Felipe is a farmer with a good record cultivating products such as cocoa and coffee on his own farming land. Everything was difficult in the beginning until the day he began to harvest; well, the crops that he grew were good, and with them he was successful at the market.
So he continued investing the little money that he had to expand the planting of other fields. Felipe is proud of what he grows, because currently he is having a better reception from the traders and hence better prices for his agricultural crops.
In the future he wants to open a business selling staple products for which he needs a suitable and safe facility.
This will be his first loan with MFP, and Felipe promises to make his payments on time in accordance with the schedule. With the 3000 soles he will buy corrugated iron to put a roof on his new home.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid