Mene Caleb Yumanga


Status: Paid Back

$350.00   Loan Request
$350.00   Paid Back

About the Entrepreneur

Name: Mene Caleb Yumanga
Location: Tarma, Peru
Activity: Farming

About the Loan

Loan Amount: $350.00
Loan Use: Purchase yucca plantations and begin growing bananas and citrus.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 17, 2008
Date Disbursed: Oct 1, 2008
Date Funded:Sep 17, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.9925 PEN = 1 USD



Mene is a 29 year old man who lives with his wife and their 3 children, ages 5, 3, and 2. He works growing yucca, which for the season was very sought after in the markets. It is a product which requires daily attention in the fields in order to meet the requirements of the customers. Mene works all day in the fields, something that he is used to; having done it for 10 years. What makes him the happiest is that his wife comes to help him in the afternoons. The work together to fertilize and cultivate their crops sufficiently. The hardest part is that the fertilizer is quite expensive, and they require a significant investment. Mene would like to use the money that he is requesting to purchase yucca plantations and to begin new crops such as bananas and citrus; and in time be a prosperous farmer and merchant.

Translated from Spanish by James Comstock, Kiva Volunteer


Mene tiene 29 años, vive con su esposa y sus tres hijos de 5, 3 y 2 años de edad. Está dedicado a la producción de yuca, que por temporada, tuvo gran acogida en los mercados, es un producto que todo el tiempo es solicitado en las chacras, para satisfacer los requerimientos de los compradores tiene que cuidar sus terrenos de cultivo casi por todo un día, lo cual no le parece muy complicado, ya que desde 10 años se dedica a esta actividad.Lo que más le agrada, es que su esposa viene a ayudarlo por las tardes, compartiendo las labores juntos, tratando de limpiar y abonar sus sembríos adecuadamente. Lo más perjudicial es que los abonos son muy costosos y generan una inversión considerable.
Mene desea el dinero que solicita para invertirlo en la compra de plantaciones de yuca e incrementar nuevas producciones, como de plátano y cítricos; y con el tiempo ser un próspero agricultor y comerciante.

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Journal entries for Mene Caleb Yumanga


Loan has been disbursed
 
Entrepreneur: Mene Caleb Yumanga
Location: Tarma, Peru

Thank you for your loan. It has been disbursed to Mene Caleb Yumanga by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the next 8 months, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tarma, Peru
Oct 1, 2008
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Kiva Help Repayment Schedule for Mene Caleb Yumanga

  Expected Repayments Actual Repayments Comments
January 2009 $43.75 $43.75 Repayment Received
February 2009 $43.75 $43.75 Repayment Received
March 2009 $43.75 $43.75 Repayment Received
April 2009 $43.75 $43.75 Repayment Received
May 2009 $43.75 $43.75 Repayment Received
June 2009 $43.75 $43.74 Repayment Received
July 2009 $43.75 $43.75 Repayment Received
August 2009 $43.75 $43.76 Repayment Received