we found an old place that will need to be torn down, but we can stay there while we build a little place of the land. it is in an older part of town where there is mostly agriculture (Pocollay), but the place is near the plaza of Pocollay.
talked to the owners and over a few conversations we were able to drop the price from $45,000 to $38,000...this afternoon (Tuesday) I will be getting together to talk over the details...one of which could use your prayer and possible help.
we need $30,000 and the banks here charge at least 11% interest rates. Since I don't really have any credit here in Peru it might be higher. I would prefer to get a loan from someone I know and pay a lower interest rate to them so that we both win, but we need to find those "someone's". We have some saved up and praise God my dad is going to help but obviously he can't afford all of it...we will probably need another $20,000.
If anyone is willing and interested in giving us a loan we are willing to pay interest so that we both win (and not the bank!!!). I would much rather pay interest to someone I know that to a rich institution...you all understand.
Thank you all for your support! we pray this goes well.
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