A loan of $650 helped to purchase an engine and spare parts for his motorcycle taxi.

Oswaldo's story

Oswaldo is 24 years old and lives with his partner, with whom he has a small child. They live in Oswaldo's mother's house. Oswaldo works as a motorcycle rickshaw driver, which he has done for the past 5 years since he acquired a motorcycle. He used to work for another person, but used his savings to purchase the motorcycle rickshaw, and now works only for himself.

What Oswaldo likes about his job having direct contact with customers. It is important for Oswaldo to treat his clients well, and make sure they feel comfortable on his vehicle, so that he earns their return business. This is Oswaldo's third loan with Microfinaza Prisma. He believes that working with his community bank is very good because everyone is very organized and responsible with their payments. With the money Oswaldo now requests, he will purchase an engine and spare parts to repair his motorcycle. This will cost 1500 Peruvian Soles, and Oswaldo will use the rest to purchase seeds to plant on a small farm which he also owns.

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Translated from Spanish by Kiva volunteer Scott Lucas

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