Funded

Total loan: $1,150
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Nelson

Peru
Chanchamayo, Peru / Agriculture

A loan of $1,150 helped to buy manure, fertilizer and to pay day laborers to work.


Nelson's story

Nelson is 31-years-old and his spouse is Yolanda; they have four children who are 14, 12, 9 and 5 years old. They all live together in a rustic house located in an indigenous community in the central jungle.

He’s been working in agriculture since he was a boy so he masters coffee and banana planting. With this duo, he’s able to cover his expenses this way: the coffee harvest produces income once a year which allows him to buy food for the long run; bananas are harvested every two weeks and money from their sale is used for everyday expenses. Nelson is very intelligent; if he wants to acquire other things, he works as a day laborer in others’ parcels. He’s been working at this pace for 10 years. Now, he’s planning to acquire more coffee seeds to set up nurseries and then plant in another parcel he plans to lease.

This is loan #8 from MFP. He belongs to the “Las Hormiguitas” (The Little Ants) communal bank, a group that shares interests. On this occasion, Nelson will start to prune his coffee plants and to do so will pay day laborers he’ll hire for his four parcels. He’ll also buy sacks of manure and fertilizer.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz


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