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Huancayo, Peru
Dec 7, 2007
Comments (1)

Kiva Help Repayment Schedule for Armandina

  Expected Repayments Actual Repayments Comments
March 2008 $94.45 $95.00 Repayment Received
April 2008 $94.45 $95.00 Repayment Received
May 2008 $94.45 $95.00 Repayment Received
June 2008 $94.45 $95.00 Repayment Received
July 2008 $94.45 $95.00 Repayment Received
August 2008 $94.45 $95.00 Repayment Received
September 2008 $94.45 $95.00 Repayment Received
October 2008 $94.45 $95.00 Repayment Received
November 2008 $94.40 $90.00 Repayment Received