Check out some available loans that are similar to this one!
Romulo
Rómulo is fifty-five years old and is married to Ambrosia. Together they have eight children, although only the youngest, who is sixteen, lives with them. The family has their own home in a farming and livestock district. Rómulo is mild-mannered, but his work demonstrates his great capacity to get things done. He works as a farmer, which at his age is very tiring, but also comforting.

He grows large crops of potatoes. He does his planting mostly in May, November and December. "In this area the hearty potatoes are healthy and large, so they sell at good prices," he reports.

Rómulo began farming when he was young, and then started his family. Now, with all these years of experience, he has learned and expanded into other businesses, such as selling mutton.

He believes that currently his best investments will be in purchasing fertilizer and hiring laborers. In this way he will be able to keep working and get ahead. He is very grateful for the support he has received so far. This time he hopes to use the funds to initiate another planting cycle. This is his third loan with MFP. He promises that he will be punctual in his loan repayments, as he has with his past loans.

He belongs to the communal bank “Mirando un futuro mejor” ("looking toward a better future"), and he is thankful to be part of this team.

He will use the loan proceeds to buy five bags of fertilizer, the price of which is 500 soles per page. He will use the remaining funds to pay workers.
View original language description ↓
Rómulo de 55 años está casado con Ambrosia, con quien tiene 8 hijos, pero solo vive con el menor de 16 años. Ellos viven en una casa propia ubicada en un distrito agrícola y ganadero. Su carácter es apacible pero su trabajo demuestra su gran capacidad. A su edad se dedica a la agricultura, una actividad muy cansada, pero reconfortante.
Él cultiva papas en grandes cantidades. Mayormente en los meses de mayo, noviembre y diciembre. “En esta zona las papas harinosas crecen grandes y sanas, por eso su precio de venta siempre es favorable”, menciona.
Rómulo empezó esta actividad desde que era joven, y después formó su familia. Ahora, con la experiencia de muchos años, aprendió a realizar otros negocios, como la venta de carne de carnero.
Considera que la mayor inversión se da en la compra de fertilizantes y en el pago de personal
De esta manera Rómulo trabaja y sale adelante. Está muy agradecido por al ayuda que se le brinda y la confianza, por eso esta vez también espera el apoyo para iniciar otra siembra de papas. Éste es su crédito número 3 con MFP. Como en el anterior préstamo, menciona que, será puntual en el pago de las cuotas mensuales. Pertenece al banco comunal “Mirando un futuro mejor” y le agrada el trabajo en equipo.
Rómulo destinará el dinero en la compra de 5 bolsas de fertilizantes cuyo precio es de 500 soles cada una. Lo restante lo empleará en le pago del personal.

About Peru

  • $12,000
    Average annual income
  • 103
    View loans »
    Peru Loans Fundraising
  • $58,002,425
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Romulo to buy five bags of fertilizer and to pay laborers.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 15, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013