Oswaldo

Thank you for your loan. It has been disbursed to Oswaldo 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.

Mr. Oswaldo Meza farms in a valley about an hour outside of Tarma with his extended family. With your loan, Oswaldo bought three cattle to augment his family’s income from farming. These three cattle are the first he has ever owned. In four more months, Oswaldo will sell the three cattle for about 1500 soles each and realize a profit of 1500 soles in total. If you look in the photo below carefully, you can see one of the cows grazing on the edge of his family’s fields near the river on the left (the other two were further to the right of Oswaldo). His father, himself, and several other family members work in their fields growing vegetables and flowers (they were harvesting potatoes and lettuce at the time of the interview and planting more flowers). Your loan is the third loan that he has received from PRISMA, which is also his first experience with microfinance. He told me that things are going well and that he has enjoyed his relationship with PRISMA. In the photo, he is with his four-year-old daughter named Rosario. He and his wife are considering buying their own land in Palca (a village down the highway) or even a car. Currently he works on his father’s fields and their families all live together. While his normal workday is from 7am to 5pm, he moonlights as a driver and assistant on a nearby truck route from the jungle to Lima. When he goes on one of these trips, he can be gone for half a week to a week. Thank you for being a part of Oswaldo’s first venture into owning cattle.