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Total loan: $775
Chanchamayo, Junin, Peru / Food
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Raquel's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy merchandise for resale.
Raquel is 18 years old and lives with her mother and younger brothers in an indigenous community of Chanchamayo. Her father recently passed away, and now she needs to support her mother in her work in the fields. They grow avacados, oranges and achiote. "It is profitable; the oranges are selling well at the moment. Every basket brings in 18 soles ", she said. They harvest fruit from the orange grove every 15 days. She and her mother have 5 parcels of land; thus it is certain that she will have the money to repay the loans she is seeking. At the same time she has set up her own shop in her house where she sells groceries and supplies. She has been doing this for two years. Thanks to their coordinated work, she and her mother can take care of their family, covering their basic expenses. Now they want to expand the shop, purchasing more products and taking good care of their regular customers. This will be her first loan with MFP. She says she will be able to make the monthly repayments without difficulty. She joined the communal bank “Las Rositas de Ubiriki” upon the recommendation of her neighbors, and she feels comfortable in this group and has trust in her fellow members. Raquel will invest the money she is seeking in the purchase of groceries and other products for her business. She will also use the money to pay laborers with whom she will contract to harvest her crops.