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Mr. Purificación is 59 years old and is the father of four children who are all adults. Mr. Purificación is responsible, hardworking, and entrepreneurial. This loan will help him to buy a plot of land which is suitable for growing corn, wheat, and vegetables. He has worked growing these crops for 25 years, and his goal is to expand his farmland to produce and sell more and increase his income.
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Translated from Spanish by Kiva volunteer Julie Arenson. View original language description.
El Sr. Purificación, tiene 59 años de edad, es padre de 04 hijo, todos mayores de edad. El Sr. Purificación, es responsable, trabajador y emprendedor. El préstamo ayudará para la compra de un terreno con aptitud para la producción y cultivo de maíz, trigo y menestras. Tiene 25 años trabajando en la producción de estos cultivos, su objetivo es incrementar el área de cultivo, producir y vender más e incrementar sus ingresos económicos.
The Asociaci�n de Productores de Tara del Norte (APTN) was founded in 2003 and has since grown its network of small-scale farms into one of the largest producers of tara in all of Peru.
Tara is a small tree native to Peru that provides an excellent source of environmentally friendly tannins used to manufacture automotive and furniture leathers.
APTN serves small-scale tara farmers who have little access to financial services and are generally unable to command high market prices for their crops on their own. Kiva loans are used to finance the purchase of organic fertilizer and insecticides as well as allow farmers to diversify their crops by adding aguaymanto and/or quinoa to their land.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Loan tags help lenders find loans that match certain areas of interest.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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