This loan has been FULLY FUNDED by 11 lenders!

Iris Mercedes
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Status: Paid Back

$325
Loan Request
Pre-Disbursed : Jan 5, 2009
Listed: Jan 8, 2009
Funded: Jan 9, 2009
$325
Paid Back
Ended: Apr 15, 2009
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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: 5 months
(more info)
Activity: Services   Repayment Schedule: Monthly
Loan Use: To buy replacement parts and batteries   Currency Exchange Loss: Covered
      Default Protection: Covered
Iris is a member of the Alianza (“Alliance”) Village Bank. She is 53 years old and is married with four children.

Iris and her husband have a clock store, located on one of Ayacucho’s central streets. Her husband is a technician and repairs clocks in addition to selling new clocks and clock parts, which he acquires in Lima.

Iris needs a loan of 1,000 soles to buy replacement parts and batteries. Iris dreams of buying a plot of land, and that her son will finish his studies and travel to Lima to continue his education by further specializing in one area.


Translated from Spanish by Cynthia McMurry, Kiva Fellow

Iris es socia del Banco Comunal Alianza.
Iris es casada, tiene 53 años y 4 hijos, Iris junto a su esposo tienen una relojería que esta ubicado en una calle céntrica de la ciudad de Ayacucho, en local alquilado, su esposo es técnico y brinda servicios de reparaciones, venta de relojes, repuestos, sus productos los adquieren en la ciudad de Lima.
Iris necesita un préstamo de 1000 soles dinero que será invertido en la compra de repuestos y pilas.
Iris sueña con que su hijo culmine su carrera y se vaya a especializar a la ciudad de Lima y comprar un terreno.

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About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1312 PEN = 1 USD
11 Lenders to this Entrepreneur

Erica
La Jolla, CA
United States

Brett
Austin, TX
United States

Theresa
LaGrangeville, NY
United States

Karen
San Lorenzo, CA
United States

Denise Wakeman
North Hollywood, CA
United States

Jon
Otis Orchards, WA
United States

Michelle
Boston, MA
United States

Josh
Frankfort, IL
United States

Teena
Chicago, IL
United States

Frank The Tank
Plano, TX
United States



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Journal entries for Iris Mercedes


Subject: Loan has been disbursed
Location: Ayacucho, Peru

Thank you for your loan. It has been disbursed to Iris Mercedes by FINCA Peru in Peru. We are excited to watch this business grow. Over the 3 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
Jan 10, 2009
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Kiva Help Repayment Schedule for Iris Mercedes

  Expected Repayments Actual Repayments Comments
March 2009 $81.25 $81.25 Repayment Received
April 2009 $81.25 $81.25 Repayment Received
May 2009 $81.25 $162.50 Repayment Received
June 2009 $81.25 $0.00 Repayment Received