This loan has been FULLY FUNDED by 16 lenders!

Milton
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About the Loan
(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Huancayo, Peru   Repayment Term: 10 months
(more info)
Activity: Clothing Sales   Repayment Schedule: Monthly
Loan Use: To purchase polo shirts at wholesale.   Currency Exchange Loss: Covered
      Default Protection: Covered
Milton is 38 years old, and lives with his wife and children. For several years now he has, along with his wife, dedicated himself to selling clothing for all types of people – from children to adults. Recently, three months ago, he opened another clothing stand and things are going well. He has plans to continue to expand his business. He started with little capital but, as the years passed, the business grew which gives Milton a great deal of enthusiasm to continue with his efforts. His small daughters motivate him to forge ahead with his work and, for him, it is the best reward he could get. This is the first time Milton requests a loan with MFP, for which he pledges to be punctual with his payments. He requests these funds to invest in the purchase of polos at wholesale.

Translated from Spanish by Mary Lynn Malaby, Kiva Volunteer

Milton tiene 38 años, vive con su esposa y sus hijos. Desde hace varios años se dedica, junto a su esposa, a la venta de ropa para todo tipo de público, desde bebes hasta adultos, recientemente, hace 3 meses, abrió otro stand o puesto de ropa, y le está yendo bien, y tiene planes de seguir extendiendo su negocio. Sus inicios fueron con poco capital, pero con el paso de los años fueron creciendo, lo que mantiene a Milton con muchas ganas de seguir esforzándose, porque sus hijas pequeñas lo mueven a seguir trabajando y para él es la mejor recompensa que puede tener. Es la primera vez que Milton solicita un préstamo con MFP, por lo que se compromete a ser puntual en sus pagos. Solicita este dinero con el que podrá invertir en la compra de polos al por mayor.
About the Country
Country:
Avg Annual Income:$6,715
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0917 PEN = 1 USD

Anonymous

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Status: Paid Back

$500
Loan Request
Pre-Disbursed : Nov 13, 2008
Listed: Dec 17, 2008
Funded: Dec 20, 2008
$500
Paid Back
Ended: Aug 15, 2009
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Journal entries for Milton


Subject: Loan has been disbursed
Location: Huancayo, Peru

Thank you for your loan. It has been disbursed to Milton by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 8 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Huancayo, Peru
Dec 21, 2008
Comments (1)
Kiva HelpKiva Repayment Schedule for Milton
  Expected Repayments Actual Repayments Comments
February 2009 $62.67 $62.67 Repayment Received
March 2009 $62.67 $62.67 Repayment Received
April 2009 $62.67 $62.67 Repayment Received
May 2009 $62.67 $62.67 Repayment Received
June 2009 $62.67 $62.66 Repayment Received
July 2009 $62.67 $62.67 Repayment Received
August 2009 $62.67 $62.67 Repayment Received
September 2009 $61.31 $61.32 Repayment Received