A loan of $350 helped purchase of telephone equipment.

Ricardo's story

Ricardo is an 18-year-old young man who works to help his family, because they have many expenses and he wants to help as much as he can. His mother encouraged him to have his own business and she supported him with the capital he needed to set up his own telephone call center a year ago. Since then he has been able to take advantage of his earnings, buying more modules for the phone center. He started with just one, and now has expanded to five modules. He wants to keep growing his business and to add some internet stations as a complement to the services he offers and to earn more, because he would like to be able to study for a professional career. To be able to reach his goals he needs to work hard and get up early to take care of his business, which he opens at 8 am and closes at 10 pm. He studies and reads at the same time that he takes care of the business. This is his first loan with MFP. As a new member of the group he is developing new relationships and he is sure that he will also learn new ideas about administering his business and his finances. With the 1,000 PEN that he is requesting he will invest in more telephone equipment and in maintenance for the equipment he already has.

Translated from Spanish by Kiva volunteer Anne Kamsvaag

Loan details

Lenders and lending teams

Loan details