Funded

Total loan: $575
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Magaly

Peru
TARMA, Peru / Farming

A loan of $575 helped to buy citrus fruit seeds, sacks of compost, and to hire workers.


Magaly's story

Magaly is 23 years old and has been in a common-law relationship with Iván, her 25-year-old partner. They have two children who are now 6 and 3 years of age. The four of them live in their own home in their native community of Pucharini. Magaly and Iván have been farming since they have been together. They grow coffee, bananas, citrus fruits, papayas, cassava, and coconuts. In addition, Magaly prepares grilled meats and then sells them in the evenings from the doorstep of her home. When he is not working in the fields, Iván works in highway construction and on other public projects. Due to the distance it takes to get to their land, accessing and transporting their crops can be difficult and result in delays. For this reason, they do not hesitate to hire workers since this is one of the main obstacles of this business. Going forward, Magaly would like to open a business selling bananas in bulk from the local villagers and introducing them into the city of Lima where she can sell them at a higher price. By her calculations, this venture would be profitable.

This would be her fourth loan with MFP once she receives everyone’s support. Magaly promises to complete her payments on time and work hand-in-hand with the organization and her Communal Bank, where she feels supported and trusted. With this loan, Magaly will buy citrus fruit seeds for oranges, tangelos, and lemons. For her parcels of papayas, she will buy five sacks of compost for 700 PEN. The rest of the money will be used to pay for the services of workers.

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica


Loan details

Loan length:

12 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:

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