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Reynalda
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Seven years ago, Reynalda's daughter wanted to study cosmetology, when she was only 13. Reynalda took her to her classes every day, and this is how both mother and daughter learned this skill.


Six years ago, Reynalda decided to start a small salon in her home. She works every day, and her neighbors and friends are familiar with her work. Reynalda also sells nutritional products called Omnilife. She offers them in a display case located in her salon.


She has used the loans she has received to furnish her salon and to purchase supplies for her work.


Reynalda also has plans to sell candy in a cart outside of her house. She would like to have another salon.

Translated from Spanish by Tanya Harper, Kiva volunteer


Hace 7 años, la hija de Reynalda quiso estudiar cosmetología teniendo tan solo 13 años. Por ello, Reynalda la llevaba todos los días a sus clases. Fue así que tanto la hija como la madre aprendieron este oficio.


De esta manera, hace 6 años, Reynalda decidió instalar una peluquería en su casa. Ella trabaja todo el día y ya sus vecinos y amigos la conocen. Asimismo, Reynalda vende productos nutricionales Onmilife. Ella los ofrece en una vitrina colocada en su peluquería.


Los préstamos recibidos los ha utilizado en amoblar su peluquería y para comprar sus materiales de trabajo.


Reynalda también tiene planes de vender golosinas en una carreta afuera de su casa. A ella le gustaría tener otra peluquería.

Additional Information

About EDAPROSPO

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

About Peru

  • $12,000
    Average annual income
  • 132
    View loans »
    Peru Loans Fundraising
  • $57,382,975
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Reynalda to furnish her salon and to purchase supplies for her work.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 1, 2008
Listed
Aug 17, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009