Loan Illustration

Con este préstamo, comprare insumos para mi negocio, donde hago servicios de molienda de granos propios de la zona. Tengo mi propio negocio, el cuál inicie ha…

Agriculture Agriculture

Peru Peru

Loan amount €280

Funded 100%

by 7 members

Loan fully repaid by the entrepreneur

Disbursement date: 08/01/2013
Final repayment of the loan: 02/01/2014

MicroWorld's investors have funded: €280

Benjamin - Purchase materials


First name: Benjamin
Gender: Male
Age: 32
Marital status: Single
Number of children: 0
Region: Cotahuasi

Loan Request

Purpose: Purchase materials
Amount: €280
Duration: 6 months
Loan type: in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.

Borrower's quote

Con este préstamo, comprare insumos para mi negocio, donde hago servicios de molienda de granos propios de la zona. Tengo mi propio negocio, el cuál inicie hace poco al presentarse la oportunidad, compré maquinas para procesar alimentos de mi anterior jefe y logre poner mi negocio en marcha, es el de procesamiento de granos, también ofrezco servicios de molienda. Mis desafíos, inicialmente fueron comprar las máquinas, para lo cual tuve la suerte de recibir un préstamo; después el desafío fue administrar el negocio, pero lo estoy haciendo de forma correcta. Una de mis mas grandes limitaciones es no contar con un terreno para que mi planta crezca, necesito uno para realizar una instalación adecuada, y esto es lo único que me impide participar en licitaciones públicas. Con mi negocio doy empleo a mis hermanos que trabajan conmigo los fines de semana, ya que todavía deben acabar sus estudios secundarios. Me gustaría apoyar a mis hermanos en sus estudios y lograr crear una empresa de confección al futuro, campo en el cuál tengo experiencia.

Economic and social context



With Peru's fast growing economy, the land of the Inca's is helping the global fight against poverty and inequality to gain momentum.
Country's key figures - source Worldbank
Population 29 164 883
GNI per capita 4 150 USD
Economic Growth 9,80%
Poverty rate (less than 2 USD/ day) 17,8% (in 2007)
Unemployment rate 7%
Literacy rate (above 15 years of age) 90%
Life expectancy 73 years

MFI Status

This loan is managed locally by our field partner Fondesurco which is in charge of administrating the loan and repaying MicroWorld lenders.

You should be aware that lending involves a risk of non-repayment. However, the risk associated with this MFI is considered lower than average.

Rates and transparency

  • This loan does not pay any interest to the lender.
  • Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at
  • The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
  • 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
  • The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
  • The beneficiaries have been well informed about the risks of over-indebtedness and the consequences of payment default.
  • The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
  • More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.





Fondesurco, an NGO, was established fifteen years ago following a pilot microcredit program initiated by a set of four NGOs operating in the southern region of the country. The project began with group loans that followed the Grameen Bank methodology.

The MFI has developed the majority of its business in the province of Arequipa, supporting agricultural activities in the Andean highlands, and is trying to deepen its presence in this region by offering services to the most remote villages.

Key figures - December 2010
Legal StatusNGO
Number of Borrowers11,040
Portfolio Size$20,335,597
PAR (Portfolio at Risk)0.47%
R.O.A (Return on Assets)0.11%
Social indicators
Average loan /GNI per capita34%
% of female borrowers59%
Saving accounts openedNo (legal status)
Collaterals requiredNot mandatory
Loans for social purposesEducation