Jonatan


Status: Paid Back

$850.00   Loan Request
$850.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Jonatan
Location: Juliaca, Peru
Activity: Weaving

About the Loan

Loan Amount: $850.00
Loan Use: To purchase wool.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 25, 2009
Date Disbursed: Apr 21, 2009
Date Funded:May 25, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0250 PEN = 1 USD



Jonatan is 20 years old, he is single and lives at home with his parents. He is very interested and involved, and he wants so much to forge a good future for himself. He is an artesan, having learned knitting as a small child from his father. He is very happy carrying out his work and it has brought him very many benefits, in addition to being able to cover his expenses. Jonatan enjoys sitting at his knitting machine, lovingly setting the spools of wool to create his diverse items of clothing. He has been working at his business for the past 7 years and he hopes that it will grow and later have more knitting machines to increase production. He says the most difficult part of his work is to have to knit an entire day without rest, something he is forced to do so that his production and earnings will not suffer. Jonatan knows his work is very difficult but he is ready to work hard to improve his life. This is his third loan with MFP (Kiva Field Partner) and he is very grateful for the opportunity. He plans to invest it the funds. The community bank to which he belongs has high regards for him, always being very respectful and responsible. With the two thousand five hundred neuvos soles he is requesting, he will purchase more wool to increase the quantities of items he creates.




Translated from Spanish by Erika Lindig, Kiva Volunteer


Jonatan tiene 20 años, es soltero y vive en la casa de sus padres, es muy atento y preocupado, además, tiene muchas ganas de forjarse un buen futuro. Se dedica al tejido artesanal, actividad que aprendió desde muy niño de su padre, y es muy feliz realizando este trabajo, puesto que es una actividad que le trae muchos beneficios y con la cual ha podido pagar sus gastos. Jonatan disfruta mucho de trabajar en su máquina de tejer, donde con mucha dedicación coloca los ovillos de lana para la elaboración de sus diversas prendas. Lleva 7 años en esta actividad y espera que su negocio crezca y pueda tener más máquinas para aumentar su producción, considera que lo más difícil de su trabajo, es tejer durante todo el día sin descanso, ya que si no lo hace su producción puede disminuir y sus ganancias bajarían. Jonatan sabe que su trabajo es muy sacrificado, pero está dispuesto a trabajar duro para mejorar su vida. Este es su tercer préstamo con MFP y está muy contento por la oportunidad, ya que piensa invertirlo bien, en su banco comunal es un socio muy querido, ya que siempre es muy respetuoso y responsable. Con los dos mil quinientos nuevos soles que solicita comprará más lana para incrementar la cantidad de tejidos que produce.

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Journal entries for Jonatan


Loan has been disbursed
 
Entrepreneur: Jonatan
Location: Juliaca, Peru

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


Posted by from Juliaca, Peru
May 26, 2009
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Kiva Help Repayment Schedule for Jonatan

  Expected Repayments Actual Repayments Comments
July 2009 $141.78 $141.78 Repayment Received
August 2009 $141.78 $141.78 Repayment Received
September 2009 $141.78 $141.78 Repayment Received
October 2009 $141.78 $141.78 Repayment Received
November 2009 $141.78 $141.78 Repayment Received
December 2009 $141.10 $141.10 Repayment Received