Funded

Total loan: $1,375
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Santos

Peru
PUCALLPA, Peru / Charcoal Sales

A loan of $1,375 helped to buy crates of discarded wood, a truckload of sawdust and to lease space to continue making charcoal.


Santos's story

Santos, 46, is a very cheerful, responsible man. He lives with his spouse with whom he has two children; all the family members live together in their own house.

Santos’ work consists in manufacturing charcoal. He leases space in a field in a distant part of the city where he works daily. His work consists in buying discarded wood from nearby sawmills that he places in artisanal ovens he sets up. He then covers the wood with sawdust, lights it and waits a few weeks for the wood to attain its maximum baking stage and become charcoal. He’s been in this business for more than three years and he assures that it’s very demanding but profitable work. He works with help from two day laborers and occasionally his mother-in-law helps too.

What he likes about his work is that he’s able to work with some of the members of his family and he’s constantly amused with the pleasant conversations he has with owners of other ovens in his sector while they are waiting for the finished product. Fortunately, he does well because he always obtains good production that helps him increase profits and he hopes his business will maintain this same pace of progress.

This is his 6th MFP loan and he’s very happy with the financial support he’s getting because he’ll feel confident about making progress with his work. On the other hand, he promises to continue making his installment payments as scheduled. He’s very happy to be part of his communal bank because everyone is very responsible and mutually supportive. He will use the requested 3,500 soles to buy several crates of discarded wood and a truckload of sawdust; he will also lease the space he uses to continue manufacturing charcoal.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz


Loan details

Loan length:

8 months
Disbursed date: September 25, 2012
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: September 25, 2012
Facilitated by Field Partner: Microfinanzas Prisma