Funded

Total loan: $1,150
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Elcy

Peru
Jauja, Peru / Agriculture

A loan of $1,150 helped to buy lima beans for planting, fertilizers, and to prepare her field.


Elcy's story

Elcy is 23 years old. She lives in the home she rented 11 years ago in the locality of Yanamarca with her son Jean Franco.

Since she was a child, she helped her parents in the countryside. "As the oldest sister, I needed to help my family," she commented. When she assumed the responsibility of being a mother, she began to increase her production and sales. For this reason, she worked hard. Her mother provided her with the land on which she sows a variety of vegetables and garden produce, like tubers, which she carefully cares for. Her secret for obtaining greater proceeds is to sell her own produce. That is to say, she travels twice each week to Lima (the capital city), where she takes her produce to the largest market. "Sometimes the produce I grow are not enough, so I have to buy from other farmers," she says. She is now concentrating upon this month, since she will have higher profits because the demand is greater.

She is a member of the community bank “Corazón de Jesús” and this is her fifth loan with MFP. She really likes the work that she does with the organization and the support she receives from the other members, who all look out for the welfare of each other. "Every meeting, we make our payments responsibly," she affirms.

Elcy will invest her money in buying lima bean seeds and corn, as well as natural fertilizers, and in preparation of her growing plot, and if there is enough money she will also buy various vegetables to supply her business.

Translator profile picture

Translated from Spanish by Kiva volunteer Elizabeth Mount


Loan details

Loan length:

12 months
Repayment schedule: At end of term
Disbursed date: June 28, 2012
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

12 months
Repayment schedule: At end of term
Disbursed date: June 28, 2012
Facilitated by Field Partner: Microfinanzas Prisma