This loan has been FULLY FUNDED by 36 lenders!

Maria Mercedes
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About the Loan
(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Ayacucho, Peru   Repayment Term: 7 months
(more info)
Activity: Jewelry   Repayment Schedule: Monthly
Loan Use: Buy gold and jewels   Currency Exchange Loss: Covered
      Default Protection: Covered
Maria is a member of the Sumaq Huayta Village Bank; “Sumaq Huayta” means “Beautiful Flower” in Quechua. Maria is 51 years old; she is divorced and has three children. Maria is an obstetrician. She and her siblings have a family business making gold and silver jewelry. Maria is in charge of selling jewelry to a number of different institutions. She sells on credit, and collects payments on a monthly basis. Maria needs a loan of 3000 soles to buy gold and jewels. Maria dreams of improving her business and of opening her own jewelry store.

Translated from Spanish by Cynthia McMurry, Kiva fellow

Maria es socia del Banco Comunal Sumaq Huayta que significa Linda Flor.

Maria es divorciada, tiene 51 años y 3 hijos, Maria es obstetriz de profesión , Maria junto a sus hermanos tienen una empresa familiar que se dedican a la elaboración de joyas de oro y plata, Maria se encarga de las ventas en las diferentes instituciones, las cuales son al crédito y cobra cada fin de mes.

Maria necesita un préstamo de 3000 soles dinero que será invertido en la compra de oro y joyas.

Maria sueña con mejorar su negocio y tener una tienda de joyas.
About the Country
Country:
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0917 PEN = 1 USD

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Status: Paid Back

$975
Loan Request
Pre-Disbursed : Dec 3, 2008
Listed: Dec 18, 2008
Funded: Dec 23, 2008
$975
Paid Back
Ended: Jun 15, 2009
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Journal entries for Maria Mercedes


Subject: Maria Mercedes
Location: Ayacucho, Peru

Maria Mercedes has now been with Finca for five years. With her loan she has been able to improve her business by purchasing more jewelry. In addition to enjoying her village bank Sumaq Huayta, Maria has particularly enjoyed the health and family workshops offered by Finca.


Posted by Viviana Salinas Lanao from Ayacucho, Peru
Jan 26, 2010
Comment on this entry
Subject: Loan has been disbursed
Location: Ayacucho, Peru

Thank you for your loan. It has been disbursed to Maria Mercedes by FINCA Peru in Peru. We are excited to watch this business grow. Over the 5 months of this loan, FINCA Peru will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ayacucho, Peru
Dec 24, 2008
Comment on this entry
Kiva HelpKiva Repayment Schedule for Maria Mercedes
  Expected Repayments Actual Repayments Comments
February 2009 $162.50 $162.50 Repayment Received
March 2009 $162.50 $162.50 Repayment Received
April 2009 $162.50 $162.50 Repayment Received
May 2009 $162.50 $162.50 Repayment Received
June 2009 $162.50 $162.50 Repayment Received
July 2009 $162.50 $162.50 Repayment Received