Aldo


Status: Paying Back

$675.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Aldo
Location: Tarma, Peru
Activity: Agriculture

About the Loan

Loan Amount: $675.00
Loan Use: Purchase fertilizer
Repayment Term: 12 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Jun 19, 2009
Date Disbursed: May 23, 2009
Date Funded:Jun 19, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0050 PEN = 1 USD



Aldo is 24 years old and known as a noble person who treats his neighbors well. He lives with his partner and three children in a house that he built out of wood. Since he was young, Aldo's father has been confident in his son's farming work, given that he demonstrates responsibility in all of his tasks. Now that he is the head of his own family, Aldo works eagerly on each of his crops. He works even harder as a day laborer, where he earns 15 soles per day, which he uses to cover household expenses while he waits for his fields to bear fruit. In this way Aldo's harvests produce very good earnings.

Throughout these years Aldo has accumulated experience in the proper management of each crop, and as a result he is happy with his work. Thanks to his efforts he'd like to incrementally increase his lands, with the desire to plant more so that when his children grow up he can provide for them. He'd like his children to attend University.

In previous loan cycles Aldo's wife was the title holder in the community bank, but because Aldo is very active his colleagues have asked him to be the title holder in this cycle. As such, he'll attend monthly meetings with the group. The money will be invested in nitrate fertilizer to fertilize his coffee plans and have a good harvest.

Translated from Spanish by Sarah Bishop, Kiva Volunteer


Aldo tiene 24 años, es conocido por su nobleza y su buen trato para con sus vecinos, vive con la madre de sus 3 hijos en la casa de madera que el mismo la fabricó. De niño su padre le tenía mucha confianza en los trabajos agrícolas, puesto que demostraba mucha responsabilidad en cada una de las labores encomendadas. Y ahora que lidera su propia familia trabaja con mucho ahínco en cada uno de sus cultivos y más aun en los trabajos jornaleros que realiza donde le pagan 15 soles diarios, dinero que utiliza para cubrir los gastos de su hogar mientras espera que sus chacras se carguen de fruto en forma uniforme y de ese modo sus cosechas le generan muy buenas ganancias. Durante estos años Aldo ha ganado experiencia en el manejo adecuado de cada planta, por ello se muestra muy contento con sus labores, debido a ello se propone ir incrementando sus terrenos, con el anhelo de aumentar sus siembras para que cuando crezcan sus hijos, les brinde las comodidades necesarias y puedan tener estudios superiores, que es lo que anhela como padre. En los ciclos anteriores su esposa era la socia titular de su banco comunal, pero en vista de que Aldo es muy activo, sus compañeros le han propuesto que él fuera el socio titular, por lo que ahora se compromete seguir siendo puntual en sus pagos y de asistir a todas las reuniones de mes del grupo. El dinero solicitado lo va a invertir en la compra de nitrato y urea (abonos) para proceder al abonado de sus plantas cafetaleras y tener una buena producción.

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Journal entries for Aldo


Loan has been disbursed
 
Entrepreneur: Aldo
Location: Tarma, Peru

Thank you for your loan. It has been disbursed to Aldo by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 9 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tarma, Peru
Jun 20, 2009
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Kiva Help Repayment Schedule for Aldo

  Expected Repayments Actual Repayments Comments
May 2010 $675.00 Available May 1