Jose Luis


Status: Paying Back

$1,025.00   Loan Amount
6% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Jose Luis
Location: Lima, Peru
Activity: Motorcycle Transport

About the Loan

Loan Amount: $1,025.00
Loan Use: Down payment on a moto-taxi
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 28, 2009
Date Disbursed: Aug 26, 2009
Date Funded:Aug 29, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9600 PEN = 1 USD





Jose Luis is a 20-year-old young man who has two mototaxis, one of which he drives to transport passengers and the other he rents out. He acquired these vehicles through much effort and dedication because, though young, he is very responsible and wants to get ahead and make a better future for himself. He usually rents out one of his mototaxis on a daily basis and he drives the other one from very early in the morning until 8 at night. This is very exhausting work because he must go from one end of town to the other according to his passengers' wishes. Besides, the noise of the engine is very uncomfortable but Jose Luis has been able to rise above these inconveniences and work hard towards his ultimate goal of having a fleet of mototaxis thereby forming a transportation company. But that's not all. Jose Luis also loves to cook and another of his dreams is to have a restaurant specializing in ceviche and he is already looking for a piece of property that would be appropriate for his restaurant and to store his mototaxis. This is his first loan with MFP and he pledges to be punctual with his payments. These funds will be used as a down payment for the purchase of an additional mototaxi.

Translated from Spanish by Michael Bujazan, Kiva Volunteer


José Luis es un joven de 20 años, se dedica al transporte de pasajeros y al alquiler de uno de los dos motocarros que tiene, los cuales adquirió a de base a mucho esfuerzo y dedicación, pues siendo tan joven es muy responsable, quiere progresar y forjarse un futuro mejor. Generalmente alquila su motocarro por día y con el otro trabaja él mismo desde muy temprano en la mañana hasta las 8 de la noche. Su actividad es agotadora, pues tiene que ir de un lado para otro según le indiquen sus clientes, además el ruido que hace el motor es muy incómodo, pero José Luis ha sabido sobrellevar muy bien estos pequeños inconvenientes y ponerle mucho más empeño a su labor, ya que su fin es tener una flota de mototaxis para consolidar así una empresa de transportes. Pero eso no es todo, ya que a José Luis también le agrada mucho la cocina y otro de sus sueños es tener un restaurante especializado en ceviche, para ello ya está buscando un terreno, tanto para guardar sus vehículos, como para su futura cevichería. Este es su primer préstamo con MFP y promete ser muy puntual en todos sus pagos, con el dinero que solicita hará el pago inicial para comprar otro motocarro.

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Journal entries for Jose Luis


Loan has been disbursed
 
Entrepreneur: Jose Luis
Location: Lima, Peru

Thank you for your loan. It has been disbursed to Jose Luis by Microfinanzas Prisma in Peru. We are excited to watch this business grow. Over the 12 months of this loan, Microfinanzas Prisma will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lima, Peru
Aug 30, 2009
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Kiva Help Repayment Schedule for Jose Luis

  Expected Repayments Actual Repayments Comments
December 2009 $61.81 $62.01 Repayment Received
January 2010 $72.58 Available Jan 1  
February 2010 $76.26 Available Feb 1  
March 2010 $77.01 Available Mar 1  
April 2010 $81.62 Available Apr 1  
May 2010 $86.04 Available May 1  
June 2010 $86.82 Available Jun 1  
July 2010 $90.53 Available Jul 1  
August 2010 $93.24 Available Aug 1  
September 2010 $96.96 Available Sep 1  
October 2010 $100.12 Available Oct 1  
November 2010 $102.01 Available Nov 1