Funded

Total loan: $725
Powered by 28 lenders

Judith

Peru
CUSCO, Peru / Liquor Store / Off-License

A loan of $725 helped buy a quantity of wine to stock her business.


Judith's story

Judith, who is 25 years old, lives with her partner and their two children. They live together in a rented house located in a community at the edge of the Peruvian jungle. One day she realized that she did not have any competition and decided to set up a wine store where she would sell to the public in general. In the first year, she only recovered what she had invested, but from the second year on, she began to have better earnings, and her sales gradually increased. Now she has large orders from private and public institutions, and at times she can't manage them all and complete the deliveries of wine on the expected dates. She generally buys her products in another city at a reasonable price, thanks to her relatives, who offer her these prices and the means to transport the wines. Normally she works on her own, but on occasion she receives help from her partner. Her sales location is located in their rented house, and she works from 8 in the morning until 11 at night.

In the future, she is planning to expand her wine-selling business to attract more clients. This is her third loan with MFP, and she promises to continue making her payments on time. In addition, she is grateful to her community bank for the good work that they do. Judith is planning to invest the loan in the purchase of a considerable quantity of wines that have great demand in her area, since she wants to increase her income and at the same time improve her quality of life.

Translated from Spanish by Kiva volunteer Pam McMurry


Loan details

Loan length:

10 months
Disbursed date: June 4, 2010
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: June 4, 2010
Facilitated by Field Partner: Microfinanzas Prisma