A loan of $1,150 helped to purchase foods like rice, sugar, bread, eggs, and other products necessary to stock his new store. Another part of the money will be invested in transporting harvested yuca to the market in his city.


Victor's story

Víctor is 58 years old and is a cordial, hard-working and entrepreneurial man. He is married to Alicia, with whom he has a 23 year old son. Together they live in their own home, which he built through great effort.

He works in agriculture. He has a field of 6 hectares which he has owned for the past 16 years since he moved from his birthplace. Currently, he has three hectares of yuca and another plot for raising animals, basically for family subsistence. His products are sent to other cities in the country and also to markets in his town. He receives help from four laborers, who he contracts on a seasonal basis when he needs to complete difficult work that he cannot do by himself. He likes his work because it allows him to be constantly in the field, an activity that he has had an affinity for ever since he was a kid. His current priority is to consolidate another business that consists of selling food and other basic needs products. His house is located in a central part of town, and thus this business provides the security that he will always have customers and for that reason good sales.

This is his 11th loan through MFP and he feels grateful for the financial support that they are providing so that he can continue with his business and advance with his plans. In addition, he comments that he feels pleased with his communal bank, since he thinks that every member is a good and reliable person.

The loan that is requested, of 3000 nuevos soles (Peruvian currency), he will invest in the purchase of foods like rice, sugar, bread, eggs, and other products necessary to stock his new store. Another part of the money will be invested in transporting harvested yuca to the market in his city.

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Translated from Spanish by Kiva volunteer Debra McMahon


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