Miyagi


Status: Paid Back

$550.00   Loan Request
$550.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Miyagi
Location: Juliaca, Peru
Activity: Food Production/Sales

About the Loan

Loan Amount: $550.00
Loan Use: Purchase another mill and more spices
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 1, 2009
Date Disbursed: Mar 20, 2009
Date Funded:Apr 2, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1336 PEN = 1 USD



Miyagi is a very happy young man. He is 20 years old and lives at home with his parents, whom he wants to help with family expenses and feels responsible for giving them tranquility in old age. Although he is still very young, he already has familiarized himself in the commerce of seasonings. He has seven years experience in the activity and does it with a lot of pleasure since he knows he will be able to help his parents with expenses. He divides his time between his business and his university studies, which he does not neglect because he wants to be a good professional and not disappoint his parents. What he most enjoys is that with the business his parents don't have to work more than what's necessary and they have more time to themselves. His goal is to grow his business and have a very large store where he can sell her seasonings and condiments. Grinding is the most difficult part of his work because the spices can get into the air and irritate his eyes, but he knows that he has to continue what he has started and wants to work very hard to make headway. This is his second loan with Kiva partner MFP, and he was very punctual with his first loan and hopes to be timely with this one as well. He is a very attentive and happy young man at his community bank who enjoys working with the other members. With the money he is requesting he will purchase more herbs and spices, as well as another mill to increase his production.

Translated from Spanish by Marty Greenstein, Kiva Volunteer


Miyagi es un joven muy alegre, tiene 20 años y vive en la casa de sus padres, a quienes desea ayudar con los gastos familiares, ya que se siente en la responsabilidad de darles una vejez tranquila. Aunque todavía es muy joven, ya ha incursionado en el comercio de aderezos, lleva 7 años realizando esta actividad y lo hace con mucho gusto, ya que sabe que así puede ayudar a sus padres con los gastos del hogar, él divide su tiempo entre su negocio y sus estudios universitarios, los cuales no descuida, ya que quiere ser un buen profesional y no defraudar a sus padres. Lo que más le gusta es que con su negocio evita que sus padres trabajen más de lo necesario y tengan más tiempo para ellos, anhela ver crecer su negocio y tener una tienda muy grande donde pueda vender sus condimentos. Lo más difícil para él es moler, debido a que las espacias molidas cuando vuelan por el aire le irritan los ojos, aun así sabe que tiene que continuar con lo que ha comenzado y está dispuesto a trabajar muy duro para salir adelante. Este es su segundo préstamo con MFP, ha sido muy puntual en su primer crédito y espera poder serlo ahora también, en su banco comunal es un joven muy atento y alegre, que disfruta de trabajar con las demás socias. Con los mil setecientos nuevos soles que solicita comprará más hierbas y condimentos; además de otro molino para aumentar su producción.

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Journal entries for Miyagi


Loan has been disbursed
 
Entrepreneur: Miyagi
Location: Juliaca, Peru

Thank you for your loan. It has been disbursed to Miyagi by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 5 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Juliaca, Peru
Apr 3, 2009
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Kiva Help Repayment Schedule for Miyagi

  Expected Repayments Actual Repayments Comments
June 2009 $91.56 $91.55 Repayment Received
July 2009 $91.56 $91.56 Repayment Received
August 2009 $91.56 $91.56 Repayment Received
September 2009 $91.56 $91.57 Repayment Received
October 2009 $91.56 $91.56 Repayment Received
November 2009 $92.20 $92.20 Repayment Received