Amancio


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Amancio
Location: Tarma, Peru
Activity: Agriculture

About the Loan

Loan Amount: $525.00
Loan Use: Expand and capitalize his business
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 8, 2008
Date Disbursed: Jan 22, 2008
Date Funded:Jan 8, 2008
Loan Ended:Jul 22, 2008

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9615 PEN = 1 USD



Amancio is 50 years old. He works hard in his small farm of fruits, which for a long time has become the main source of income to provide for his beloved children. The responsibility to fulfill the rolls of father and mother in his home was very difficult . When he was told that he was going to have his first baby he was very happy and he has been since then.



His children are his motivation to keep working hard in obtaining every time better fruits in his harvest. Amancio’s new goal to start in the coffee production, since he did a business research and found out that the investment of the other families members of his community has been very profitable. He ask for your support to reach his desire to continue working for the well-being of his four beloved children. He ask for $525 that will pay off in six months.

Translated from Spanish by Adriana Pierce, Kiva volunteer.



Amancio a sus 50 años, trabaja fervientemente en su chacra de frutas, la cual desde hace mucho tiempo se ha convertido en la principal fuente ingresos económicos para sus queridos hijos, la responsabilidad de cumplir los roles de padre y madre en su hogar era muy dificultoso pero no imposible ya que desde que le informaron que iba a tener su primer bebé estuvo muy feliz por la buena.La retribución diaria de sus hijos a través del inmenso cariño que le manifiesta impulsa a Amancio a seguir trabajando como hasta ahora para obtener cada vez mejores frutos en su cosecha y además para plantearse el nuevo reto de su incursión en la producción de café ya que durante meses realizo un estudio y se dio cuenta que la inversión de las otras familias miembros de su comunidad ha sido muy rentable..Requiere de vuestro apoyo para alcanzar su deseo con el deseo de seguir trabajando para bienestar de sus cuatro queridos hijos.


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Journal entries for Amancio


Loan has been disbursed
 
Entrepreneur: Amancio
Location: Tarma, Peru

Thank you for your loan. It has been disbursed to Amancio Bautista Palomino by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the next 6 months, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tarma, Peru
Jan 22, 2008
Comments (1)

Kiva Help Repayment Schedule for Amancio

  Expected Repayments Actual Repayments Comments
April 2008 $87.50 $88.00 Repayment Received
May 2008 $87.50 $88.00 Repayment Received
June 2008 $87.50 $88.00 Repayment Received
July 2008 $87.50 $88.00 Repayment Received
August 2008 $87.50 $88.00 Repayment Received
September 2008 $87.50 $85.00 Repayment Received