Luz


Status: Paying Back

$500.00   Loan Amount
0% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $500.00
Loan Use: To buy a cow and alfalfa seed
Repayment Term: 8 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Possible
Date Listed: Jul 7, 2009
Date Disbursed: Jun 5, 2009
Date Funded:Jul 8, 2009

About the Country

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



Luz is 20 years old; she lives with her husband and her 8-month old baby at her in-laws’ home. To make a living, she sells cattle as well as smaller livestock. Luz currently has two cows and a calf, which she will sell at her town's livestock market once it reaches the required size and weight. This is a very profitable activity, in spite of the risks, which include animal theft. To prevent the animals from being stolen, she keeps them well protected in her cowshed. Luz would like to start improving the breed of her stock, which would allow her to set a higher price for the animals. She would also like to start selling bulls. This is her second loan from MFP. With the loan, she will buy alfalfa seed to grow feed for her animals. She will also buy a cow with better stock.

Translated from Spanish by Montserrat Zuckerman, Kiva Volunteer


Luz tiene 20 años, vive con su esposo y su bebé (de 8 meses de nacido) en casa de sus suegros. Se dedica a la venta de ganado y otros animales menores, en la actualidad posee 2 vacas y un becerro que más adelante, cuando llegue a un tamaño y peso adecuado venderá en la feria ganadera de su ciudad. Este trabajo es muy rentable, a pesar de que tiene sus riesgos, como el robo de los animales; pero para ello toma precauciones resguardándolos muy bien en su establo. En adelante, Luz va a mejorar la raza de su ganado, pues así podría vender cada animal a un mayor precio, así como también desea empezar a vender toros. Esta es la segunda vez que tiene un préstamo con MFP, el dinero que ahora solicita lo invertirá en la compra de semillas para sembrar alfalfa para el consumo de sus animales y también comprará una vaca de mejor raza.

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Journal entries for Luz


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

Thank you for your loan. It has been disbursed to Luz 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 9, 2009
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Kiva Help Repayment Schedule for Luz

  Expected Repayments Actual Repayments Comments
February 2010 $500.00 Available Feb 1