Fredy


Status: Paying Back

$350.00   Loan Amount
50% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Fredy
Location: Juliaca, Peru
Activity: Fuel/Firewood

About the Loan

Loan Amount: $350.00
Loan Use: Capital investment into his business
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 22, 2009
Date Disbursed: Jul 20, 2009
Date Funded:Aug 22, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9400 PEN = 1 USD



Fredy is 23 years of age and a happy and good-natured young man. He lives at home with parents and would like nothing more than to give them a peaceful retirement. Fredy delivers gas in order to earn money so that he can complete his technical studies. He is very fast and efficient, which has led him to being promoted to the position of primary distributor of his branch and the right hand of his boss. What he likes most about his job is that he gets to make his deliveries on a motorbike instead of having to walk through the streets of the city. He has been in this business for 3 years, and he believes the most difficult part of his job is carrying gas tanks to the upper floors of buildings, which easily makes him tired. In the future, he would like to start his own gas distribution business so that he can make more money.


Fredy is happy to be receiving his 5th loan with MFP because he plans to invest it well. He is highly respected by the rest of his Communal Bank because he always brings order to the group. With his requested loan of 1000 soles, Fredy plans to become a member of the branch where he works because he feels it is time for him to consider increasing his profits.


Translated from Spanish by Ronan Reodica, Kiva Volunteer


Fredy tiene 23 años, es un joven muy amable y feliz, vive en la casa de sus padres, a quienes desea dar una vejez tranquila. Ser repartidor de gas para Fredy es un trabajo digno, que le permite no sólo ganar el dinero necesario, sino también terminar sus estudios técnicos. Él es un repartidor muy rápido y eficiente, lo que ha hecho que se convierta en el principal repartidor de su sucursal y la mano derecha de su jefe. Lo que más le gusta de su trabajo es salir con la moto a distribuir sus pedidos, ya que aprovecha para pasear por las calles de la ciudad. Lleva 3 años en este negocio y considera que lo más difícil de su trabajo es llevar los balones de gas a los pisos más altos de los edificios, ya que le es muy cansado. Para el futuro anhela tener su propia distribuidora de gas y así tener mejores ingresos económicos. Este es el quinto préstamo de Fredy con MFP y está muy contento por haberlo obtenido, ya que piensa invertirlo bien. En su banco comunal es una persona muy respetada, ya que siempre pone orden en el grupo. Con los mil nuevos soles solicitados planea hacerse socio de la sucursal donde trabaja, porque siente que ya es hora de pensar en aumentar sus ganancias.

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Journal entries for Fredy


Loan has been disbursed
 
Entrepreneur: Fredy
Location: Juliaca, Peru

Thank you for your loan. It has been disbursed to Fredy 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 Juliaca, Peru
Aug 23, 2009
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Kiva Help Repayment Schedule for Fredy

  Expected Repayments Actual Repayments Comments
October 2009 $58.45 $58.45 Repayment Received
November 2009 $58.45 $58.45 Repayment Received
December 2009 $58.45 $58.45 Repayment Received
January 2010 $58.45 Available Jan 1  
February 2010 $58.45 Available Feb 1  
March 2010 $57.75 Available Mar 1