Thursday, May 21, 2009

Loan #1: Marco Antonio Espinoza Huamani -- As of April, 2010, Marco has fully paid back his loan!

Marco Antonio Espinoza Huamani
 

Marco is a taxi driver and drove our boys to and from school each day while we lived in Cusco last year. At the time at which we offered him this loan, he was working 13 hours a day, 7 days a week, earning up to 80 Soles a day (equivalent to about $25 -- on a good day). He was unable to keep up with the loan payments that he owed the bank, which was collecting interest at a high rate. This loan from lenders to CuscoGracias allowed him to pay this money back to the bank immediately and he has now paid back his lenders (below) at no interest and a much more manageable pace. He tells us that his life was MUCH less stressful as a result.

He and his wife have a 1-year-old daughter and they all live with his mother and 4 younger siblings, for whom he has become their surrogate father. His/their father died 3 years ago. He gives a large portion of his salary to his mother and siblings.

Thank you to all of you who were part of this loan to Marco!

Lenders to Marco
:


(loan repayment complete as of April 2010)

Tinsley, M.

Marcin, L.
Bagwell, C./Hicks, D.
Marsh Family
Safran, C.
Croak, M.
Leonard, G.
Mayes, B.&E.
Bobowski, A.
Vincelli, D.
Parr, S.
Richards, S.
Dickman, E.
Adams, K.&S.
Ward, C.&A.
Burgess, B.&A.
Manak, M.

Manak, C.
Stoker, C.
Mayes, D.&E.
Pham, M.
Pham, Mel.
Manglitz, A.
Trainer, M.
Sager-Gellerman, G.
Mauney, M. & T.


Total loan to Marco: $1500
amount Marco has paid back to lenders: $1500


LOAN REPAYMENT COMPLETE!




Marco with his wife and daughter


Marco with his daughter, Tim, and Ben