Funded

Total loan: $1,075
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Victor

Peru
Ayacucho, Peru / Farming

A loan of $1,075 helped to hire laborers to help him harvest his coffee and barbasco root.


Victor's story

Víctor is 44 years old and comes from Santa Rosa district. He is a very cheerful and successful man who is married to 38 year-old Severina and has 5 children. They live together in their own home.

Víctor worked on his parents' land from a very early age. His passion for crops led him to acquire his own land which he has been working independently for 20 years. He grows coffee, cacao and barbasco root (a native plant). In total, he owns 6 hectares of land. During harvest time, he is supported by laborers who help him to extract the fruit from each of his crops more quickly so that he can advance swiftly in his work. Víctor feels very committed to his work because, thanks to his daily effort, he can see the fruits that his plants are producing and knows that he will make good profits on every kilogram of produce he sells.

Víctor tells us that he doesn't like the winter season because insects are prolific at that time of year and there is a lot of rain which hampers his production and damages the fruits on his plantations. Víctor will use the loan he is requesting to hire laborers who will support him in harvesting his crops. In the future, he plans to increase his barbasco plantings as, for the first time, Korean investors have opened a barbasco packing and processing company.

This is Víctor's eighth loan from MFP and he hopes to be able to repay it on time since he doesn't want to cause trouble for the other members of his community bank where he is a respected member as a result of the order that he brings to the group. He will use his 3,000 Peruvian soles to hire laborers to help him in harvesting his coffee and barbasco root.

Translated from Spanish by Kiva volunteer Linda Oxnard


Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: March 17, 2011
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: March 17, 2011
Facilitated by Field Partner: Microfinanzas Prisma