A loan of $600 helped to hire workers and to buy sacks of organic compost.

Benancio's story

Benanacio is 33 years old and lives with his companion Beatriz, age 30. Their cheerful family includes three young children: Edgar, Ruth, and María. Benancio and his family share a home made of wood, which he acquired at a very young age with the help of his parents.

He inherited a few plots of land from his grandparents, but he was able to expand his acreage by purchasing some additional plots that adjoined that property. Benancio has six years of experience in this line of work. He has several cacao trees since this area is well-suited for producing organic crops that are of high quality. In addition, farming is an activity that has been practiced by his family for many generations.

In order for the work to be done correctly, Benancio needs the help of workers who are reliable people from the area. They will be able to complete the outstanding tasks in a shorter period of time. This type of uniform and efficient maintenance is reflected in the final harvest.

For the next growing season, Benancio plans to hire outside help to maintain his cacao trees. He knows that cacao groves require weed removal three times throughout the season. The first removal is usually the most difficult and detailed. In addition, he wants to have organic compost and small tools available so that the outstanding work can be completed.

His goal for the future is to convert his business into a small-scale collection center of agricultural products. Benancio hopes that the large-scale distributors will want to work with him in the future, which will create an opportunity for him to improve his family’s financial condition. This is the second time he has requested a loan from MFP. Thanks to this loan, he will have everything he needs to invest in his farming business so that it will run smoothly. Benancio and his fellow Communal Bank members share the same motivation, so he is grateful to be part of a group that is responsible and demonstrates great camaraderie.

With this loan of 1,500 PEN, Benancio will hire workers for the first round of weed removal from his cacao grove. Any remaining funds will be used to buy sacks of organic compost, including bird droppings.

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details