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Hugo
Hugo is 37 years old. He lives with 25 year-old Encarnación and they have 3 children: 14 year-old Yelsi, 12 year-old Nicol and 4 year-old Paola. They live together in their own home in the community of Sanchirio el Palomar (central Peruvian jungle).

Hugo's work is growing coffee and bananas. He has been in this business for 7 years and he says that what he most likes is cleaning his farm lands. “I enjoy getting rid of the weeds”, he says. Every 15 days, Hugo travels to the city of La Merced where he sells the bananas which he harvests. However, he sells his coffee production to traders who constantly visit his crops.

Hugo lacks capital to improve the quality of his plantations. In the future, he would like to open a food business in his community to make more income and thereby be able to invest in his farming.

This is Hugo's third loan from MFP and he likes the work that he does together with his community bank because in this short period of time he has managed to achieve improvements in his crops. He will use his loan to buy 13 sacks of organic fertilizer for his coffee plantations which he will harvest in the coming months.
View original language description ↓
Hugo, de 37 años, convive con Encarnación de 25 años. Ambos tienen 3 hijos: Yelsi, de 14, Nicol, de 12 y Paola, de 4 años de edad. En unión familiar ellos viven en su casa propia ubicada en la comunidad de Sanchirio el palomar (selva central peruana). El trabajo que realiza, Hugo es la siembra de café y plátano, ya tiene 7 años dedicándose a ello, y según afirma lo que más le gusta a él es poder limpiar su terreno agrícola, “me divierte, quitar la maleza de la tierra”, menciona. Cada 15 días viaja a la ciudad de La Merced, donde vende los plátanos que cosecha, pero su producción de café, los vende a los acopiadores que constantemente visitan sus cultivos. A Hugo le falta capital, para mejorar la calidad de sus plantaciones, por ello más adelante quiere abrir un negocio de comestibles en su comunidad, con el que piensa generar nuevos ingresos y así invertir en la agricultura. Este es el tercer crédito con MFP, y le agrada el trabajo que desarrolla junto a su banco comunal, pues en este corto tiempo pudo lograr mejoras en sus cultivos. De adquirir el crédito solicitado tiene pensado comprar 13 sacos de abono orgánico, para sus plantaciones de café, que en esto meses cosechará.

About Peru

  • $6,715
    Average annual income
  • 124
    View loans »
    Peru Loans Fundraising
  • $56,823,625
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Hugo to buy 13 sacks of organic fertilizer.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 13, 2010
Listed
Nov 25, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011