A loan of $1,125 helped to buy carpentry supplies (wood, saws and nails).

Aurelio Pantaleon's story

Aurelio is a single 39 year-old man. He is a carpenter, and he chose this line of work because he learned it from his father. Aurelio is a hardworking and enterprising man who is very responsible and has a strong desire to get ahead.

Aurelio started his business in 1998. He earns 190 Peruvian soles a week. He works for about 10 hours each day, and he works 6 days a week. With this loan of 3,000 Peruvian soles that he will receive thanks to Kiva, Aurelio will buy carpentry materials (wood, lacquer, etc.). Aurelio's dream is to have a very well-equipped workshop so that his business could be more profitable. His loan officer believes that he is an excellent client.

Aurelio 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 destroying Camaná’s tourism industry. Many people lost their jobs, livelihoods, and homes. But the one upside of unemployment is that it creates an environment primed for microfinance. Microfinance allows a jobless entrepreneur to start up their own microenterprise, like the one that Aurelio is pursuing today.

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Translated from Spanish by Kiva volunteer Lisa Grobar

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