Teodoro


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

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

About the Loan

Loan Amount: $650.00
Loan Use: Purchase sacks of fertilizer and seeds
Repayment Term: 9 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Dec 15, 2008
Date Disbursed: Dec 3, 2008
Date Funded:Dec 16, 2008
Loan Ended:Aug 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



Teodoro, 40, has lived for 10 years with the mother of his three children. His parents taught him the art of cultivating the land, and he has always tried to sow his hectares so that he would have a crop in every season. At this time he is sowing potatoes with 15 sacks of seed, after which he will sow three sacks of peas. There is no rest for Teodoro, as soon as one crop has been harvested, another field needs work, then he goes back to sow the first, and in this way they can always be harvesting and they don't run out of money.

He says that to do agriculture needs much patience and luck, because there are seasons where there is no profit, and other seasons are very good, but either way he has to keep sowing, profitable or not. He is a client who is now working for the fourth time with MFPrisma, being very responsible in his payments. Moreover, he is very grateful for the loans that have been facilitated, permitting him to keep planting. Since he is going to sow 15 sacks of potatoes, he needs fertilizer costing $60 per sack, and at the same time he will buy the 3 sacks of pea seeds.

Translated from Spanish by Susan Sanford, Kiva Volunteer


Teodoro tiene 40 años de edad, vive con la madre de sus tres hijos desde hace 10 años. Sus padres le enseñaron al arte de cultivar la tierra, y siempre ha tratado de sembrar varias hectáreas para que la cosecha no falte en ninguna temporada, en esta oportunidad está sembrando papa con 15 sacos de semilla y después sembrará arvejas de tres sacos de semilla. Para Teodoro no hay descanso, terminan de cosechar una, y la otra chacra está para trabajar, y en la otra vuelve a sembrar y de ese modo siempre puedan estar en permanente cosecha y no les falte el dinero. Comenta que para la agricultura hay que tener mucha paciencia y suerte porque hay temporadas donde no se gana, y temporadas muy buenas. Pero igual tiene que seguir sembrando sea rentable o no. Es un cliente que vienen trabajando por cuarta vez con MFPrisma, siendo muy responsable en sus pagos. Además está muy agradecido por facilitarles los préstamos que le permite seguir sembrando. Como va sembrar papa de 15 sacos, para ello le falta abono que cuesta 180 soles el saco, asimismo comprará las 3 bolsas de semillas de arvejas.

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Journal entries for Teodoro


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

Thank you for your loan. It has been disbursed to Teodoro by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 6 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tarma, Peru
Dec 17, 2008
Comment on this entry

Mejoró la producción de papa y alverja.
 
Entrepreneur: Teodoro
Location: Tarma, Peru

Teodoro, siendo un hombre muy trabajador pudo invertir del préstamo que le dieron en la compra de fertilizantes para sus cultivos de papas, así como dos bolsas de semilla de alverja de esta manera se extiende sus cultivos. Desde entonces sus cosechas de papa son de primera calidad, así también la de alverja y vainita que le producen tres veces consecutivas, cotizándolas luego a buen precio en el mercado mayorista de Tarma, permitiéndole acumular ganancias. Es por ello que Teodoro esta muy agradecido con aquellos que lograron poner su granito de arena y por medio de Microfinanzas PRISMA lograron darle el crédito y con ello recuperar sus siembras y tener más ganancias y mejorar su calidad de vida. En el futuro desea extender sus cultivos para aumentar sus cosechas de calidad y de esa manera brindarle bienestar y educación a sus hijos.


Posted by Betsabé Bruno Morales from Tarma, Peru
Sep 29, 2009
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Kiva Help Repayment Schedule for Teodoro

  Expected Repayments Actual Repayments Comments
May 2009 $0.00 $2.64  
September 2009 $650.00 $647.36 Repayment Received