Check out some available loans that are similar to this one!
Luis
Luis is 23 years old and he lives in his parents' home with his parents and his siblings. More than 3 years ago he began to make 'fustanes' (traditional skirts) and blouses with designs which are traditional in his region. He works every day in a workshop which he created inside his home. His main work tool is a sewing machine. In this way he has developed his business activity. He spends half his time making these garments then spends the rest of the day studying. On weekends he goes out to sell what he has produced during the week.

Throughout his time working, Luis has seen how profitable his business has been and, in the future, he would like to buy another sewing machine so that he can increase his production of these traditional garments.

This is Luis' 3rd loan with MFP. He is very happy to know that he has financial support. He is also happy to be a part of his community bank because all the members are people who he knows. They are all responsible and very supportive of each other. He would like to thank all the people who will fund his loan because it will be very useful to him in making progress in his business. He will use his loan to buy material for making blouses and 'fustanes'.
View original language description ↓
Luis tiene 23 años y vive en casa de sus padres, con ellos y sus hermanos. Hace más de 3 años empezó a elaborar por cuenta propia fustanes y blusas con diseños típicos de su región, desde entonces trabaja todos los días en un taller que acondiciono en el interior de su casa, teniendo como herramienta de trabajo una maquina de coser. De esta manera es como ha desarrollado su actividad, le toma medio tiempo elaborar estos prendas, ya que le resto del día que le queda lo dedica al estudio; pero los fines de semana sale a vender lo que ha producido durante toda la semana. En todo este tiempo de trabajo, ha visto lo rentable que ha sido su negocio y por tal, espera tener mas adelante otra maquina de coser para que pueda aumentar la producción de estas prendas típicas. Es el crédito número 3 con MFP, esta muy contento de saber que tiene un apoyo financiero, además le agrada ser parte de su banco comunal porque todos sus integrantes son personas que conoce, responsables y muy solidarias, asimismo agradece a todas las personas que serán gestoras del préstamo que solicita, puesto que le será muy útil en el progreso de su negocio. Con el crédito que recibirá, comprará materiales para la elaboración de blusas y fustanes.

About Peru

  • $6,715
    Average annual income
  • 68
    View loans »
    Peru Loans Fundraising
  • $53,956,025
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Luis to buy material for making 'fustanes' (traditional skirts) and blouses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 28, 2010
Listed
Nov 22, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011