Funded

Total loan: $775
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Victor

Peru
Huancavelica, Peru / Fuel/Firewood

A loan of $775 helped to buy 40 trees to convert into firewood.


Victor's story

Víctor, 23, lives in the company of his mother, Bernardina, and his brother, Rubén, in his mother’s house located in Tapo.

Despite his young age he worked very diligently in order to have what he now owns: five medium parcels of land as well as a motorcycle and a television set.

His main economic activities are agriculture, corn and potatoes, and he also makes firewood which is where he earns his highest profits. He sells on average 20-thousands in 15 days. This amount varies because it depends on the time it takes him to produce the firewood. “In the summer season I can produce more; the thickness of the trees is also an important factor,” he mentions. He’d also like to study even not having the possibility of doing so because he lives very far from the city but he plans in time to save enough to reach his objective.

He belongs to the “Santa Rosa” communal bank and this is his second MFP loan. He’s sure to reach his goals with this financial help. On the other hand he promises to make his installment payments just like he did with his previous loan. He enjoys being part of his group because all the members are responsible, very supportive people.

Víctor will use the money from this loan to buy 40 trees to make firewood because demand is higher in the summer.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz


Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: June 19, 2012
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: June 19, 2012
Facilitated by Field Partner: Microfinanzas Prisma