Bernabe


Status: Paying Back

$350.00   Loan Amount
37% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Bernabe
Location: Tarma, Peru
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $350.00
Loan Use: Operating capital to acquire more fruit
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 7, 2009
Date Disbursed: Jul 7, 2009
Date Funded:Aug 8, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9500 PEN = 1 USD



Bernabé is 31 years old and lives with his common law wife and their two children in their own wooden house. He has a good sense of humor and is bit of a jokester. With the help of his wife, Bernabé buys and sells fruit. They also spend time around their farm clearing brush so that it will be easier for them during harvest time.


Bernabé is satisfied that he has done well financially with his fruit business. In recent years, he has gained a lot of customers because of his reputation in the market for offering affordable prices for his fruits. Every weekend, he eagerly attends to his customers and is always motivated to keep his business going. Bernabé values his customers, and in return they continue to do business with him, which allows him to save and achieve a comfortable standard of living for his family.


This is his fourth loan with MFP. Bernabé has paid all his previous loans on time. He promises to continue working in the same manner and remain committed to his communal bank group. The money he is requesting will be used to increase his capital for buying and selling fruit.

Translated from Spanish by Ronan Reodica, Kiva Volunteer


Bernabé tiene 31 años, tiene un buen sentido del humor y es muy chistoso, vive con su pareja y sus 2 hijos en su casa propia hecha a base de madera. Desde que es padre, con el apoyo de su pareja, se dedica a la compra y venta de frutas, por otro lado, esporádicamente realiza la limpieza de sus chacra y el macheteo de los arbustos con el afán de que sus plantas se han más fáciles de cosechar. Pero lo que más le gusta y le satisface económicamente, es su negocio de venta de frutas, ya que durantes estos años ha ganado mucha clientela porque se hizo muy conocido en el mercado debido al precio cómodo que vende sus frutas, pues cada fin de semana lo esperan muy ansiosos sus clientes y eso lo motiva a seguir trabajando en este negocio. Bernabé valora mucho a sus clientes, pues ellos le permiten acumular ganancias y de seguir contando con este negocio espera alcanzar un nivel de vida más cómoda para su familia. Para Bernabé este es su cuarto préstamo con MFP y durante los ciclos pasados cumplió con pagar a tiempo todas sus cuotas. Asimismo para este crédito promete seguir trabajando del mismo modo, ya que se siente muy comprometido con su grupo. El dinero que ahora solicita es para el incremento su capital para la compra y venta de frutas.

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Journal entries for Bernabe


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

Thank you for your loan. It has been disbursed to Bernabe by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 7 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
Aug 9, 2009
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Kiva Help Repayment Schedule for Bernabe

  Expected Repayments Actual Repayments Comments
October 2009 $43.75 $43.75 Repayment Received
November 2009 $43.75 $43.75 Repayment Received
December 2009 $43.75 $43.75 Repayment Received
January 2010 $43.75 Available Jan 1  
February 2010 $43.75 Available Feb 1  
March 2010 $43.75 Available Mar 1  
April 2010 $43.75 Available Apr 1  
May 2010 $43.75 Available May 1