Bruno


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Bruno
Location: Pucallpa, Peru
Activity: Timber Sales

About the Loan

Loan Amount: $500.00
Loan Use: Increase merchandise
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 21, 2009
Date Disbursed: Apr 22, 2009
Date Funded:May 21, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0350 PEN = 1 USD



Bruno is a 39-year-old man who lives with his wife and 14-year-old daughter. He buys and sells lumber for a living. He also makes starch and has his own cassava farm. He has had these businesses for 4 years, and he has been prosperous. What he likes about his jobs is that they keep him busy—since he is a very active man—and that they generate good profits for him because his products (the cassava and the wood) sell quickly at the market. In the future, he would like to export starch. This is his 3rd loan with MFP. He likes to work with his microfinance institute because his fellow members are respectful and work in harmony. With the loan that he is requesting, he will purchase wood, thus taking advantage of the summer season in his region, which is when lumber is in high demand.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer


Bruno tiene 39 años, vive con su pareja con la que tiene una hija de 14 años. Se dedica a la compra y venta de madera, a la fabricación de almidón, y además cuenta con una chacra donde siembra yuca. Estas actividades, las viene realizando desde hace 4 años atrás y le va muy bien. Lo que le gusta de su trabajo es que lo mantiene ocupado, ya que es un hombre muy activo, y obtiene buenas ganancias porque sus productos (yucas) se venden muy rápido en el mercado, así como la madera. Para el futuro le gustaría ser exportador de almidón. Este es su 3er créditos con MFP, y le gusta trabajar con su grupo porque sus compañeros son coordinados y respetuosos. Con el dinero que solicita comprará madera aprovechando la época de verano en su región, que es la temporada donde tiene mayor demanda.

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Journal entries for Bruno


Loan has been disbursed
 
Entrepreneur: Bruno
Location: Pucallpa, Peru

Thank you for your loan. It has been disbursed to Bruno 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 Pucallpa, Peru
May 22, 2009
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Kiva Help Repayment Schedule for Bruno

  Expected Repayments Actual Repayments Comments
July 2009 $75.56 $75.56 Repayment Received
August 2009 $78.01 $78.01 Repayment Received
September 2009 $81.70 $81.70 Repayment Received
October 2009 $84.97 $84.97 Repayment Received
November 2009 $87.88 $87.88 Repayment Received
December 2009 $91.88 $91.88 Repayment Received