Sergio Julio

Status: Paid Back

$600
Loan Request
Disbursed : Nov 12, 2007
Listed: Oct 29, 2007
Funded: Oct 29, 2007
$600
Paid Back
Ended: May 12, 2008

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0100 PEN = 1 USD


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Juliaca, Peru   Repayment Term: 9 months
(more info)
Activity: Crafts   Repayment Schedule: Monthly
Loan Use: To buy a clay mixer and pay for kiln repairs.   Currency Exchange Loss: Covered
      Default Protection: Covered
Sergio and his enterprising wife Antonia have been together for more than fifteen years. They work very hard to give their five children a good home. The whole family works together making clay piggybanks in various sizes, colors and models to export. Recently, while everything was going well, Sergio was struck with apendicitis and had to have an operation. He was recovering slowly when he suffered a severe setback. Sergio is unable to work and his medical treatment has been very costly but Antonia has taken up the reins and the children too are working very hard to get by. The family has a great backlog of orders to fill and they need to streamline and ramp up production. They are asking for a loan to buy a clay mixer and to refit the kiln. They promise to repay the loan within seven months. Sergio and his faithful wife are counting on your help.

Translated by a Kiva volunteer.




Sergio y su emprendedora esposa Antonia formaron su hogar hace más de 15 años, con muchas ilusiones de ofrecer lo mejor a sus cinco hijos, la familia en pleno se dedica a la elaboración y venta de alcancías de diferentes modelos, tamaños y colores, fabricados con arcilla para luego exportarlos en grandes cantidades al exterior.Cuando todo marchaba bien en su hogar Sergio enfermó y tuvo que ser operado de apendicitis en un nosocomio de su pequeña ciudad se iba recuperando poco a poco con sumo cuidado, sin embargo acaba de sufrir una recaída y el tratamiento para restablecerse con éxito está siendo muy costoso es por eso que su fiel esposa Antonia ha asumido las riendas de su hogar y con ayuda de sus queridos hijos trabaja arduamente para cubrir los gastos que le demanda la recuperación de Sergio.En estos momentos tienen gran cantidad de pedidos y necesitan acelerar la producción de su mercadería, para eso solicitan un préstamo para invertirlo en la compra de una batidora de arcilla y refaccionar su horno a fin de mejorar y acelerar la producción de su mercadería comprometiéndose a devolver vuestro generoso aporte en un período de siete meses.“En estos momentos Sergio y su incondicional esposa necesitan de nuestra ayuda, ellos esperan pronto una respuesta alentadora”


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Lenders to this entrepreneur

Kakbank
Göteborg,
Sweden

Diane R
KivaFriends.org, Santa Clara, CA
United States

dona&ed
ENCINITAS, CA
United States

Michael and Sarah
Redondo Beach, CA
United States

Jane
San Francisco, CA
United States

Warren
Chelsea, MI
United States

Pat
Winfield, IL
United States

Christopher
Richmond, IN
United States

Richie.us
Delft,
Netherlands

Anonymous

Chuck & Barbie
Joshua Tree, CA
United States

Rita
New York, NY
United States



Journal entries for Sergio Julio


Loan has been disbursed
 
Entrepreneur: Sergio Julio
Location: Juliaca, Peru

Thank you for your loan. It has been disbursed to Sergio Julio Vilca Choque by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the next 6 - 12 months, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Juliaca, Peru
Nov 12, 2007
Comment on this entry

Sergio Julio Vilca Choque
 
Entrepreneur: Sergio Julio
Location: Juliaca, Peru

Sergio and his family are putting in long hours to fulfill all of their Christmas orders. In addition to the ceramic piggy banks, they also produce ceramic figurines for nativity scenes very popular in Peru. The production of these is what causes the Christmas season to be so crucial and busy. Sergio used this loan to purchase clay and paint. He had hoped to purchase a clay mixer, but with the high demand before Christmas he had to purchase more materials instead. He hopes to invest in the clay mixer in January.

Sergio is still suffering from appendicitis, which he attributes to the long days he puts in. He begins working at 7:00 am and works until 2:00 am, in the crisp weather of Juliaca. His dedicated wife and family have truly demonstrated their love and respect for Sergio by taking control of the business and seeing that everything gets taken care of according to his high standards. This has allowed Sergio some time to rest and recuperate, and he is hoping for a full recovery.

Many businesses who produce figurines similar to Sergio’s sell them to a middle man who paints them. Sergio, however, takes great pride in creating every aspect of the figurines. He first mixes the clay and pours it into molds, which dry for a few days and are then ready to be fired. After firing, Sergio paints each intricate piece with care, and only after he is satisfied with the quality does he sell them. He has various sizes of figurines and piggy banks, and can sell the medium size for 140 Soles, about $45, per 1000. He has requests coming all the way from Bolivia for his work, and his goal is expand his client base throughout not only Peru but the neighboring countries as well.

Sergio’s family, although under a lot of stress and pressure due to Sergio’s illness, is clearly a loving and supportive family regardless of circumstance. Sergio’s five children, ages 17 to 1 ½, give him inspiration to get up each day and fight. His dream is to send each one to the university of their choice so they can study and become professionals and avoid the struggles he has had to endure.


Posted by Maren Misner from Juliaca, Peru
Nov 28, 2007
Comments (2)

Kiva Help Repayment Schedule for Sergio Julio

  Expected Repayments Actual Repayments Comments
February 2008 $100.00 $100.00 Repayment Received
March 2008 $100.00 $100.00 Repayment Received
April 2008 $100.00 $100.00 Repayment Received
May 2008 $100.00 $100.00 Repayment Received
June 2008 $100.00 $100.00 Repayment Received
July 2008 $100.00 $100.00 Repayment Received