Funded

Total loan: $1,550
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Nermi

Peru
Chanchamayo, Peru / Agriculture

A loan of $1,550 helped to pay the people who will work on her land and also to buy plantain seedlings and fertilizer.


Nermi's story

Nermi is 39 years old, her partner is named Jorge, and together they have three children, but currently only two of them are living with them, the 6 year old and the 18 year old. Their house is located in the community of Chanchamayo.

With their agriculture, they have been able to give their children a better quality of life. In this way, their son (the oldest) who is 21 years old learned to work the land and is now independent. Nermi grows coffee, achiote (annatto), and citrus fruits like mandarin oranges and oranges. On the six parcels of land that she manages, her products are very well distributed; she knows that the coffee is one of her greatest profits each year, and so this year she is growing three parcels of just that product. Her daily costs are covered by the sale of her fruits, which she harvests every month. It has been ten years since she started this activity. "It depends on the prices. There are years when we do well with the cultivation everything, and other years when we make very little profit," she says. Even so, Nermi doesn't lose hope and continues to do her work, because she trusts in her business abilities.

This is her sixth loan with MFP, and just as with the previous loans, she promises to be on time with her monthly payments. She is a part of the community bank "Sol Naciente" (the Rising Sun), and she is happy they have responsible and very active members.

With this money, she will be able to clean up her parcels of land, and she will pay three people to do so for around 1,200 Soles. The rest of the money will go to acquiring plantain seedlings and bags of fertilizer to start a new planting cycle.

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 19, 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 19, 2012
Facilitated by Field Partner: Microfinanzas Prisma