Carmen

Thank you for your loan. It has been disbursed to Carmen Montes Vilchez 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.

Carmen Montes Vilchez is married to Edward Rojas and has two children ages 10 and 3. In addition to the regular work as a weaver, Carmen and Edward run one of San Pedro de Cajas four radio stations out of their house. Edward deejays Radio Union 104.3 from 6am to 7pm everyday. They buy music cds, play fifteen songs an hour, and use the station as a platform for promoting local talent. They make 1400 to 1500 soles a month from their radio station, receiving monthly payments for reading advertisements over the air. Of this, around 400 soles are profit per month. In addition, the municipality sometimes pays them to read the news or public notices from time to time. Edward learned how to operate a radio station when he was in school fifteen years ago; the husband and wife have owned and operated their own for the past three years. They want to use their proceeds to expand their business (ie buy a bigger antennae and transmitter [now it is just a foot-wide circle attached to the top of a fifteen-foot pole on their roof]).