A loan of $400 helped to hire day labor and to buy organic fertilizer.

Teobaldo's story

Teobaldo is 46 years old. He lives with the mother of his five children and four of those children. The family lives in its own house that Teobaldo build in his native community near the central jungle region. Teobaldo is a man of principles and values. For the 18 years, he has made a living in agriculture. He has consolidated various plots of land on which he produces coffee, yuca (a potato-like food), and citric fruits. He would like to grow more coffee because it has a high demand and market price. However, he is not yet able to expand his coffee crop, “I have about four hectares of land that the community gave me, so I spend most of the day on those plots,” says Teobaldo.

The main problem Teobaldo identifies is a lack of capital to buy bags of organic fertilizer, seeds, and to pay the wages of contracted laborers to help with the work. He would like to become a wholesaler whose products are bought in other cities, therefore Teobaldo strives to increase his land plots and production.

This is Teobaldo's seventh loan with MFP. Just like with his previous loans, he pledges to make his monthly repayments on time. He is an active and responsible member of the communal bank "Los Clavelitos de Shankivironi." Teobaldo will invest the 1000 soles in the wages of contracted labor to help collect his crops, as well as to buy bags of organic fertilizer, such as guano (bird droppings).

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Translated from Spanish by Kiva volunteer Ellen Craven

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