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Armando
46-year-old Armando is a responsible man and an exemplary son. He has been living together with his mom in her home for the past 10 years. Armando owns two plots of farmland where he grows a number of different crops such as potatoes, barley, oats, hay and red clover. Over the years, he gained a lot of buyers which led to him not being able to produce enough to meet demand. For this reason, he started renting additional land so that he could produce more. He has 20 years experience not only in farming but also in cattle farming as he buys and sells cattle. He has two cows and one bull. On market days he travels to the cities of Chupaca and Jauja to sell his animals. "If I sell my animals in the village my profits are minimal so I travel to the cities because I make more money there. It's the same with my crops which I sell in the capital. I hire a truck and I do the journey myself", he says.

This is Armando's fourth loan from MFP and he is grateful for the support that he has received over the years as it has helped him to make progress and improve the capital he has available for his business activities. For this reason, he pledges to be punctual in making his repayments as he was with his previous loans. Armando will invest the money he has requested in buying 200 sacks of natural fertilizers to spread over his next crop of potatoes. He will also buy an additional cow so that he can continue making progress in his business.
View original language description ↓
Armando, de 46 años es un hombre responsable y ejemplar hijo. Vive en compañía de su mamá en la casa de ella, desde hace 10 años. En la actualidad posee 2 terrenos agrícolas donde siembra diversos productos agrícolas como papa, cebada, avena, heno y trébol rojo. Con el tiempo obtuvo muchos compradores por lo que no se abastecía en la cantidad de alimento, es así que comenzó a alquilar otros terrenos agrícolas con los que abastece la producción. Ya tiene 20 años de experiencia no solo en la agricultura también en la ganadería, pues se dedica a la compra y venta de ganado vacuno, posee 2 vacas y un toro, pero en días de ferias, viaja a las ciudades de Chupaca y Jauja para vender los animales, “si vendo mis animales en el pueblo la ganancia es mínima, por esa razón viajo a las ciudades, pues ahí obtengo más dinero. Lo mismo pasa con la agricultura, en la cosecha comercializo a la ciudad a la capital del país, contrato camión y yo mismo realizo el viaje”, comenta. Este es el cuarto crédito con MFP, en todo este tiempo agradece el apoyo obtenido, pues le ayudó a salir adelante y mejorar el capital para sus actividades económicas. Por esa razón promete ser puntual con el pago de sus cuotas como en anteriores oportunidades. Armando, invertirá el dinero solicitado en la compra de 200 sacos de fertilizantes naturales para esparcir entre sus próximos sembríos de papa, asimismo comprará una vaca más para continuar con su negocio.

About Peru

  • $6,715
    Average annual income
  • 102
    View loans »
    Peru Loans Fundraising
  • $55,006,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Armando to buy 200 sacks of fertilizer and a cow.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 5, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 20, 2013