Ulises Amilcar

Status: Paid Back

$275.00		Loan Request
$275.00		Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)

Name:	Ulises Amilcar
Location:	Tarma, Peru
Activity:	Farming

About the Loan

Loan Amount:	$275.00
Loan Use:	Acquire supplies for his farm.
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 4, 2008
Date Disbursed:	Jul 18, 2008
Date Funded:	Jul 4, 2008
Loan Ended:	Feb 15, 2009

About the Field Partner

Field Partner:

Microfinanzas Prisma

Field Partner Risk Rating:

(Learn more)

Active

28 months

6786

$3,305,850

0.01%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Peru
Avg Annual Income:	$6,715.00
Currency:	Peru Nuevos Soles (PEN)
Exchange Rate:	2.9458 PEN = 1 USD

Ulises is a hard working man dedicated to agriculture. He wishes to increase the output of his fields and therefore improve the income for his home, especially for the education of his children who are still school age and need many school supplies. This is especially true of his oldest daughter, who had to move away from her parents to get a better quality education and is currently living in a neighboring city at the home of a relative. Without a doubt, Mr. Sivestre wants to increase his income to be able to cover all these expenses. For this reason he needs to buy new seeds and fertilizer for his fields.

Translated from Spanish by Laura Bobbit, Kiva volunteer.

Ulises es un hombre trabajador y dedicado a la agricultura, él desea poder incrementar la producción de sus terrenos y así mejorar los ingresos para su hogar, en especial para la educación de sus hijos, quienes son aún escolares y requieren de mayor cantidad de útiles, sobre todo, su hija mayor, que tuvo que alejarse de sus padres para procurar una mejor calidad de educación y está ahora en una ciudad vecina en casa de un pariente de la familia. Pero sin duda, don Ulises requiere incrementar sus ingresos para tener la posibilidad de solventar todos estos gastos. Para esto debe comprar nuevas semillas y abonos necesarios para sus tierras.

Lenders to this entrepreneur

Jeff
Vancouver, British Columbia
Canada

Takahisa
Musashino-shi, Tokyo,
Japan

ArtBushkin
Vienna, VA
United States

Douglas
Stillwater, MN
United States

Daniel
Walnut Creek, CA
United States

Dirk
Hamburg,
Germany

Cindy
Spokane, WA
United States

kathleen
Los Angeles, CA
United States

Silke
Düsseldorf,
Germany

Journal entries for Ulises Amilcar

Loan has been disbursed Entrepreneur: Ulises Amilcar Location: Tarma, Peru Thank you for your loan. It has been disbursed to Ulises Amilcar 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 Jul 18, 2008
Comment on this entry

Update on Ulises Entrepreneur: Ulises Amilcar Location: Tarma, Peru Mr. Ulises Anilcar Galarza Llasca used your loan to buy 25 sacks of potato seeds for this season’s planting. Your loan marked the third time he has received loans from Microfinanzas PRISMA and his experience with this Field Partner has been a good one so far. He has been working in his fields for 20 years now but now with the loans his situation is slowly improving because he can spend more in the planting. While he normally works alone in his fields, during times of need (ie planting and harvest) he typically hires one or two helpers who he pays 20 soles a day. He is married and has four children ages 3, 4, 6, and 8. Pictured with him is his son Richard Jose. Ulises wants to build up enough capital so that he won’t need loans. Right now, he uses loans because it allows him to build up his equity capital faster than before. After the potatoes have been harvested, a merchant in Tarma (a town of 10,000 about three hours drive away) determines the price he’ll pay. On average, Ulises gets about 80 centavos for each kilo. With his typical harvest of 8,000 to 10,000 kilos, Ulises makes about 1,500 to 2,000 soles in profits (the typical growing season is 5 to 6 months). Thank you for your loan. I made a video of my journey to Ulises' village that can be found on the Fellows blog here: http://fellowsblog.kiva.org/2008/12/21/a-day-in-the-life-of-a-kiva-fellow/
Posted by Joshua Bull from Tarma, Peru Jan 23, 2009
Comment on this entry

Repayment Schedule for Ulises Amilcar

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	Expected Repayments	Actual Repayments	Comments
October 2008	$45.83	$46.00	Repayment Received
November 2008	$45.83	$46.00	Repayment Received
December 2008	$45.83	$46.00	Repayment Received
January 2009	$45.83	$45.33	Repayment Received
February 2009	$45.83	$45.83	Repayment Received
March 2009	$45.85	$45.84	Repayment Received