Funded

Total loan: $800
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Francisco


A loan of $800 helped to buy chickens and 200 hens, to improve the facilities (the chicken coops), and to buy feed.


Francisco's story

Francisco is 61 years old and he is married. Since he was a young child he enjoyed working, specifically in agriculture, and for this reason his highest level of education is the 2nd grade. Nowadays, his wife helps him with all tasks related to their small-scale poultry production, and also with the cultivation of crops. They have two girls, a nine-year-old in 3rd grade, and an eleven-year-old in 5th grade. The girls also help their parents with household chores, and to feed the chickens when needed.

Francisco began raising chickens 8 years ago, when along with his wife they decided to launch this business. Part of his time also goes towards cultivating small plots of vegetables and selling them in the market; this helps him to solve some financial needs.

When he has to buy supplies for his poultry production (chickens and feed) his wife helps him too. First they have to walk about 1 Km to catch the bus that takes them to the city center –which is about 18 Km away-, and then, on the way back home they have to carry the supplies on their backs (sacs full of feed and crates with chickens).

This loan will be an investment to buy chickens and 200 hens, to improve the facilities (the chicken coops), and to buy feed. He wants to take advantage of the holiday season coming up, as the demand for chicken increases, as well as the market price during that season. This would generate greater revenue to cover the general expenses of the family, and he could also earn additional profits to invest in future productions.

Francisco wants to diversify his sources of income, in order to attain some financial leeway, so that in the case that one of these streams of income fails, he may rely on alternative income, minimizing investment loss.

Translator profile picture

Translated from Spanish by Kiva volunteer Lisa Cespedes



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: October 28, 2013

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: October 28, 2013