A loan of $300 helped to buy the consumables he will need and to pay part of the costs of the hired labor for the harvest of beans and corn.

Felipe Del Socorro's story

Don Felipe is married and is from the region of La Joya, His wife gave birth to 7 sons, three remain dependent on their parents. The youngest son, 16 years old, is now studying in the 7th grade. Felipe earns his living growing beans and corn. He began working in agriculture at the age of 15. When he was 22 years old he got married; that is when he decided to work independently. Today, thanks to the enormous effort and sacrifice he invested during all of those years, he has his animals and his own home. During the bean and corn harvest, aside from the help his sons provide, he hires paid laborers. Felipe says that at harvest time the buyers come to the region. He sells his crop to them then, locally, since that is the most secure way. Felipe needs this Kiva loan to buy the consumables he needs and to pay part of the cost of the hired labor for the bean and corn harvest. This will be of great benefit to his business. Felipe says that this loan will be a great help since it is during this time of year when he needs the working capital to promptly begin the harvesting. He says that once he has harvested his crops he will repay the loan and with the earnings he has left, he will buy some cows.

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Translated from Spanish by Kiva volunteer Erin Corcoran

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