Esteban


Status: Paid Back

$425.00   Loan Request
$425.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Esteban
Location: Oxapampa, Peru
Activity: Manufacturing

About the Loan

Loan Amount: $425.00
Loan Use: To purchase a table saw
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 3, 2008
Date Disbursed: Nov 11, 2008
Date Funded:Dec 6, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0917 PEN = 1 USD



Esteban is 26 years old, single, lives with his parents, and works for them. Since he was a boy he has grown citrus and other fruit trees, but six years ago he began cutting down trees. He now has an established clientele for whom he provides wood to be made into fruit crates. He begins working at 4:00am, when he goes deep into the forest to look for mature trees. He pays S/20.00 (approximately US $6.50) for each tree and then sells the cut wood for S/36.00 (approximately US $11.50). It is a very profitable enterprise, and for most of the year he completely covers his expenses. During the rainy season, however, he cannot remove the trees from the forest. This is his fourth loan from Microfinanzas PRISMA. With this loan he will purchase a table saw which will greatly facilitate his work.

Translated from Spanish by Kris Vickery, Kiva Volunteer


Esteban tiene 26 años, es soltero, vive con sus padres y trabaja para ellos. De niño se dedicaba a la siembra de cítricos y demás frutas, pero hace 6 años viene talando arbolés y tiene sus clientes ya conocidos a quienes provee de madera, para la elaboración de cajones de fruta. Su actividad inicia a las 4.00am se va a las profundidades de la selva a buscar los arbolés maduros, compra cada tallo a S/.20.00 y el los vende a S/ 36.00 ya trozados en trocos. Esta actividad le es muy rentable, todo este tiempo solventa así sus gastos, solo encuentra dificultades en tiempos de lluvia, ya que no puede sacar su carga. Este es su 4to préstamo con MFP. El haber accedido a este préstamo le permitirá comprar un motor de aserrar para facilitar su actividad.

Subscribe

Lenders to this entrepreneur

RJR
Santa Monica, CA
United States

Anonymous
Mountain View, CA
United States

Patti, MIke & Alex
Wilmington, NC
United States

Claus-Peter
www.kivafriends.org,
Germany

Christine
Toronto, Ontario
Canada

John
Santa Rosa, CA
United States

CS Management
Cincinnati State College, OH
United States

Gary
Lacey, WA
United States

Chuck
Seattle, WA
United States

Cary
Los Gatos, CA
United States

Stephen
Ft Collins, CO
United States



Top Lending Teams for this entrepreneur


Seattle
Local Area
232 Members

Kiva Team Germany
Local Area
525 Members

Journal entries for Esteban


Loan has been disbursed
 
Entrepreneur: Esteban
Location: Oxapampa, Peru

Thank you for your loan. It has been disbursed to Esteban 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 Oxapampa, Peru
Dec 7, 2008
Comment on this entry

Aumenta su producción.
 
Entrepreneur: Esteban
Location: Oxapampa, Peru

Con el préstamo, Esteban no pudo comprarse la motosierra que tanto deseaba, sin embargo su capital lo invirtió en una moto lineal de segunda mano, con el que se ayuda a transportarse, eso ha minorado las horas de viaje hacía al bosque. El aserrar los árboles y convertirlos en tablillas para la construcción de cajones para frutas lo hace continuamente, debido al tiempo que se ahorra el movilizarse con su moto, ante eso tiene más demanda de sus clientes en consecuencia tiene más ingresos. Está muy agradecido por el préstamo que le dio MFP y pueda mejorar su producción y progresar poco a poco.


Posted by Rozana Guevara Centeno from Oxapampa, Peru
Aug 24, 2009
Comment on this entry

Kiva Help Repayment Schedule for Esteban

  Expected Repayments Actual Repayments Comments
February 2009 $70.94 $70.94 Repayment Received
March 2009 $70.94 $70.94 Repayment Received
April 2009 $70.94 $70.94 Repayment Received
May 2009 $70.94 $70.94 Repayment Received
June 2009 $70.94 $70.94 Repayment Received
July 2009 $70.30 $70.30 Repayment Received