Funded

Total loan: $1,375
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Cadith

Peru
PUCALLPA, Peru / Vehicle Repairs

A loan of $1,375 helped to buy spare parts and upholstery canvas to fix two mototaxis so that she can sell them.


Cadith's story

Cadith is 50 years old and is very kind, hardworking and persevering. She is a widow with five children who live with her in her house. She wants to give her children a better quality of life.

Cadith works buying and selling vehicles, primarily mototaxis but sometimes also motorcycles. She is always alert for the arrival of a new vender that may offer her a fair price. When she acquires vehicles, she restores them to good condition with the help of her son. She then sells or finances them at affordable prices. She has been in this business for two years, and she runs it out of her house.

She likes what she does very much because it allows her to earn a good income while at the same time pursue other activities. She works alone and has many plans for the future, but for now she would like to keep working until she has put sufficient capital together to be able to have a shop in which she would sell spare parts and new vehicles.

This is Cadith’s 16th loan with MFP. She is very happy to know that she has economic support through the opportunity they have given her. In this way she can make concrete plans for her business. On the other hand, she promises to continue being a responsible member and to continue making her payments in a timely manner as she has done with previous loans.

With the requested 3500 nuevos soles she will buy spare parts and upholstery canvas to fix two mototaxis so that she can sell them.

Translated from Spanish by Kiva volunteer Graham Robinson


Loan details

Loan length:

8 months
Disbursed date: January 7, 2013
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: January 7, 2013
Facilitated by Field Partner: Microfinanzas Prisma