Total loan: $375
Chanchamayo, Junin, Peru / Agriculture
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A loan helped to hire day laborers.
Niger, 22, is a single young man living in his parents’ house in the indigenous community of Pucharini in Perené District, Chanchamayo Province. At his age, Niger thinks like an entrepreneur. He does not want any obstacles to reach his goals. That is, children and a wife are not his priorities. For now, he wants to dedicate himself totally to farming. Thanks to his parents he has two parcels of farmland where he grows coffee and bananas. “Since I just started last year, I’m producing about five sacks of 70 kilos of coffee; it’s to my advantage,” he comments. At the same time, he works as a job supervisor’s assistant in an electric grid installation firm thanks to his technical studies. He works 8 hours a day. He does well in his job but does not neglect the fields. The money he earns he gives to his parents to cover basic expenses and a certain percentage of it goes to savings. One of Niger’s goals is to buy a car to transport his products and to get back and forth from his job. This will be his first loan from MFP and he takes on the responsibility of being very punctual with his monthly payments. “Los Caciques de Menkoremón” is the name of his recent communal bank which he trusts will reach its goals. If he were to get the money he will be able to pay day laborers that he’ll hire to clear his fields. He will spend about 30 soles per person per day.