We mad another loan

Trip Start Feb 29, 2008
Trip End Ongoing

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Flag of United States  , New Jersey
Monday, November 24, 2008

Even though times are hard, we are squeaking by and the holidays are upon us, we decided to make another donation since we sold some stuff on eBay and dedicated part of the proceeds to Kiva.
We searched the Kiva website to find an entarpenuer we'd like to loan to - there were many to choose from but we figured on a Peruvian hair dresser - one of us has been to Peru and the other is a hair dresser - so the match seemed perfect so we participated in the loan for the amount of $25.00

Name: Virginia Febres Pizango
Location: Callería - Ucayali, Peru
Primary Activity: Barber Shop
Loan Requested: $325.00
Repayment Term: 6 months
Loan Use: Purchase of seats, dyes, apron, etc.
Date Posted: Nov 23, 2008

Virginia belongs to the "Las Siete Estrellas" [Seven Stars] communal bank located at Av. San Martín Nº 785 Interior B in Callería district, Ucayali. She is 39 years old and has two children, one of them grown up and the other still being raised. Virginia is married, her husband works as an accountant at a private company. She decided to invest the first loan of 300 soles she received from Manuela Ramos in a small hairdresser shop. She has been working with the communal bank for 3 years.

At present Virginia works as a cosmetics and arts teacher and manages a hairdresser shop in her home. She teaches in the mornings and changes the looks of all of her customers in the afternoons.
She will purchase a seat kit for perming, a dozen packages of hair acids, 2 dozen packages of dye, an apron etc.using the present loan of 1000 soles, which will be paid back in 6 months.

Virginia is a hardworking woman who wishes to make headway for the well-being of her younger daughter.

Translated from Spanish by Edit Pecsi, Kiva Volunteer

What happens next
- 100% of your funds will be sent to our local partner who will disburse your loan
- You'll receive periodic updates showing the impact of your loan
- When you receive a repayment, you may withdraw the funds or sponsor a new entrepreneur

We wish Seniora Pizango much success and hope our little contribution made a difference.
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