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Demetrio
Demetrio is a very hard working 61-year-old man. Never married, he lives by himself in his own house. For the past two and a half years he has rented out his garage to house the cars of food vendors. He decided to venture out into this business due to the fact that his retirement pay was not enough to cover his expenses. For this reason he launched a business that he could run from his home. Currently the garage accommodates 14 cars at the rate of 2 soles a day, used as extra income to help his finances. On the other hand, Demetrio’s work also serves as a way for him to stay active and not feel alone. This is the second individual loan that he has requested with MFP, and with the money he plans to increase his garage space in order to accommodate more cars and increase his income.
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Demetrio es un hombre muy trabajador, tiene 61 años, y nunca se casó, es por ello que vive solo en su casa propia. Desde hace 2 años y medio se dedica al alquiler de su cochera para guardar carritos sangucheros y salchipaperos (carritos que venden comida). Decidió incursionar en este negocio debido a que su sueldo de jubilado no le alcanza para cubrir todos sus gastos, es por ello que emprendió un negocio que puede realizar desde su propia casa. Actualmente alberga 14 carritos, los cuales le pagan al día dos soles, con lo cual Demetrio genera algunos ingresos extras para su economía. Por otro lado, nos comenta que este trabajo es una forma de mantenerse activo y no sentirse solo. Este es su segundo préstamo individual con MFP, y con el dinero que viene solicitando planea ampliar el espacio de su cochera para poder albergar a más móviles e incrementar sus ingresos.

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About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Peru

  • $12,000
    Average annual income
  • 86
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD