A loan of $775 helped to buy cables to improve his sound equipment and other tools of his trade.

Rafael's story

Rafael, age 50, is married, and with his wife, they live in their own home, struggling to get ahead in life and maintain their lifestyle without any shortfall or economic complications.

Rafael works primarily in rentals of sound equipment and other supplies for parties and events in the city. He has spent the past 5 years in this line of work, working primarily on the weekends. He feels like it's going well, since his customers have multiplied and he's always getting asked to work. In the evenings he works selling food, and on occasion, he also drives his mototaxi. What he likes best about his principal job is that is makes him a good income and that he has a good time doing it, since this is a thing that's fascinated him ever since he was a small child. In the time he's been working, he has learned a lot of things and he is always finding out new sound techniques. He has gained many customers and hopes to continue to grow his business.

His primary goal is to create a whole music studio, for which he has already bought some of the necessary instruments for his work. He is asking for a loan of 2,000 Soles, and he feels content and thankful because of the financial help which he is being offered to continue in his business. He also feels good about the loan officer and the other members of his communal bank because he knows the majority of the members who are mostly his neighbors and he considers them to be responsible people.

With the loan, he will buy some cables that he needs to renovate his current setup, make repairs to a speaker, and buy light bulbs in different colors, which he needs for rentals.

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Translated from Spanish by Kiva volunteer Elizabeth Mount

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