A loan of $1,150 helped to buy supplies for his food business and to rent locations for social events.

Hernan's story

Hernán is a 42-year-old man who lives with his partner and has three dependent children in his care. He lives with his partner and children in his own home. He tells us that the quality of life in his community is one of subsistence. Most of the residents are self-employed people who work in commerce and livestock raising. Some of them also farm. Hernán lives in the small village of La Mariposa, in Saltur district, in Lambayeque department. The only basic service his home receives is electricity. He says that there are approximately 150 families living in the same conditions in his village.

Hernán's business is selling prepared meals and renting out locations for social events and leisure activities. He also provides computer maintenance services. We should point out that Hernán has eight years experience which has enabled him to gain a customer base for his businesses. His partner works as a tenured teacher and supports him financially in providing for their family. She also supports him in his business activities. They have a good family relationship.

Hernán is currently planning to increase the inventory of his business preparing meals and renting locations for social events. This is a very profitable business in his area. He is requesting a new loan for 3,000 soles which he will invest in buying supplies for preparing set meals and in renting locations for social events. Over time, this will enable him to improve his family's standard of living.

Translated from Spanish by Kiva volunteer Linda Oxnard

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Loan details