Funded

Total loan: $375
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Amador

Peru
TARMA, Peru / Farming

A loan of $375 helped to buy manure and vegetables for his new business.


Amador's story

36-year old Amador has lived common-law with his partner Rosina for fourteen years. They have three children whom they take care of in their own home located in Huasahuasi. Amador grows potatoes, peas, gladioli flowers, and beans on land that he rents on an annual basis. He has 18 years experience so has learned all there is to know about farming. Each harvest brings in a good profit when he sells the produce in the wholesale market in town.

The main difficulty that Amador faces is the lack of help. He has to hire labourers to help him look after his fields. For this reason he is thinking of investing in a business to buy and sell garden produce and peas. He would be able to earn more money by selling at retail prices.

Amador belongs to the Progreso Carita Community Bank. This is his seventh loan with Kiva partner MFP, and he is grateful for all the support he has received over the years. He plans to use this loan to buy several sacks of manure to spread on his fields of peas. He will also buy vegetables and start his new vegetable-selling business.

Translated from Spanish by Kiva volunteer Jane A


Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: March 16, 2011
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: March 16, 2011
Facilitated by Field Partner: Microfinanzas Prisma