Funded

Total loan: $1,100
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Walter

Peru
Chanchamayo, Peru / Furniture Making

A loan of $1,100 helped to purchase a new motor for a machine that is used in his carpentry business.


Walter's story

Walter is 58 years old and resides in the native community of Alto Yapas in the central Peruvian jungle. He lives there with Esperanza, his wife of 30 years. They have two children who they care for in their own home. His main business activity is farming since it has enabled him to move his two children forward. He is very proud of this accomplishment. Walter inherited his livelihood and has 15 years of experience growing coffee and bananas. He has learned how to invest and spend his money in a good way. Walter is very gratified to know that he is one of the best farmers in the area. After each harvest, he sells his coffee beans to the most-recognized coffee production company in the area and is able to obtain very good earnings. This has helped him establish a small grocery store in his house where he sells basic necessities. Walter’s life is all about hard work. He also operates a small carpentry shop where he makes furniture and other products out of wood. Now he wants to invest in this business so that he can improve it and be more comfortable in his old age.

Walter is a member of the Communal Bank “El Palomar al Éxito”. This will be his fourth loan with MFP. He hopes to be able to accomplish his goals with this small loan. Once again, he promises to complete his payments just as he did with his previous loans. In addition, he is grateful to be part of his Communal Bank because all of the members are responsible and supportive people. With the money he requested, Walter will purchase a new replacement motor for one his carpentry machines.

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica


Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: May 31, 2011
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: May 31, 2011
Facilitated by Field Partner: Microfinanzas Prisma