Mercy Foundation Provides Loan
$450 microloan pays for agricultural labor, purchasing and applying plant protection products, fertilizers, and labor for harvesting.Anacleto's 67 years old, separated, and lives in his own home made with rustic material in the Pomahuaca district, Jaen province, Cajamarca department, in Peru. He has very good personal and professional references from the inhabitants of the area. His good reputation makes it easier to qualify for a microloan. The majority of the people in his town make a living in agriculture, sales, and livestock. Anacleto has 12 years of experience making a living cultivating coffee on his farming.
Mercy Foundation funds microloan to farmer in PeruThe $450 microloan pays for agricultural labor, purchasing and applying plant protection products, fertilizers, and labor for harvesting. This will help Anacleto to improve the physiology, morphology, and productivity of his crop, and also allows him to have a timely harvest. Therefore, he will have increased production and product quality. So, he will have no problem selling the product. Anacleto is a recurring partner for Alternative Edpyme. This loan to Anacleto is designed to be a short term capital solution meant to help grow his business to the next level. The ultimate goal is to help Anacleto’s business become completely self-sufficient. Once the business is self-sufficient, then he will be able to pay for all of the necessary supplies and labor with profits made by the business itself. In this way, the loan is designed to be a hand up, rather than a handout.
Microloan PartnerThis product assists Edpyme Alternativa to expand into rural areas of Northern Peru in order to help underserved populations. Kiva funding allows access in Northern areas like Piura, Lambayeque, and Cajamarca regions, which are generally too costly to serve. Therefore, financial institutions do not often reach these communities. The services offered by Edpyme Alternativa genuinely helps entrepreneurs and others interested in bettering their lives with financial resources. The Mercy Foundation with the help of Edpyme Alternativa has successfully funded this loan to Anacleto! The money allows him to buy what he needs to make sure his harvest is bountiful and successful. There are many other underserved entrepreneurs like Anacleto who still need capital assistance. If you would like to provide funding for these entrepreneurs, please feel free to visit Kiva, today!