Funded

Total loan: $475
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Pedro

Mexico
Huatusco, Mexico / Farming

A loan of $475 helped to buy fertilizer for his farm.


Pedro's story

For 20 years, Pedro has worked in the production of coffee, since it is one of the principal activities of the region where he lives. His parcels of land were inherited from his parents, and they were the ones who taught him everything about the production of this crop. Now Pedro is 45 years old, and he is married to Magdalena, with whom he has three children. All the family works in this activity (farming). In the past harvest, Pedro had a production of 3 tons of coffee, which he delivered entirely to the Regional Union of Huatusco so that it could be processed and exported. For the next harvest, Pedro needs to buy fertilizer for his fields, and this is why he is applying for a loan. Pedro hopes that within two years his land will be producing twice the amount of coffee, since he has already planted new plants. The biggest concern of Pedro and his wife is to be able to maintain sufficient economic solvency to be able to offer their children the possibility of studying for a university degree and being able to advance.

Translated from Spanish by Kiva volunteer Pam McMurry



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: October 31, 2012
Facilitated by Field Partner: Union Regional de Huatusco

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: October 31, 2012
Facilitated by Field Partner: Union Regional de Huatusco