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Miguel
Miguel, 20, is a single young man living alongside his parents in their house located in Palca-Tarma District. Miguel is an enthusiastic young man. At his age he already thinks like a mature person. He works in agriculture helping out in his parents’ fields. “I half-way farm; they put in the land and I put in the work and the seeds. When we harvest, we divide it in half,” he says adding that it’s an expedient way to work.

He likes growing peas, gladioli and potatoes. He sells his harvests in Tarma’s wholesale market. At the same time, Miguel is studying Industrial Electric Technology. His goals are clear. He plans to work until he finishes his studies and then practice a professional career. He still has two years to go and in the meantime he will continue to strive as he’s done to date.

Miguel will access his first loan with MFP. He thought the way his “Los Cantaritos” (The Little Pitchers) communal bank works was attractive so he didn’t hesitate to become part of it. He affirms that he will be responsible with his installment payments and with group activities. He will be able to buy sacks of manure with 400 soles of the money and one bag of pea seeds with 600 soles.
View original language description ↓
Miguel de 20 años es un joven soltero, vive al lado de sus padres, en la casa de ellos, ubicada en el distrito de Palca – Tarma. Miguel es un joven entusiasta. A su edad ya piensa como una persona madura. Se dedica a la agricultura, apoyando en las chacras de sus padres. “Siembro a medias, ellos ponen el terreno y yo el trabajo y la semilla, cuando cosechamos lo dividimos en 2”, dice, añadiendo que una forma de trabajo conveniente.
Le gusta cultivar arvejas, gladiolos y papas. Cuando cosecha expende su producción en el mercado mayorista de Tarma. A la vez, Miguel estudia Electrotecnia Industrial, sus metas son claras, piensa laborar hasta concluir sus estudios y luego ejercer un trabajo profesional. Aún le faltan 2 años, mientras tanto seguirá esforzándose como ahora. Miguel accedería a su primer crédito con MFP. Vio atrayente la forma de trabajo de su banco comunal “Los Cantaritos”, por eso no dudo en ser parte de él. Afirma que será responsable en el pago de las cuotas y en las actividades de su grupo.
Con el dinero podrá adquirir bolsas de abonos con 400 soles; y 1 bolsa de semilla de arvejas con 600 soles.

About Peru

  • $6,715
    Average annual income
  • 66
    View loans »
    Peru Loans Fundraising
  • $54,600,625
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Miguel to buy sacks of manure and a bag of pea seeds.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 9, 2012
Listed
Apr 3, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012