Jorge


Status: Paid Back

$425.00   Loan Request
$425.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Jorge
Location: Lima, Peru
Activity: Grocery Store

About the Loan

Loan Amount: $425.00
Loan Use: To increase his merchandise
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 26, 2009
Date Disbursed: Apr 15, 2009
Date Funded:Apr 26, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1050 PEN = 1 USD



Jorge is a father, and his obligation as a father and husband motivates him to get ahead and to offer his loved ones everything they need. They feel very happy to have a father who offers them a home and unconditional love. It has been difficult to support his home, though. He only used to work in temporary jobs, which did not pay very well. Ten years ago he opened up his own store, which gave him the opportunity to grow economically and to offer his small children a quality education. It was very difficult to support his business because of the high costs of merchandise, which on many occasions made him want to quit. But with the support of his family members, he had the courage to keep working in spite of the hours of sacrifice. There were days when he had to attend to his business from very early in the morning until late at night. With time, he structured his business's hours and now has a prosperous business. Now he would like to supply his business with additional products to increase his clientele. Jorge is the social chair of his group, and this is his fifth credit with Microfinanzas Prisma. He hopes to keep his group united because it is one of the characteristics that defines them. He will invest the 1,300 PEN in improving his store and obtaining new products so he can increase his income and number of customers.

Translated from Spanish by Tanya Harper, Kiva Volunteer


Jorge es padre de familia y su deber como esposo y padre lo motivaron en salir adelante con tal de brindar lo necesario a sus seres queridos, quienes se sienten muy contentos por tener un padre quien les brindo un hogar para vivir y un amor incondicional para progresar. Para él ha sido difícil mantener un hogar, pues sólo contaba con algunos trabajos eventuales y sus pagos eran muy escasos, y con la idea de tener un negocio propio, desde hace 10 años abrió una tienda, la cual le dio la oportunidad de crecer económicamente y ofrecerles a sus pequeños hijos una educación de calidad. Pero fue muy difícil mantener su negocio por los altos costos de la mercadería y en muchas ocasiones lo desanimaron a seguir, pero con el apoyo de sus familiares tuvo la valentía de seguir trabajando a pesar de las horas de sacrificio, pues hubo días que tuvo que atender su negocio desde muy tempranas horas y hasta altas horas de la noche. Con el tiempo fue ordenando sus horas de atención y ahora tiene un negocio próspero, ahora le preocupa contar con algunos productos que incrementen su clientela, es por ello que tiene pensado modificar su tienda y surtirla de otros productos adicionales para dar variedad a su bodega. Jorge es socio fundador de su grupo y está en su quinto crédito con MFP, además espera seguir manteniendo a su grupo tan unido, pues una de las características dentro de esta agrupación. Los 1300 soles que solicita los invertirá en mejorar su bodega, obteniendo nuevos productos que aumenten sus ingresos y clientes.

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Journal entries for Jorge


Loan has been disbursed
 
Entrepreneur: Jorge
Location: Lima, Peru

Thank you for your loan. It has been disbursed to Jorge by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 6 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lima, Peru
Apr 27, 2009
Comment on this entry

Se abstesció de más productos para vender.
 
Entrepreneur: Jorge
Location: Lima, Peru

Con el préstamo, Jorge se abasteció de mercadería y remodeló el espacio de su negocio, y a comparación de otros meses, ahora tiene mayores ingresos, así como también la concurrencia de sus fieles clientes así como la de nuevos, ya que están contentos por el servicio que ofrece además de contar diversos productos. Jorge tiene proyectado instalar nuevos espacios con productos novedosos y útiles para el hogar, de esta manera se consolida su negocio, convirtiéndole en uno de los mejores de su distrito. Agradece a Microfinanzas PRISMA por la oportunidad de desarrollar su negocio asimismo continuar trabajando para su Banco Comunal y mantener la unión y el progreso de sus miembros que la conforma.


Posted by Betsabé Bruno Morales from Lima, Peru
Sep 8, 2009
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Kiva Help Repayment Schedule for Jorge

  Expected Repayments Actual Repayments Comments
July 2009 $70.94 $70.94 Repayment Received
August 2009 $70.94 $70.94 Repayment Received
September 2009 $70.94 $70.94 Repayment Received
October 2009 $70.94 $70.94 Repayment Received
November 2009 $70.94 $70.94 Repayment Received
December 2009 $70.30 $70.30 Repayment Received