Funded

Total loan: $375
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William

Peru
HUANCAYO, Peru / Fuel/Firewood

A loan of $375 helped to buy eucalyptus tree trunks.


William's story

William lives in his own house in Tapo, Anexo de Pazos in the city of Huancayo. For two years he has been selling firewood which he gets from the eucalyptus trees planted years before. He buys the trees by strips of land and uses an electric saw as his work tool. His wife helps with administration of accounts receivable and payable. He is always careful when cutting the tree trunks, leaving the roots so a new tree can sprout. He is very satisfied with his work and wants to buy more strips of land, not only of eucalyptus but also to grow corn, since he also has experience in this area. This is his second loan through MFP. One of his relatives encouraged him to set up a communal bank. He is very motivated to keep working in a group sense because he trusts the responsibility of the other members and because each loan he receives helps him improve his working capital. With this loan he plans to buy more ecualyptus tree trunks and pay for the firewood shipping costs.

Translator profile picture

Translated from Spanish by Kiva volunteer Sherry Bess


Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: June 9, 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: June 9, 2011
Facilitated by Field Partner: Microfinanzas Prisma