Total loan: $775
HUANCAYO, Junin, Peru / Food
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Fredy's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To increase his supply of merchandise, and to purchase a bull.
Fredy is 42 years old and lives with his wife and children. He has a grocery store that he installed in his own home 10 years ago. He has also dedicated himself to farming since he was young. However, since it has its low seasons, he developed this business as well as that of raising livestock, which permit him to earn a more stable income for his family. Together with his wife, they share the schedule of tending to the store depending on the other tasks they need to carry out. Fredy works tirelessly to improve his business, and has planned to supply his store with more merchandise since he is one of the primary providers of basic necessities in his locality. This is the second time he has a loan with MFP. He was invited to join the cooperative bank for his ability to work as a team, and also because he promotes unity among the members. Of the funds he is requesting, part (100 Peruvian soles) will be invested into stocking his store with merchandise. The rest, he will use to buy a young bull.
Translated from Spanish by Mary Lynn Malaby, Kiva Volunteer