A loan of $975 helped repair motor, upholster seats, purchase tires, shock absorbers, brakes, etc.

Luz Estrella's story

Ms. Luz C. is a member of the Mujeres del Progreso (Women of Progress) microfinance institute, located on Nº 474 Comandante Suárez, in the Callería district of the Coronel Portillo province, department of Ucayali. She is a 62-year-old widow with 5 grown up children. She decided to invest her first Manuela Ramos loan of 300.00 PEN in selling chickens. She has been working with the microfinance institute for 5 years.

She currently owns a motorcycle taxi, and gets help from her son, who drives her work vehicle. This business yields her enough profits so that she can pay off her loan punctually.

With this 3,000.00 loan, which will be repaid in 5 months, she will fix the motor, have the seats re-upholstered, and purchase 2 tires, 2 pairs of shock absorbers, 2 brakes, etc.

Luz gives thanks to the microfinance institute for helping her and for trusting in her. She wishes to have two vehicles so that she can improve her financial stability.

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Translated from Spanish by Kiva volunteer Elizabeth Casian

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