Hugo Edgardo


Status: Paid Back

$925.00   Loan Request
$925.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Hugo Edgardo
Location: Lima, Peru
Activity: Taxi

About the Loan

Loan Amount: $925.00
Loan Use: Hugo needs 3000 soles for mechanical repairs and new paint for his cars.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 4, 2009
Date Disbursed: Feb 20, 2009
Date Funded:Mar 5, 2009
Loan Ended:Jun 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.2750 PEN = 1 USD



Hugo is a member of the “Mujeres Progresando” (“Women Making Advances”) cooperative bank.

He is married, 54 years old, and has a 28-year old son who is single and helps him with the business.

Hugo started working at seventeen years of age, learning everything mechanical while at an enterprise working with heavy machinery and paving. He was able to buy his first car with his savings.

Hugo has a car rental business, having started by renting out his first car. Currently, he has three cars and the help of his son.

Hugo needs 3,000 soles for mechanical repairs and new paint for his cars. Since he has been with Finca, he has learned to save. The loans he’s requested have been wholly invested into the business because he wants to further succeed.

Hugo’s dream is to get up to ten cars and managing his business.


Translated from Spanish by Mary Lynn Malaby, Kiva Volunteer


Hugo es socio del Bancomunal Mujeres Progresando.
Hugo es conviviente, tiene 54 años, tiene un de 28 años que es soltero que trabaja con él.
Hugo empezó a trabajar a los diecisiete años, aprendió todo sobre mecánica, por que trabajaba en una empresa donde el manejaba maquinaria pesada, asfalto caliente, con sus ahorros pudo comprar su primer carro.
Hugo tiene un negocio de alquiler de carros, empezó comprando un carro y lo alquilo, actualmente tiene tres carros, su hijo le ayuda en el negocio.
Hugo necesita 3000 soles, para la revisión técnica a sus carros y pintarlos.
Desde que está en Finca aprendió a ahorrar, los préstamos que ha pedido todo lo invierte en el negocio, porque quiere surgir más.
El sueño de Hugo es llegar a tener diez carros y el administra su negocio.

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Journal entries for Hugo Edgardo


Loan has been disbursed
 
Entrepreneur: Hugo Edgardo
Location: Lima, Peru

Thank you for your loan. It has been disbursed to Hugo Edgardo by FINCA Peru in Peru. We are excited to watch this business grow. Over the 3 months of this loan, FINCA Peru will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lima, Peru
Mar 6, 2009
Comment on this entry

Hugo
 
Entrepreneur: Hugo Edgardo
Location: Lima, Peru

Hugo, pagó puntualmente su préstamo, pero se ha retirado de su Bancomunal Mujeres Progresando por viaje, tan pronto regrese se reincorporará a su grupo.


Posted by Patricia Zamudio Núñez from Lima, Peru
Aug 12, 2009
Comment on this entry

Kiva Help Repayment Schedule for Hugo Edgardo

  Expected Repayments Actual Repayments Comments
May 2009 $231.25 $231.25 Repayment Received
June 2009 $231.25 $231.25 Repayment Received
July 2009 $231.25 $462.50 Repayment Received
August 2009 $231.25 $0.00 Repayment Received