A loan of $1,000 helped to buy three cattle and put them out to pasture in lands that he has one kilometer from his house.


José Eduardo's story

José, 58 years old, is a local farmer. He studied until the ninth grade in a local school, but couldn't continue studying as his father died when he was barely 15, and he had to stop his studies and take the reins of his family.

He is married and father to two children: one boy who lives abroad and a girl who is studying at university.

In this rural area of the province the principal productive activity is growing corn and beans, and José has worked in this area for more than 30 years. He grows corn and beans in three hectares of land. He also works in another activity - rearing cattle - which consists of buying small cattle and putting them out to pasture for around 8 months. He was taught this activity by his son-in-law, who works solely in this trade and has generated good income from this.

He will invest the loan in the purchase of three cattle, which he will put out to pasture in some lands which he has around one kilometer from his house. This will improve his quality of life, as he will have current assets which he will sell when he has a good profit margin.

He plans to buy three cattle to put out to pasture and sell when he is close to having to pay back his loan, as he will have a good profit margin and so will be able to pay off the loan, and with the earnings he is left with he will be able to work a little with his own working capital.

Translated from Spanish by Kiva volunteer Lauren Hoare



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