A loan of $700 helped to buy a head of cattle.

Augusto's story

Sr. Augusto is a native of Urubamba Province, which is located in the Sacred Valley of the Incas, Department of Cusco, Peru. He is a member of the Communal Bank "Virgen de Natividad". Augusto is 36 years old and has spent his entire life devoted to agriculture and raising livestock. He does not have an academic education nor was he able to finish school. Augusto has a wife and two young children, ages 7 and 3.

He has a job that requires great sacrifice since he must work long hours each day. Throughout the week, he devotes a lot of time to gathering enough capital so that he can buy a new head of cattle that he can eventually sell at the weekly community fair. In addition, he grows a few vegetables and herbs on his land. His work follows a routine, and he has always operated in this manner.

Augusto needs a new loan so that he can acquire a head of cattle that he can sell later. This will give him more capital to prolong and grow his business.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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