Arquímedes

Status: Paid Back

$1,200
Loan Request
Disbursed : Mar 26, 2008
Listed: Mar 10, 2008
Funded: Mar 12, 2008
$1,200
Paid Back
Ended: Sep 28, 2008

About the Country

Country:Peru
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8910 PEN = 1 USD


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Pucallpa, Peru   Repayment Term: 8 months
(more info)
Activity: Motorcycle Transport   Repayment Schedule: Monthly
Loan Use: To buy parts to repair vehicles   Currency Exchange Loss: Covered
      Default Protection: Covered
Mr. Archimedes is 43-years-old, and father of five children. It has been years since he is a driver. He is also the owner of two buses, which have helped him increase his earnings. With the income he obtains from driving these vehicles he supports his beloved wife Maria, who takes care of their small farm and the selling of staple foods. Mr. Archimedes desires to build a small corner grocery store, but for that he needs to repair his vehicles, this is the reason he is requesting a loan, so he can soon begin building the grocery store he longs for.


Translated from Spanish by Antonella Sacconi, Kiva Volunteer.



El señor Arquímedes de 43 años de edad es padre de 5 hijos, el se dedica al transporte de pasajeros desde hace mucho tiempo y ahora se ha convertido en propietario de dos motocarros, herramientas que le han ayudado a fortalecer la economía de su hogar, con el ingreso que obtiene de ambos motocarros apoya a su querida esposa la señora Maria, quién se dedica al cuidado de su chacra y a la venta de productos de primera necesidad. El deseo de reparar sus herramientas de trabajo lo conducen a solicitar un préstamo para llevar a cabo este propósito a fin de pronto construir la pequeña bodega que tanto anhela.


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Journal entries for Arquímedes


Loan has been disbursed
 
Entrepreneur: Arquímedes
Location: Pucallpa, Peru

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


Posted by from Pucallpa, Peru
Mar 27, 2008
Comments (2)

Kiva Help Repayment Schedule for Arquímedes

  Expected Repayments Actual Repayments Comments
June 2008 $200.00 $200.00 Repayment Received
July 2008 $200.00 $200.00 Repayment Received
August 2008 $200.00 $200.00 Repayment Received
September 2008 $200.00 $200.00 Repayment Received
October 2008 $200.00 $200.00 Repayment Received
November 2008 $200.00 $200.00 Repayment Received