Funded

Total loan: $1,175
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Yuri

Peru
Ayacucho, Peru / Agriculture

A loan of $1,175 helped to buy bags of cocoa, coffee, annatto, turmeric and barbasco to sell to wholesalers.


Yuri's story

Yuri lives in the community of San Agustín and is a person whose leadership makes him really stand out from his family. He has two children, Roy (14 years old) and Miky (11) but they do not live with him. Yuri owns a home built out of wood. After working some time growing organic cocoa, he decided to head down a more dynamic and commercial path and became a middle man, selling agricultural products from his community.

He has now been doing this for three years and has made himself well-known to the producers in the area. He now buys various products from these local producers, such as cocoa, coffee, annatto, turmeric and barbasco, which he stores in a space in his home.

He says that he really enjoys his work because he does not feel forced into and it is modest work. He must contact the bigger wholesalers from the city so that he can sell the products for a fair price, so that the products he is selling are profitable for the producers. He would like some financial backing so that he can move his business forward, earn back his investment in the short-term, and make a profit.

In the long-term, his aim is to buy land in the city because his children will soon finish high school and, like any good father, he would like to support them with a good further education and their own home. Yuri is working very hard for this.

With 3000 Nuevo Soles, he will persist with his business by buying agricultural products in his own town, so that he can sell them to bigger wholesalers in the big cities.

Translated from Spanish by Kiva volunteer Iain Gaw


Loan details

Loan length:

10 months
Disbursed date: November 22, 2012
Facilitated by Field Partner: Microfinanzas Prisma

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: November 22, 2012
Facilitated by Field Partner: Microfinanzas Prisma