A loan of $525 helped to increase the size of his garage.

Demetrio's story

Demetrio is a very hard working 61-year-old man. Never married, he lives by himself in his own house. For the past two and a half years he has rented out his garage to house the cars of food vendors. He decided to venture out into this business due to the fact that his retirement pay was not enough to cover his expenses. For this reason he launched a business that he could run from his home. Currently the garage accommodates 14 cars at the rate of 2 soles a day, used as extra income to help his finances. On the other hand, Demetrio’s work also serves as a way for him to stay active and not feel alone. This is the second individual loan that he has requested with MFP, and with the money he plans to increase his garage space in order to accommodate more cars and increase his income.

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Translated from Spanish by Kiva volunteer Laurie Paguio

Loan details

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Loan details