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Pelayo
Pelayo is 40 years old and lives with Zenayda who is 39. The couple have three children and live together in their own home which is located in the community of Jose Olaya, Pangoa. When Palayo started out farming, growing and selling cacao and coffee, things didn't go so well. However, he persevered and continued in this line of work. He currently owns a good quantity of cacao and coffee plantations. This enables him to meet the demands of his recurring customers in a timely and efficient manner. He therefore feels very happy with what he does. Pelayo's sales have increased but the price he receives for his produce has not risen so his profit margin remains stable. He generally works alongside his wife but, at harvest time, he hires laborers to help his crop picking go more smoothly.

This will be Pelayo's first loan from MFP and he pledges to make his repayments on time. He would like to use his 3,000 soles to acquire a new plot of farmland where he can grow more cacao plants.
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Pelayo de 40 años de edad, convive con Zenayda de 39 años, que fruto de esta relación tienen 3 hijos. Juntos habitan en su casa propia ubicada en la comunidad de Jose Olaya, Pangoa. Cuando Pelayo, se inició en la actividad agrícola, cultivando y comercializando cacao y café, no le fue tan bien. Pero perseverante, continuo con este trabajo, y actualmente posee una buena cantidad de plantaciones de cacao y café, de esa manera logra cumplir con la demanda de sus clientes más recurrentes, de manera oportuna y eficaz, por lo cual se siente muy contento por lo hace. Consecuentemente sus ventas aumentaron, pero sin subir el precio del producto por lo que su margen de utilidad se mantiene estable. Por lo general trabaja conjuntamente con su esposa, pero en temporadas de cosecha, tiene a cargo de sus peones, con la finalidad de que les pueda facilitar en la extracción de su producto. Este será su primer crédito con MFP: por lo que se compromete en ser puntual en el pago de sus cuotas. Con los 3,000 mil soles desea adquirir una nueva parcela agrícola donde pueda sembrar más plantaciones de cacao.


About Peru

  • $6,715
    Average annual income
  • 66
    View loans »
    Peru Loans Fundraising
  • $53,959,050
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Pelayo to buy a plot of land on which to grow cacao.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2011
Listed
Oct 27, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012