Luis


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: Luis
Location: Huancayo, Peru
Activity: Cattle

About the Loan

Loan Amount: $500.00
Loan Use: To buy a young bull
Repayment Term: 12 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Possible
Date Listed: Jul 11, 2009
Date Disbursed: Jun 12, 2009
Date Funded:Jul 11, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0450 PEN = 1 USD



Luis is 46 years old and lives with his wife and their 3 children in their own house. For more than 20 years, he and his wife (who appears in the photo) have worked tirelessly in agriculture and livestock. Since he is a veterinarian by profession, he takes care of their animals with a lot of devotion, and, many times, his neighbors come to him when they have an emergency with their animals. This serves as another source of income for him. He gives good food to his animals, and because they are healthy, his animals are in high-demand in the livestock market in his area. For this reason, Luis wants to have a larger stable, with the necessary infrastructure to care for his animals in the best way. This is his fourth loan with MFP. He enjoys being a member of his community bank, and he has good relationships with his peers. The money that he is requesting will be invested to buy a young bull to increase the amount of livestock that he has.

Translated from Spanish by Avni Shah, Kiva Volunteer


Luis tiene 46 años, vive con su esposa y sus 3 hijos en su casa propia. Desde hace más de 20 años, junto a su esposa (quien aparece en la foto) se ha dedicado incansablemente a las actividades agrícolas y ganaderas. Como veterinario de profesión, cuida de sus animales con mucho ahínco y muchas veces sus vecinos acuden a él cuando tienen alguna emergencia con sus animales, lo que le significa un ingreso económico adicional. La alimentación que brinda a sus animales es la adecuada y por lo que los mantiene en buen estado de salud para ser bien cotizados en el mercado ganadero de su zona. Por tal razón, Luis desea tener un establo más grande y con la infraestructura necesaria para criar a sus animales de la mejora manera. Esta es la cuarta vez que tiene un préstamo con MFP, para él estar integrando en un banco comunal es un espacio muy agradable donde comparte buenas relaciones con sus compañeros. El dinero que viene solicitando será invertido en la compra de un torete para incrementar la cantidad de ganado que tiene.

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Journal entries for Luis


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

Thank you for your loan. It has been disbursed to Luis by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 10 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 12, 2009
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Kiva Help Repayment Schedule for Luis

  Expected Repayments Actual Repayments Comments
June 2010 $500.00 Available Jun 1