Migdonio


Status: Paying Back

$1,000.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Migdonio
Location: Cusco, Peru
Activity: Transportation

About the Loan

Loan Amount: $1,000.00
Loan Use: To buy and renovate a vehicle to rent
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 30, 2009
Date Disbursed: Oct 28, 2009
Date Funded:Nov 1, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:United States Dollars (USD)



Migdonio is a policeman in Quispancanchis. He and his wife plan to start a side business renting cars. He will use this loan to buy and fix up a vehicle to rent for 150 nuevo sol per day.


Migdonio is 41 years old and is married with three children – 11, 5 and a 1-year-old baby. He is a client of Asociación Arariwa and part of a communal bank consisting of 26 members in Cusco. The group is called "El Amanecer", which means "Daybreak" in Spanish. He is from Convención and lives in Cusco.


Migdonio appreciates, and thanks you for, the loan and promises to make the monthly payments on time.


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Journal entries for Migdonio


Loan has been disbursed
 
Entrepreneur: Migdonio
Location: Cusco, Peru

Thank you for your loan. It has been disbursed to Migdonio by Asociación Arariwa in Peru. We are excited to watch this business grow. Over the 3 months of this loan, Asociación Arariwa will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Cusco, Peru
Nov 2, 2009
Comment on this entry

Kiva Help Repayment Schedule for Migdonio

  Expected Repayments Actual Repayments Comments
January 2010 $239.03 Available Jan 1  
February 2010 $246.20 Available Feb 1  
March 2010 $253.59 Available Mar 1  
April 2010 $261.18 Available Apr 1