A loan helped buying various types of wood.

Mercedes's story

Mercedes is 38 years old. She lives with her partner and their five school-aged children. Together, they live in the town of Santa Rosa, located in the beautiful rain forest of the Ayacucho area. They have their own house made of wood. Previously, Mercedes worked as a farmer, but for reasons of fate, she decided to take on a new project together with her partner: making all types of furniture. Since her partner knows a wide range of models and modern designs, he has an advantage, and this business provides Mercedes with much more satisfaction than her previous work. Previously, they had to wait for the harvest, and even then, it did not provide good profits. Her daily routine starts at 7:00 in the morning and continues until 8:00 at night. Her sales area is on the first floor of her house. Her plans for the future are to expand the carpentry shop, due to the need to store inventory and add more machinery. This will help them minimize time and costs. This is her eighth loan with MFP, and she is committed to continue making her payments on time. She is also satisfied with her communal bank, thanks to the advantages it offers. With the loan she is requesting, she is thinking about investing in buying wood, such as tornillo, mahogany and cedar, with the aim of fulfilling her delivery commitments for her most demanding customers.

Translated from Spanish by Kiva volunteer anonymized.

Loan details

Lenders and lending teams

Loan details