A loan of $575 helped to hire laborers.

Pepe's story

39-year-old Pepe lives with Vilma and they have seven children between the ages of 7 and 17. Pepe and his family live together in their own home, in the indigenous community of Palomar, in Río Negro district, in Satipo province. Since he was a young boy, Pepe has been surrounded by coffee plantations and other plants growing on his parents' farmland. Now he farms himself and, with great skill, he grows coffee, cacao, bananas and corn. He has three 'cuadras' (measurement of agricultural land) on which he sows his crops.

Pepe enjoys what he does as farm work is less restricting and he makes income according to how he manages his business and how well he negotiates the sale of his crops. He has to transport his produce to the city of Pichanaki where he is already well known for his good produce and for the number of years he has been in the business. What he sells the most of is cacao and coffee. The prices for these products almost always remain stable and if they do fall it isn't by much. On the other hand, the price of corn and bananas falls during some seasons.

This will be the second time that Pepe has requested a loan from MFP and so he pledges to be punctual in making his repayments. He belongs to the "Los Kontonas de Palomar" community bank and feels happy to be a member. He will invest his loan money in paying staff or laborers who he will hire to get rid of the crops that stunt the growth and sprouting of his fruit and grains.

Translated from Spanish by Kiva volunteer Linda Oxnard

Loan details

Lenders and lending teams

Loan details