Marcelino


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: Marcelino
Location: Tarma, Peru
Activity: Carpentry

About the Loan

Loan Amount: $625.00
Loan Use: To purchase a sander and fertilizer for plants.
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 18, 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



Marcelino is 58 years old, has been married for 39 years, and is the father of six children. At present the family lives in their own house. He cultivates fruit-bearing plants, and after each harvest his wife sells the produce at the nearby markets in their neighborhood each weekend. When he is not working on the cultivation, he works as a carpenter from a small space in their house that has been set up as his workshop. Marcelino is happy and pleased to build many types of custom-ordered furniture. The tools he uses in his work are indispensable because they save him time and effort. He has been involved in this business for the last 17 years and because of his experience, he is able to creatively finish the different pieces he makes, to the great satisfaction of his customers. Marcelino has recently delegated the role of president of the communal bank to another member. During his tenure he worked with efficiency and responsibility. This is the 5th loan with MFP and he has always made payments punctually. With some of the funds requested, he will buy a sander; with the remaining funds, fertilizer for the plants he cultivates. Marcelino is grateful to MFP because it has made it possible for him to continue working.

Translated from Spanish by Lisette Artiga, Kiva Volunteer


Marcelino tiene 58 años, está casado hace 39 años, es padre de 6 hijos y actualmente viven en su casa propia. Se dedica a la siembra de plantas frutales, después de cada cosecha su esposa comercializa sus productos en los mercados más cercanos de su zona cada fin de semana. Cuando no se ocupa de sus cultivos realiza labores de carpintero en un pequeño espacio de su casa que se ha convertido en su taller de trabajo, Marcelino se siente muy feliz y complacido de realizar todo tipo de muebles, según el pedido de sus clientes, para ello es indispensable las herramientas que utilice, porque ellas le ahorran tiempo y esfuerzo. Desde hace 17 años que realiza este oficio y con toda la experiencia ganada ahora le pone mucha creatividad en el acabado de sus diferentes piezas, por lo que sus clientes se van muy satisfechos. Marcelino acaba de delegar su cargo de presidente en su banco comunal a otro miembro, en todo este tiempo demostró eficiencia y responsabilidad en su labor. Este es su 5to préstamo con MFP pagando con puntualidad sus cuotas. Con una parte del dinero que solicita comprará de una máquina lijadora, y con el resto, fertilizantes para sus cultivos. Marcelino le tiene mucho aprecio a MFP, porque le ha posibilitado seguir trabajando.

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Journal entries for Marcelino


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

Thank you for your loan. It has been disbursed to Marcelino 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 19, 2009
Comment on this entry

Mejora la fabricación de muebles.
 
Entrepreneur: Marcelino
Location: Tarma, Peru

Con el crédito que le dio Microfinanzas PRISMA, Marcelino pudo comprar su maquina lijadora así como también fertilizantes químicos. Justamente con la maquina que adquirió le resultó de mucha ayuda en su trabajo de carpintería, agilizando la fabricación de sus muebles en menos tiempo y con la mejor destreza e imaginación en sus acabados. Es por ello que agradece a cada uno de ustedes por ayudarle con los préstamos y de esa manera pudo mejorar su trabajo de carpintero. Asimismo se siente muy contento en su banco comunal ya que siendo fiscal cumple con los pagos de sus cuotas a tiempo a la vez que incentiva a los demás miembros que cumplan con sus respectivos pagos. En adelante continuará trabajando ya que anhela tener una maquina despulpadora de café y de esa manera agilice su trabajo en el triturado del café y para ello deseará contar con los créditos para invertir en su negocio.


Posted by Betsabé Bruno Morales from Tarma, Peru
Oct 26, 2009
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Kiva Help Repayment Schedule for Marcelino

  Expected Repayments Actual Repayments Comments
October 2009 $0.00 $45.63  
November 2009 $0.00 $123.70  
December 2009 $625.00 $455.67 Repayment Received