Pedro


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: Pedro
Location: Tarma, Peru
Activity: Agriculture

About the Loan

Loan Amount: $350.00
Loan Use: Purchase fertilizers and new plants.
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



Pedro is 41 years old. He is a noble man who lives with the mother of his eight children, of which the two eldest work occasionally in the an area far from their home. The blood of a farmer runs through his veins since, from his infancy, he has not known a job other than working and taking care of his fields. With much dedication and enthusiasm, he takes care of his citrus plants (mandarin oranges and star fruits) and also, but in fewer quantity, he plants cocoa. Every season Pedro completes the cutting and cleaning of his star fruit crops since this fruit is profitable all year. Meanwhile, the oranges generate greater earnings during the months of January to March since it is the summer season in the capital. Each time he talks about his crops, Pedro is filled with a lot of joy since he loves what he does and, more importantly, with these earnings he can educate his eight children. Now he hopes that when his children grow older, they will be men of example in their community as this would make him very happy. This is his fifth loan with MFP where he has demonstrated that he is a responsible client. He reiterates his committment to pay for this loan since he has a lot of gratitude for his community bank. He considers the loan to be very valuable for his progress. The money that he is requesting now is to purchase chemical fertilizers. He also plans to plant more star fruit plants.

Translated from Spanish by Kate Divjak, Kiva Volunteer


Pedro cuenta con 41 años de edad, es un hombre muy noble, vive con la madre de sus 8 hijos, de los cuales, los 2 mayores trabajan ocasionalmente en una zona alejada de su hogar. La sangre de agricultor corre por sus venas, ya que desde su infancia no conoce otra actividad, que no sea labrar y cuidar sus viñas. Por ello, con mucha dedicación y entusiasmo se avoca íntegramente al cuidado de sus plantas cítricas (mandarinas y carambolas) y también, pero en menor cantidad, siembra cacao. Cada cierta temporada, Pedro realiza el macheteo y la limpieza de sus chacras de carambolas, ya que este fruta durante todo el año le resulta muy rentable, mientras que las mandarinas le generan mayores ingresos en los meses de enero a marzo por ser la estación de verano en la capital. Cada vez que habla de sus cultivos, Pedro se llena de mucho regocijo, ya que ama lo que hace y más aún que con estas ganancias puede educar a sus 8 hijos. Ahora, espera que cuando sus hijos alcancen la mayoría de edad, sean hombres de ejemplo en su comunidad, pues eso lo haría muy feliz. Este es su quinto crédito con MFP, donde ha demostrado ser un cliente muy responsable, por lo que reitera su compromiso de pago para este préstamo, ya que le tiene mucha gratitud a su banco comunal, pues considera que el préstamo es muy valioso para su progreso. El dinero que ahora solicita es para la compra de fertilizantes químicos, asimismo piensa incrementar sus plantas de carambolas.

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Journal entries for Pedro


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

Thank you for your loan. It has been disbursed to Pedro 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 Pedro

  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