Funded

Total loan: $575
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Frank

Peru
PUCALLPA, Peru / Retail

A loan of $575 helped to buy more watches, mobile phone accessories and eyeglasses.


Frank's story

Frank, 26, is a young entrepreneur with strong desires to accomplish great things and to improve his quality of life through his work. He lives with his spouse and for the moment do not have children but they live in his parents’ house. His work consists in selling watches, eyeglasses, mobile phone accessories and other items. He has a stand in a very large shopping center in the city so it’s very crowded. He’s been in this line of work for a year and a half and he works alone. What he likes about his business is the large number of people that visits his stand because this means a good movement of money and he does well because of it. Now that the Christmas season is approaching sales will increase. Because of this he hopes to stock up on merchandise and to be able to rent another stand to insure a larger input of money.

This will be his second MFP loan; he is doing very well in this business. The first time he invested he earned well and it was all thanks to being able to get a loan from the institution so he hopes to be able to continue to work together. He will use the requested amount to buy merchandise in the city of Lima to start setting up for the Christmas season because profits will increase.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz


Loan details

Loan length:

8 months
Disbursed date: October 6, 2011
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: October 6, 2011
Facilitated by Field Partner: Microfinanzas Prisma