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A loan of $550 helped to invest in buying tables for his recreational bar.

Yoel's story

Yoel, aged 21, lives with Rosa, aged 21, with whom he has one child. They live in their own home, located in the district of Pichari.

Yoel is an entrepreneurial young man, who since he was very young has known how to make a living, with the sole goal of having a decent life. At first, Yoel refused to face the world of competition which the great entrepreneurs have to take on. Then one morning, when he was walking along the streets of Pichari district, he saw how the tourists were looking for a place to relax where they could get food and drink, and play games. In other words, they were looking for a recreational bar, so Yoel thought to take some land near to the district. The only thing he lacks is capital, and it's for this reason the Yoel came to MFP, to request a loan with which he can realize this dream. Yoel was well attended to by the MICROFINANZAS PRISMA organization.

This is his first loan with MFP, and Yoel agrees to make his repayments punctually. Yoel is happy about the communal group he belongs to, because they are tenacious and enterprising people.

With the 1,500 New Soles, Yoel will invest in buying tables for his games bar.

Translated from Spanish by Kiva volunteer Arabella Pollack

Loan details

Lenders and lending teams

Loan details