Juan


Status: Paying Back

$575.00   Loan Amount
8% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Juan
Location: Lima, Peru
Activity: Carpentry

About the Loan

Loan Amount: $575.00
Loan Use: To buy woodworking tools
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 27, 2009
Date Disbursed: Sep 24, 2009
Date Funded:Sep 27, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9050 PEN = 1 USD



Juan is 45 years old. He is an enthusiastic and industrious man, and therefore always encouraging his family to preserve to achieve their goals. He lives in his own house with his wife and his three small children. He has worked as a carpenter for ten years. In the beginning he had many problems installing his workshop and had to work in diverse business to obtain sufficient money to buy his machinery. With time he managed to install a workshop inside their house and is now the most recognized carpenter in the region, because his works are of the highest quality. What pleases Juan most about his work is varnishing the furniture, which causes the furniture to obtain a special beauty. On the other hand, he considers the most difficult part of his work making large furniture for rooms because they have to be finished perfectly, however large furniture is also very profitable because the cost of production is increased for the time invested. In the future, Juan desires to expand its workshop and to acquire new machinery that will permit him to expedite his work. This is his first credit with Microfinanzas PRISM, an affiliate of Kiva, and he intends to work responsibly and comply with his payments. With the 1600 soles that he is requesting, he will buy tools to work with wood with greater accuracy.

Translated from Spanish by Lois Parshley, Kiva Volunteer


Juan tiene 45 años, es un hombre trabajador y entusiasta, pues siempre ánima a su familia a perseverar para lograr sus metas. Vive en su casa propia junto a su esposa y sus tres hijos menores de edad. La actividad que realiza es la carpintería, negocio que lo acompaña desde hace 10 años. En sus inicios tuvo muchos problemas para instalar su taller y tuvo que trabajar en diversas empresas para conseguir el dinero suficiente para comprar su maquinaria, con el tiempo logró instalar su taller dentro de su casa y ahora es el carpintero más reconocido de su localidad, pues los trabajos que realiza tienen un acabado de calidad. Lo que más le agrada a Juan de su trabajo es barnizar los muebles, pues así obtienen una belleza especial; por otro lado, considera que lo más difícil de su labor es realizar los muebles grandes para salas, pues beben tener acabados perfectos, pero también son muy rentables porque el costo de producción se incrementa por el tiempo invertido. Para futuro, Juan desea ampliar su taller y adquirir nueva maquinaria que le permita agilizar su trabajo.
Este es su primer crédito con Microfinanzas PRISMA y tiene todo el ánimo de trabajar responsablemente con cumpliendo de sus cuotas de pago. Con los mil seiscientos soles que viene solicitando comprará algunas herramientas para trabajar con madera con mayor exactitud.

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Journal entries for Juan


Loan has been disbursed
 
Entrepreneur: Juan
Location: Lima, Peru

Thank you for your loan. It has been disbursed to Juan 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 Lima, Peru
Sep 28, 2009
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Kiva Help Repayment Schedule for Juan

  Expected Repayments Actual Repayments Comments
December 2009 $48.08 $48.08 Repayment Received
January 2010 $49.30 Available Jan 1  
February 2010 $51.98 Available Feb 1  
March 2010 $54.06 Available Mar 1  
April 2010 $55.22 Available Apr 1  
May 2010 $59.28 Available May 1  
June 2010 $60.46 Available Jun 1  
July 2010 $63.22 Available Jul 1  
August 2010 $65.56 Available Aug 1  
September 2010 $67.84 Available Sep 1