Daniel


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

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

About the Loan

Loan Amount: $625.00
Loan Use: Purchase fungicide and fertilizer for his crops
Repayment Term: 10 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Feb 18, 2009
Date Disbursed: Feb 13, 2009
Date Funded:Feb 19, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.2550 PEN = 1 USD



Daniel is a 53-year-old man who has been married for over 10 years and has 8 children—5 of whom live at home with him. After the passing of his father, Daniel inherited his farms in which he has been planting bananas and coffee beans. However, over the past few years, his plants have been turning yellow. Because of that, production has decreased and his crops are not good quality. As a consequence, he does not earn good profits either. Daniel is concerned with finding pesticides and fungicide that will thwart this problem with his plants. Meanwhile, he and his wife work since 6:00 am, he in the farm and his wife prepares breakfast and lunch. At 8:00 am, he returns home to have breakfast, while his wife quickly prepares his lunch box. Afterwards, they both return to the farms to continue with their agricultural duties. Daniel says that he is very happy with his job, but he is worried about the yellow leaves that are affecting his plants and reducing production. He now sets his sights on his coffee bean harvest, which he hopes will bring in good profits so that he can purchase fertilizer and other treatments. Daniel is a quiet person who does not participate in all the microfinance institute’s activities; however, he makes his payments on time. This is his fifth loan with MFP, with which he is very grateful because the loans allow him to work. The money that he is requesting will be used to purchase fungicide so that he can combat the yellow leaves in his banana plants and, if he has enough money, he will also purchase fertilizer.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer


Daniel tiene 53 años de edad, es casado hace más de 10 años, tiene 8 hijos, de los cuales con 5 de ellos viven en su casa. Tras el fallecimiento de su padre Daniel heredó sus chacras donde en todo este tiempo ha venido sembrando plátanos y café, pero en los últimos años las hojas de sus plantas se están tornando de color amarillo, debido a ello su producción baja y sus cosechas no son buenas, en consecuencia tampoco le pagan un precio considerable, por ello la preocupación de Daniel que está buscando insecticidas o funguicidas que contrarresten este mal en sus plantas. Mientras tanto él y su esposa trabajan desde las 6.00am, él en la chacra y su esposa prepara el desayuno y el almuerzo, y a eso de la 8.00am regresa a su casa para desayunar, mientras que su esposa prepara con prisa las viandas a cargar; después ambos retornan a sus chacras para proseguir con los trabajos agrícolas. Daniel dice estar muy contento con su trabajo, solo le preocupa las hojas amarillas de sus plantas que están mermando su producción; ahora su esperanza es la cosecha de café con la que espera ganar bien para comprar fertilizantes y demás remedios. Daniel es una persona callada y no participa de todas las actividades de su banco comunal, pero realiza sus pagos puntualmente. Este es su 5to préstamo con MFP con quien está muy agradecido porque le permitirle trabajar. El dinero que está solicitando es para la compra de funguicidas para combatir las hojas amarillas de sus plantas de plátanos y si le alcanza también comprará fertilizantes.

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Journal entries for Daniel


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

Thank you for your loan. It has been disbursed to Daniel by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 7 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
Feb 20, 2009
Comment on this entry

Mejoró la producción de plátanos.
 
Entrepreneur: Daniel
Location: Tarma, Peru

Daniel esta muy contento con el crédito que le concedió Microfinanzas PRISMA ya que así pudo invertirlo en la compra de funguicidas y fertilizantes químicos para combatir las plagas del follaje y evitar la coloración amarilla que lleva luego el sacamiento de la planta. De esta manera los platanales se mostraron saludables y resistentes por lo que se realizó una buena cosecha en la primera quincena del mes que en adelante sería así, por lo que llegó acumular buenos ingresos de su comercialización. Este progreso lo motiva a seguir trabajando con dedicación y cuidado a esta actividad, es por ello que él esta muy agradecido con las personas que dieron el préstamo para que pueda invertir en sus plantaciones y desarrollar más su producción. En adelante seguirá trabajando en sus chacras, limpiando y sacando las maleza y arbustos de sus plantaciones de plátanos ya que espera recolectar buenos frutos y con ello ofrecer un mejor bienestar a su familia e hijos.


Posted by Betsabé Bruno Morales from Tarma, Peru
Oct 27, 2009
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Kiva Help Repayment Schedule for Daniel

  Expected Repayments Actual Repayments Comments
December 2009 $625.00 $625.00 Repayment Received