Percy


Status: Paying Back

$350.00   Loan Amount
0% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $350.00
Loan Use: To buy more trees
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 2, 2009
Date Disbursed: Oct 16, 2009
Date Funded:Nov 2, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9100 PEN = 1 USD



Percy is a 23-year old hardworking young man who lives in the house given to his mother by his aunt and uncle. They wanted Percy and his mother to have a good life.

His youth hasn’t inhibited him from working hard to bring money home. On the contrary, it has been his strength since he cuts wood to sell as firewood. This work has given him enough money to help with the household expenses and to buy an electric saw. He shows it off proudly in the photo.

What he likes most about his work is planting trees. Each time he cuts one down another has to be planted in the same spot to replace the original. He has been doing this work for two years. The most difficult part is the cutting down since there is always the danger that a tree will fall on someone. He is very careful.
In the near future he is hoping to buy a small part of the woods where he can take out a tree without having to buy it first.

This is the first loan for Percy with MFP and he is very happy to have the opportunity for credit. He is ready to pay back the installments on time and he is well-liked in his communal bank. With the money he would like to buy new trees to cut down since his requests for the firewood have increased.
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Translated from Spanish by Miriam Palacio, Kiva Volunteer


Percy es un joven de 23 años muy trabajador, vive en la casa que le cedieron sus tías a su mamá, a quien desea dar una buena vida.

Su juventud no le ha impedido trabajar muy duro para llevar dinero a su casa, por el contrario ha sido su principal fortaleza, ya que trabaja cortando madera y vendiéndola como leña, esta actividad le ha dado el dinero suficiente para ayudar en los gastos del hogar y para poder comprarse una sierra eléctrica, la cual muestra orgulloso en la foto.
Lo que más le gusta de su trabajo es plantar árboles, ya que cada vez que corta uno tiene que plantar otro en su lugar para que reemplace al que fue cortado. Lleva 2 años realizando esta actividad y considera que lo más difícil es tener que cortar los árboles, ya que siempre hay el peligro de que caiga sobre alguien, por lo cual es muy cuidadoso al hacerlo.
Para un futuro cercano, espera comprarse un pedazo de bosque donde pueda sacar madera sin tener que comprarla antes.

Este es el primer préstamo de Percy con MFP y está muy feliz por la oportunidad del crédito, por lo que está dispuesto a pagar todas sus cuotas puntualmente, en su banco comunal es muy querido. Con el dinero solicitado comprará nuevos árboles para talar, ya que sus pedidos de madera han aumentado.

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Top Lending Teams for this entrepreneur


Palma High School
Alumni Groups
1 Member

Journal entries for Percy


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

Thank you for your loan. It has been disbursed to Percy by Microfinanzas Prisma in Peru. We are excited to watch this business grow. Over the 3 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
Nov 3, 2009
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Kiva Help Repayment Schedule for Percy

  Expected Repayments Actual Repayments Comments
January 2010 $87.50 Available Jan 1  
February 2010 $87.50 Available Feb 1  
March 2010 $87.50 Available Mar 1  
April 2010 $87.50 Available Apr 1