A loan of $1,125 helped to finish construction on his home.


Silverio Prudencio's story

Silverio, 40, is married and has two children in school. He is a fisherman, and chose this type of work from a young age, as his father was also a fisherman. He is a hardworking, persevering and very responsible person with a great desire to help his family get ahead. Silverio started his business in 1991 and makes S/.300 new soles each week. Every day he works about 10 hours per day, 7 days a week. With this loan of S/.3000 thanks to Kiva, he will finish building his house. HIs dream is to have his own car. Silverio's loan officer thinks that he is an excellent client and will make his payments on time. Silverio lives and works in Camaná, Perú, an oasis in the otherwise long, dry Sechura Desert that dominates the coastline in the Southwestern part of the country. Camaná was historically a major tourist destination in Perú, however, frequent and forceful earthquakes and tsunamis in the last decade (an 8.4 in 2001 and 8.0 in 2007) decimated the city, permanently destroyed Camaná’s tourism industry, and lost many their jobs, livelihoods, and homes. But the one upshot of unemployment is that it creates an environment primed for microfinance. Microfinance allows a jobless entrepreneur to realize their would-be microenterprises, like the one your client is pursuing today.

Translated from Spanish by Kiva volunteer



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