A loan of $600 helped to buy tools.

Fernando's story

Fernando is 21 years old and is a friendly, enterprising man. He is single, doesn’t have any children, and lives with his parents and three siblings whom he supports and loves very much. Fernando is an electrician who repairs electronic and sound equipment among other things. He learned this trade at an industrial training center and he liked it and decided to develop this function two years ago. Seeing that his labor was in constant demand, he bought basic supplies to be able to work better.

Now he works with private companies who need his services. He has help from another electrician who loans him some electrical tools the he doesn’t have himself. What he likes about this is that it allows him to have a substantial income with which he can pay his own household expenses and provide a better quality of life for his siblings. What he doesn’t like is the risk that his commitment exposes him to risk, and that he has to work very late to be able to deliver by the due dates. These working hours have caused him some health problems but it does not discourage him and he continues ahead.

He wants to set up his one electrician’s workshop. This will be his second loan through MFP and he is grateful for the trust given him so that he can solidify his plans. He also promises to make his payments on time, as with the previous loan. He says that he likes being part of the communal bank because he knows the other members and he considers them all to be responsible people. He will use the 1,500 PEN from this loan to buy basic electrical tools such as pliers, some cables, and other things.

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Translated from Spanish by Kiva volunteer Hugo Reyes

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