A loan of $600 helped to purchase wholesale yucca for re-sale, and to purchase ingredients for making and selling food.

Arquimedes's story

Fifty-year old Arquimedes is a good, friendly and enterprising man. He lives with María, who is his business partner. He has 5 children, who are already independent and are very happy since they were given a good quality of life. They live together in their own home.

Everyday, Arquimedes goes very early to get everything ready to open his store in the city's wholesale market. There he patiently waits for his customers to come looking for regional products, according to the season. Right now, he is working with sacks of yucca. He gets these products from wholesalers who bring them from their various farms.

He has been in this business for 10 years, and he does it with his partner, with whom he shares his earnings. During this time, he saw a way to increase his income, so at the same time that he sells bananas, he also sells food in the same stall. These two activities bring him good income, and with it he can buy what he needs and pay for household expenses.

He hopes to continue working to grow his business even more, and in the future open a grocery store in his house.

This will be his 15th loan with MFP, and he hopes for their cooperation so that he can continue achieving his goals. On the other hand, he is committed to being a responsible and punctual client, so that he doesn't give a bad impression to the communal bank that is giving him the assurance that he needs. Furthermore, he hopes to adapt very quickly and pick up on everyone's collaborative and supportive spirit.

With the requested amount of 1500 soles, he will buy sacks of yucca wholesale and sell them at retail. He will also buy the ingredients and supplies to continue selling food at his market stall.

Translated from Spanish by Kiva volunteer Deepa Ramesh

Loan details

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Loan details