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Frank
Frank, 26, is a young entrepreneur with strong desires to accomplish great things and to improve his quality of life through his work. He lives with his spouse and for the moment do not have children but they live in his parents’ house. His work consists in selling watches, eyeglasses, mobile phone accessories and other items. He has a stand in a very large shopping center in the city so it’s very crowded. He’s been in this line of work for a year and a half and he works alone. What he likes about his business is the large number of people that visits his stand because this means a good movement of money and he does well because of it. Now that the Christmas season is approaching sales will increase. Because of this he hopes to stock up on merchandise and to be able to rent another stand to insure a larger input of money.

This will be his second MFP loan; he is doing very well in this business. The first time he invested he earned well and it was all thanks to being able to get a loan from the institution so he hopes to be able to continue to work together. He will use the requested amount to buy merchandise in the city of Lima to start setting up for the Christmas season because profits will increase.
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Frank, de 26 años, es un joven emprendedor con ganas de realizar grandes cosas y mejorar su calidad de vida en base a mucho trabajo. Convive con su pareja, por el momento no tienen hijos pero habitan en casa de su padre. Su trabajo consiste en la venta de relojes, lentes, accesorio de celulares y otros artículos. Él tiene un stand en un centro comercial muy grande en la ciudad, y por tal es muy concurrido. Lleva ya realizando un año y medio en este trabajo el cual lo hace solo. Lo que le gusta de su negocio es la afluencia de gente que visita su puesto, y eso significa movimiento de dinero, por eso le va muy bien. Ahora que se aproxima la campaña navideña las ventas aumentarán. Por tal espera abastecerse de mercadería, y poder alquilar otro stand más y asi asegurar la entrada de más dinero. Este será el segundo crédito con la institución MFP, le esta yendo muy bien en éste negocio. La primera vez que invirtió gano bien y todo gracias que pudo acceder a un crédito con la institución, por lo que espera seguir trabajando juntos. Con el monto solicitado, comprará mercadería de la ciudad de Lima y así empezará armar la campaña navideña ya que le generará mayor ganancias.

About Peru

  • $12,000
    Average annual income
  • 113
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Frank to buy more watches, mobile phone accessories and eyeglasses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2011
Listed
Nov 5, 2011
Currency Exchange Loss:
Possible
Ended:
May 16, 2012