Luis Mamani Huachuaco

Status: Paid Back

$175
Loan Request
Disbursed : Nov 8, 2008
Listed: Oct 25, 2008
Funded: Oct 25, 2008
$175
Paid Back
Ended: Jun 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0472 PEN = 1 USD


About the Loan

Location: Tarma, Peru   Repayment Term: 8 months
(more info)
Activity: Farming   Repayment Schedule: Monthly
Loan Use: Invest in cultivating caigua, a regional plant that will fetch good prices at the market.   Currency Exchange Loss: Covered
      Default Protection: Covered
Luis, at 22 years old, is a father of a beautiful daughter. He and his wife make a living buying and selling clothes at times and by farming at other timers. They take part in various activities to generate extra income for their small household, and during the planting season they cultivate coffee, bananas and other products. Currently Luis has planted a regional vegetable called caigua with the goal of harvesting it when it can fetch a good price. Sometimes he takes some clothes to sell to the people in the areas surrounding his lands. The difficulty now, however, is that the price of fertilizer is high, but he still enjoys planting and harvesting all kinds of products, and he knows what season to plant which product to make the most of it in the market. At the moment Luis lives in the house of his mother-in-law, so he works arduously so he can acquire his own place and later his own vehicle so he can transport his products. With the loan, he will invest in cultivating caigua, and in five months he can double his return. He will harvest it in January and will sell it through February, the ideal time to sell this product.

Translated from Spanish by Marty Greenstein, Kiva Volunteer


Luis, a sus 22 años, es un padre de una hermosa niña, el y su esposa se dedican a veces a la compra y venta de ropa y en otras veces a la agricultura. Realiza diversas actividades, para generarse ingresos económicos adicionales a los de su chacra, en temporada de siembra cultiva café, plátano, etc., esta vez ha sembrado caigua, con la finalidad de cosechar en temporada de verano, donde tendrá buen precio. Y a veces aprovecha de llevar algunas prendas para vender a las personas cercanas a sus tierras.
La dificultad ahora, son los precios de los abonos, pero a pesar de todo le gusta sembrar, cultivar todo tipo de productos, conoce en qué temporadas se debe sembrar para sacar provecho del precio en el mercado. Luis por el momento vive en la casa de su suegra, por ello es que trabaja con mucho esmero para adquirir su propio hogar, y más adelante adquirir su propia movilidad para que lleve al mercado lo que produce. El invertirá en siembra de caigua, después de 5 meses recuperará su capital y pueda ganar el doble, en enero cosechará y venderá hasta febrero, temporada de buen predio de este producto.

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Lenders to this entrepreneur

Adil
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OneToOne Yoga
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Mitch
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Duncan
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Journal entries for Luis Mamani Huachuaco


Loan has been disbursed
 
Entrepreneur: Luis Mamani Huachuaco
Location: Tarma, Peru

Thank you for your loan. It has been disbursed to Luis Mamani Huachuaco 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
Nov 9, 2008
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Cosechó caiguas.
 
Entrepreneur: Luis Mamani Huachuaco
Location: Tarma, Peru

Luis llegó a comprar el abono necesario para el cultivo de caiguas y del cual cosechó y comercializó en el mercado de Lima, lo cotizó a un buen precio.Solo una cuarta parte falto por cosechar, así que espera su maduración y de esa parte sacar más ingresos para cubrir las necesidades de su familia. Luis un hombre muy productivo y empeñoso continuara con la preparación de la tierra para su posterior plantación de plátanos y otros frutos para expandir su negocio.Luis se siente muy agradecido con los préstamos de MFP ya que cumplió con su objetivo y logró efectuar el pago del préstamo dado.


Posted by Rozana Guevara Centeno from Tarma, Peru
Aug 21, 2009
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Kiva Help Repayment Schedule for Luis Mamani Huachuaco

  Expected Repayments Actual Repayments Comments
February 2009 $29.17 $29.17 Repayment Received
March 2009 $29.17 $29.17 Repayment Received
April 2009 $29.17 $29.17 Repayment Received
May 2009 $29.17 $29.17 Repayment Received
June 2009 $29.17 $29.16 Repayment Received
July 2009 $29.15 $29.16 Repayment Received