Funded

Total loan: $925
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Pedro Miguel


A loan of $925 helped to sow frijoles.


Pedro Miguel's story

Pedro Miguel, 20, is single and lives with his parents and brothers and sisters who for him, are the most important thing in his life.

With this loan he plans to buy fertilizers and other products which he can use on his crops and therefore have a good harvest. He wants frijol bean seeds of good quality which will adapt to the soil that he uses and the local climate. He also needs to pay labor costs for treating his plantations, which will ensure that he can do his job effectively.

He wants to take advantage of the good climate and the soil he has in this area and also put into practice what he has learnt over the past few years growing basic grains. Apart from buying the best products for his plantations, he wants to see his crops develop and be healthy.

With the income he generates he would like to use it on his family and on its education. He would also like to fulfil a few other family goals and continue to invest in his crops.

This is the first loan he has received from FUDECOSUR. He hasn't had any other loans from state banks, but FUDECOSUR has given him the opportunity by making the conditions much easier and the interest rates lower.

Translator profile picture

Translated from Spanish by Kiva volunteer Matthew Walker



Loan details

Loan length:

38 months
Repayment schedule: Irregularly
Disbursed date: May 12, 2014

Lenders and lending teams




Loan details

Loan length:

38 months
Repayment schedule: Irregularly
Disbursed date: May 12, 2014