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Michael
Twenty-one-year-old Michael is a responsible young man. He lives in a rented house with his girlfriend, twenty-year-old María, and his young, four-year-old son, John. Michael sells foods for the home; he runs his business out of the house he rents with his girlfriend. They started living together when they were very young and now they both have responsibilities. That is why they thought it would be a good idea to open their store, so they can make good profits from their day-to-day sales.

He started this work one year ago and they tell us that they are able to make good profits thanks to the neighbors who always visit their store. This is why he needs this loan; with it they will be able to restock the merchandise in their store. This is his first loan and he is satisfied because of the confidence it gives him. He promises to make his payments on time and not to make himself look bad in front of his communal bank members. With the 1,000 nuevos soles he will buy cereals, vegetables, and canned foods.
View original language description ↓
Michael de 21 años de edad, es un joven de responsable, convive con María de 20 años, en la casa alquilada junto a su pequeño hijo John de 04 años. Michael, se dedica a la venta de comestibles para el hogar; su negocio lo ejerce en la casa que alquila, junto a su pareja. Ellos desde muy jóvenes empezaron a convivir y ahora ambos tienen responsabilidades que cumplir, es por ello que vieron por conveniente abrir su tienda, para que de esa manera logren obtener buenas ganancias por las ventas que dí a día realizan.
Su labor empezó hace 01 año y comentan que gracias a sus vecinos que siempre visitan su tienda, pues logran tener buenas ganancias; para ello es que necesita el préstamo, porque con ese crédito que obtuvieron lograran abastecerse de mercadería para incrementar en su tienda. Este es su crédito número 01 y se siente contento por la confianza que le brindan, se compromete a ser puntual con sus cuotas de pago y no quedar mal ante los socios de su banco comunal. Con los 1,000 nuevos soles màs sus ahorros comprará cereales, verduras y conservas.

About Peru

  • $12,000
    Average annual income
  • 120
    View loans »
    Peru Loans Fundraising
  • $57,345,725
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Michael to buy cereals, vegetables, and canned foods.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 15, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 20, 2013