A loan of $1,325 helped to buy tools, a compressor, and welding materials.

Rogerio's story

Rogerio, age 57, is a hardworking and enterprising gentleman. He is also friendly and cordial. Rogerio is separated from the mother of his five children, who are grown and independent. He lives in his own home with one of his daughters, who loves him dearly and shares in the household expenses.

Rogerio provides welding services, as well as motorcycle and tire repairs. He learned these skills by studying at an industrial training center. Rogerio gained experience by working as an assistant at a motorcycle repair shop. Now he works in his own establishment, which is set up in front of his house. He also buys used parts, repairs them, and then sells them at a higher price. Rogerio started his business more than 15 years ago and continues to work by himself to this day. He considers his business to be profitable as a result of the good revenues it generates and the minimal amount of time required to manage it. Before starting this business, Rogerio had financial worries. Now that his workshop is generating more profits, he wants to continue growing and hire employees so that he can focus only on managing the business.

This is his second loan with the MFP organization. He is pleased and grateful to know that he can continue accessing a line of credit for advancing his business. Therefore, he promises to complete his payments in the same manner as his previous loan. The loan amount of 3,500 PEN that he requested will be invested in tools for his workshop. He will also buy a compressor valued at 500 dollars and welding materials.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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