Germán


Status: Paying Back

$1,000.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Germán
Location: Huancayo, Peru
Activity: Bricks

About the Loan

Loan Amount: $1,000.00
Loan Use: Buy material
Repayment Term: 8 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Possible
Date Listed: Jul 6, 2009
Date Disbursed: Jun 5, 2009
Date Funded:Jul 12, 2009

About the Country

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



Germán, 29, lives in a rented house with his cousin and his cousin’s family.

Half of a year ago he decided to do business with his cousin. With the savings they both had, they bought some land with clay soil, which is an ideal place to put a brick factory. Since then they have both worked, sharing the same chores, in order to afford the expenses. Even though the work is very hard, it is compensated by the earnings they get for each sale of a thousand bricks they have made. For German and his cousin it is basic that they consider each minuscule detail when making the bricks. When they started, only the two of them worked. They currently have contracted two workers who help them so that the production is faster. In the future, German is planning to buy a truck to transport the bricks they make.

This is his fourth loan with MFP. He is very happy to see that his community bank has overcome various problems in a successful way. For his part, he renews his promise to work to strengthen their unity.

The money he is asking for is to buy the necessary materials to make bricks; a truckload of fine sand, sawdust, and wood, among others.

Translated from Spanish by Ginny Kalish, Kiva Volunteer


Germán tiene 29 años, vive en una casa arrendada con su primo y la familia de éste. Hace medio año decidió asociarse con su primo y ambos con los ahorros que tenían compraron unos predios de tierra arcillosa ideal para asentar una fábrica de ladrillos. Desde ese entonces ambos trabajan compartiendo las mismas tareas para sostener sus gastos, aunque esta labor es muy dura, es compensada por las ganancias que se dan en cada venta de cada mil ladrillos elaborados. Para German y su primo es básico tomar en cuenta cada detalle minucioso en la elaboración de los ladrillos, en un inicio sólo trabajaban los dos, pero en la actualidad han contratado a 2 peones que les ayudan a que la producción sea más rápida. Es por ello que German está planeando para un futuro comprar un camión para transportar los ladrillos que fabrican. Esta es la cuarta vez que tiene un préstamo con MFP, él está muy contento de ver que su banco comunal ha superado varios problemas de manera airosa y por su parte renueva su compromiso de trabajar en el fortalecimiento de la unidad. El dinero que está solicitando será invertido en la compra de los materiales que necesita para fabricar los ladrillos: una camionada de arena fina, aserrín, leña, entre otros.

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Journal entries for Germán


Loan has been disbursed
 
Entrepreneur: Germán
Location: Huancayo, Peru

Thank you for your loan. It has been disbursed to Germán 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 Huancayo, Peru
Jul 13, 2009
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Kiva Help Repayment Schedule for Germán

  Expected Repayments Actual Repayments Comments
February 2010 $1,000.00 Available Feb 1