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Luís Rey
Luis, who is 26 years old, is an entrepreneurial young man. He graduated from high school. He alone lives with his mother. His father died, and he has three brothers living in the United States, who are the ones who help his mother economically.

Luis loves music, and his business consists of installing musical equipment to liven up parties. Everything began as a hobby when a friend told him that they were going to a party and that he would set up the music and the other could set up the speakers and the audio equipment. Little by little they were called for more events, and thus it was that Luis decided to fully devote himself to this and become independent. Now the business is going well, but it always needs to be updated.

Luis needs the money because he wants to buy some screens on which he can reproduce the videos of his songs and thus the people can enjoy them more when they participate in a party.

Luis dreams of having more musical equipment that is more modern in order to thus supply several events at once, being able to form his own household, and giving a better life to his dear mother.
View original language description ↓
Luis de 26 años de edad, es un muchacho emprendedor, estudió hasta bachillerato, vive solo junto con su mamá, su padre ya falleció y tiene tres hermanos viviendo en estados unidos, que son los que le ayudan económicamente a su madre.

Luis es amante de la música y su negocio consiste en instalar el equipo musical para amenizar las fiestas. Todo comenzó como un pasatiempo, cuando un amigo le dijo que fueran a una fiesta y que él pusiera la música y el otro pondría los parlantes y el equipo auditivo, poco a poco los fueron llamando para más eventos, y así fue que Luis decidió dedicarse de lleno a esto y se independizo, ahora el negocio marcha bien, pero siempre necesita irse actualizando.

Luis necesita el dinero, porque quiere comprar unas pantallas en las cuales pueda reproducir los videos de sus canciones y así la gente pueda disfrutar más cuando participen de una fiesta.

Luis sueña con llegar a tener más equipo musical y más moderno para así abastecer varios eventos a la vez, y pueda llegar a formar su propio hogar y darle una mejor vida a su madrecita.

Additional Information

More information about this loan

This loan is part of a project to help young men and women in El Salvador (under age 26) launch their own businesses. The field partner is reducing the guarantee for these individuals, who normally would not have access to loans due to their lack of experience. Unemployment for young people is high in El Salvador, a fact that motivates many of them to leave the country instead of searching for work. Aside from access to financing, clients will also be grouped together according to their business types to receive training from CrediCampo's social development unit, and to share advice and support with one another.

About CrediCampo

This loan is administered by CrediCampo, a Kiva Field Partner in El Salvador. CrediCampo seeks to improve the lives of rural communities and their families in areas including health, education, basic services, and infrastructure. Through its Community Development Unit, CrediCampo provides scholarships, leadership development training, and financial education programs for families in rural areas. CrediCampo’s work is crucial in addressing the issue of poverty in El Salvador. Based on 2009 estimates, 37.8% of the population lives below the poverty line. To learn more about CrediCampo and their work, visit their partner page.

About El Salvador

  • $7,500
    Average annual income
  • 725
    View loans »
    El Salvador Loans Fundraising
  • $26,296,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Luís Rey to buy some screens in which he can reproduce the videos of his songs, and thus people can enjoy them more when they participates in a party.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2014
Listed
Aug 18, 2014
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2015