Funded

Total loan: $1,125
Powered by 34 lenders

Lorena

Peru
TARMA, Peru / Agriculture

A loan of $1,125 helped purchase bags of fertilizer.


Lorena's story

Lorena is a 22 years old and lives with her husband and their 4 year old daughter. This young family lives in their own house in an area near Pumpuriani - Pichanaki. From the time she was a young girl, Lorena has worked in agriculture, cultivating bananas, corn, coffee and pineapples on the parcels of land provided by the community. Lorena can sell a kilo of maiz for 1.4 soles, and it's one of the products that generates the most income, aside from coffee, which she harvests every six months. The bananas she can sell every 15 days. Lorena counts on 5 parcels of land being productive while the other 5 need to be cleaned and ploughed. "The month of December the banana prices go down, and during these days we can't earn good income, but we always recuperate what we've invested at least", explains Lorena. In the future, she thinks she would like to buy a small plot of land in the city of Pichanaki, so that she can have a business and sell her products with more economic stability, which would help her care for her young daughter. She would like her husband to be in charge of the planting, cultivating and harvesting, while she focuses on running the business and selling their products. "We have a lot of plans, but we want to start one step at a time". This will be the 6th loan for Lorena with MFP. She likes working with the communal bank, and she is friendly with the other members. She needs the loan to help her reach her goals. With this loan, Lorena will be able to purchase 8 sacks of natural fertilizer, which will enrich the soil for the coffee and the bananas. She estimates that she'll need to spend around 750 soles for this season.

Translator profile picture

Translated from Spanish by Kiva volunteer Emily Charnes


Loan details

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: October 20, 2011
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: October 20, 2011
Facilitated by Field Partner: Microfinanzas Prisma