Funded

Total loan: $550
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Fredy

Peru
TARMA, Peru / Agriculture

A loan of $550 helped to buy a sack of pea (vetch) seeds to plant on fallow land.


Fredy's story

Fredy, 40 years old, is a happy and responsible man. For some 10 years he has lived with Jessica, his wife, whom he loves very much and with whom he has 2 children, cared for in his own house, located in the settlement of Santo Domingo.

Since Fredy was very young, he has dedicated himself to agricultural activity. This has been the principal economic activity in his family for some 23 years. His main crops are potatoes, peas, and corn, which he plants on his own farmland, acquired over many years with much effort.

What Fredy likes most about his work is eliminating weeds that grow among his plantings. But what really bothers him are the cold spells that follow the rains, since he loses many plantings, generating loses. For this reason, and because Fredy is a very inteligent person, he also raises livestock, especially sheep, hogs, and guinea pigs, which he cares for and sells at a good price, covering his family's costs of living. His business is doing very well, and for the future, he is thinking of acquiring a ranch on which he can better care for his livestock.

Fredy belongs to the “Santo Domingo de Tapo” Communal Bnak, and this is his 6th loan through MFP. He feels very grateful for this opportunity to progress. Fredy is preparing for the pea season. With this loan, he will buy a sack of seeds to begin sowing on agricultural land that has been lying fallow.

Translator profile picture

Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD


Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: April 25, 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: April 25, 2011
Facilitated by Field Partner: Microfinanzas Prisma