Saturnino


Status: Paid Back

$250.00   Loan Request
$250.00   Paid Back

About the Entrepreneur

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

About the Loan

Loan Amount: $250.00
Loan Use: Purchase of fertilizer and other treatments to prepare his farmland
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 4, 2008
Date Disbursed: Aug 18, 2008
Date Funded:Aug 4, 2008
Loan Ended:Mar 16, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8338 PEN = 1 USD



Saturnino, es una hombre muy trabajador, es agricultor, se esfuerza para obtener productos de calidad que le generen mejores ingresos para su hogar.Las dificultades de Saturnino en este momento son económicas, no puede adquirir los tratamientos y fertilizantes para sus sembríos. Por ello solicita este préstamo, para adquirir estos productos y lograr una adecuada preparación de su tierra y por ende unos productos de mejor calidad.

Translated from Spanish by Eliza Wethey, Kiva volunteer.



Saturnino is a hard-working farmer who works very hard to obtain quality products that will generate better income for his home. Saturnino’s currently has economic difficulties as he is unable to obtain fertilizers and other treatments for planting. Thus he is asking for a loan in order to be able to acquire these products and ensure the adequate preparation of his land and produce better quality products.


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Lenders to this entrepreneur

Omtara1008
Ross, CA
United States

eileen
hampton, VA
United States

He Just Laughs
Jersey City, NJ
United States

Anonymous

Kay
Columbia, MD KivaFriends.org
United States

Travis
Fort McMurray, Alberta
Canada

Asbjorn Osland
San Jose, CA
United States



Journal entries for Saturnino


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

Thank you for your loan. It has been disbursed to Saturnino 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
Aug 18, 2008
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Update on Saturnino
 
Entrepreneur: Saturnino
Location: Tarma, Peru

Mr. Saturnino Quispe Soliano is a potato farmer in the small village of San Juan, a three-hour bus ride away from Tarma, Peru. His village sits on the ridge of a farming valley that gradually descends from the sierras to the beginnings of the jungle at La Merced. Saturnino has the fortune of not only owning a house that sits a hundred meters from the village plaza but also having his field located right next to his house. He used your loan to buy fertilizer when he planted his latest crop of potatoes; the fertilizer ought to help improve his yield. Saturnino owns his field and pays a minimal 28-30 soles in taxes a year on it; his house is likewise his own and he has lived there for 30 years. Mr. Quispe Soliano has a 22 year-old son who also lives with him. Saturnino works from 8am to 5pm in the three hectares that he owns. During planting and harvest seasons, he often hires 4 or 5 peones (day laborers) to help him. He pays them 15 soles a day and their work is usually needed for 2 or 3 days at a time. Each potato crop brings in about 8000 soles in profits from the 15,000 kilos it yields. His next harvest comes in March/April. Thank you for supporting Saturnino; if all turns out well, the capital you lent should lead to a bigger harvest for him in the months ahead.

There is a 38 second clip of my framing the shot with Saturnino in my longer video about that day as a Kiva Fellow that you can find here: http://fellowsblog.kiva.org/2008/12/21/a-day-in-the-life-of-a-kiva-fellow/. My flashback to Saturnino is at 2:54 if you don't want to watch the whole video.


Posted by Joshua Bull from Tarma, Peru
Jan 23, 2009
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Kiva Help Repayment Schedule for Saturnino

  Expected Repayments Actual Repayments Comments
November 2008 $41.67 $42.00 Repayment Received
December 2008 $41.67 $42.00 Repayment Received
January 2009 $41.67 $41.00 Repayment Received
February 2009 $41.67 $41.67 Repayment Received
March 2009 $41.67 $41.67 Repayment Received
April 2009 $41.65 $41.66 Repayment Received