Funded

Total loan: $1,125
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Jhon

Peru
HUANCAYO, Peru / Beauty Salon

A loan of $1,125 helped to buy an appliance for shampooing hair.


Jhon's story

Jhon (24 years old) is a hardworking, single young man. He lives with his mother, Agripina, with whom he has forged his destiny and work, in his own home located in the town of Pampas.

Along with his mother he opened a beauty salon, with not only haircutting services, styling, and dyeing hair, but also they have steam relaxation therapy machines, also massages and they rent evening wear and suits for men. All of this means they offer a complete service.

In this work they also have hired people to help his mother, as he is in charge of managing it, and he visits during business hours, as he is studying psychology at the university in town, and he also works in a video game business where he maintains the machines. “This work is not all day, they only call me when one of the machines breaks down,” he says. Now they are about to start the project of renewing their machines to save energy and especially to help with the environmental conservation. Also, he plans to reduce costs with the acquisition of supplies in quantity, “doing this, the price of purchase per unit of products deployed will drop considerably,” he says.

This is the fifth loan through MFP and he is grateful for the support given, with which he could better his business and as a consequence, his income. In addition, he promises to be punctual with the repayment of his loan, because he wants to continue achieving his goals and working with the members of his group, who are trustworthy and united.

Jhon will invest the money from the loan in the purchase of an appliance for shampooing hair, hair dyes, shampoo, and other supplies in quantity, in order to do his work.

Translator profile picture

Translated from Spanish by Kiva volunteer Gail LeGrand


Loan details

Loan length:

14 months
Disbursed date: May 11, 2012
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: May 11, 2012
Facilitated by Field Partner: Microfinanzas Prisma