Check out some available loans that are similar to this one!
German
Germán is 38 years old, married, and has three children. They live in the town of Quimbiri, located in the beautiful Peruvian rainforest, where they have their own house made of wood.
Germán says that, in the world of business, “Relationships are very important, as it is these that will determine how successful a person will be”. Germán began to associate with his potential clients with the aim of getting them interested in his coffee-selling business, from which he receives a good income.
Not content with this, Germán made inroads into another business in order to distinguish himself from the competition. He therefore owns a grocery shop, which is managed by his beloved wife. Germán sometimes helps with this new business; however, he is normally busy cultivating his coffee plantations from Monday to Saturday, 7am till 6pm, and also sells his products in the locality.
He normally receives help from his family, but during harvest time he relies on farm workers to assist him, which helps him with the entire harvesting process. Germán’s future plans include being able to sell clothes in order to substantially increase his income, whilst at the same time improve his standard of living.
This is his second loan with MFP, and Germán promises to faithfully abide by the terms of the loan agreement. He is also happy with his community bank as it allows him to save from the profits of his business.
With this loan, Germán wants to purchase merchandise for his shop and therefore be able to vary his wares.
View original language description ↓
Germán tiene 38 años de edad, es casado y tiene tres en su haber. Juntos residen en la localidad de Quimbiri, ubicada en la hermosa selva peruana, donde tienen su propia casa a base de madera. Germán, sostiene que en un mundo de negocios, “las relaciones son muy importantes, ya que determina el éxito de la persona”, bajo esa frase, empezó a congeniarse con sus clientes potenciales, como clientes nuevos, con el propósito de que pueda ofrecer las bondades de su producto de café, de la cual le resultaba buenos ingresos económicos. No contento con ello, incursionó en otro negocio, con la necesidad de que pueda diferenciarse antes sus demás competencia, es así que tienen una tienda de abarrotes, actividad que se hace cargo su querida esposa. En ocasiones trata de ayudar en este nuevo negocio, ya que más tiempo pasa en sus cultivos de café, en donde trabaja de lunes a sábado, a partir de las 7:00 del mañana hasta las 6:00 de la tarde y su punto de venta lo realiza en su misma localidad. Normalmente recibe la ayuda de su familia, pero en tiempo de cosecha tiene a cargo de sus peones, ya que de esa manera permitirá que extraigan su producto final. Su plan a futuro es incursionar en otra actividad, como la venta de ropa, con el propósito de sus ingresos aumenten de manera considerable, y a la vez tenga una buena calidad de vida. Este es su segunda cuota con MFP, por el cual se compromete a seguir cumpliendo con su cronograma de pagos, además está contento con su banco comunal, ya que le permite ahorrar, fruto de las ganancias que percibe en su negocio. Con el crédito que solicita lo piensa invertir en la compra de mercaderías, de esa manera podrá implementar su tienda.

About Peru

  • $12,000
    Average annual income
  • 131
    View loans »
    Peru Loans Fundraising
  • $57,388,050
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped German to purchase merchandise for his store.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 31, 2010
Listed
Sep 13, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011