Segundo Contreras


Status: Paid Back

$375.00   Loan Request
$375.00   Paid Back

About the Entrepreneur

Name: Segundo Contreras
Location: Guayaquil, Ecuador
Activity: Fish Selling

About the Loan

Loan Amount: $375.00
Loan Use: Make improvements to the stand where he sells his products and buy a freezer.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Feb 22, 2007
Date Disbursed: Mar 10, 2007
Date Funded:Feb 24, 2007
Loan Ended:Sep 6, 2007

About the Country

Country:Ecuador
Avg Annual Income:$4,776.00
Currency:United States Dollars (USD)



Segundo has 23 years of experience in his field. He learned the business when he was very young, while helping his father. His business is located on the street corner outside of his house. He sells fish, pork and beef. He tends to his business every day of the week in 2 shifts, morning and afternoon. Aside from his fish and meat business, Segundo also sell household items when business is slow. His work has allowed him to buy his house.

He needs the loan to buy a table on which to display his products and to buy a freezer.

Segundo was born in Los Ríos. He is 42 years old with 4 children, all of whom are still in school. His wife helps him in the business when he has to go out. She also has her own business selling chicken in a market. They have both been able to move their businesses ahead through their perseverance and sense of responsibility. With their earnings they bought a cement house. Their greatest satisfaction is that their children are in school and are taking advantage of the opportunity to study. Their aspiration is to strengthen their businesses since they are the only source of income for the family.

Translated by Erin Corcoran, Kiva volunteer.


Segundo tiene una experiencia de 23 años en esta actividad. Aprendió con su padre desde joven cuando lo ayudaba. Él esta ubicado en la esquina de su casa y vende pescado, carne de res y cerdo. Todos los días de la semana atiende en 2 jornadas por la mañana y al atardecer. Segundo a parte de su negocio, él también se ha dedicado a vender artículos para el hogar cuando esta bajo su negocio. Su trabajo le ha permitido tener obtener su casa.


Él necesita el préstamo para comprar una mesa y exhibir su producto, y abonar para un congelador.

Segundo nació en Los Ríos. Tiene 42 años. Con 4 hijos que están en la escuela y colegio. Su esposa le ayuda en el negocio cuando él tiene que salir. Ella también tiene su propio negocio de venta de pollo en un mercado. Ambos han podido salir adelante en sus negocios por su perseverancia y responsabilidad que le han puesto. Con los ingresos generados se compraron su casa de cemento y su satisfacción más grande es que sus hijos estudian y están aprovechando. Su aspiración es fortalecer el negocio por que son sus únicas fuentes de ingresos.


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Journal entries for Segundo Contreras


Agradecimientos
 
Entrepreneur: Segundo Contreras
Location: Guayaquil, Ecuador

Segundo esta muy feliz por recibir su crédito. Ahora ya cuenta con capital de trabajo para su negocio, sus clientes tendrán mejor servicio para satisfacer las necesidades. Su familia tendrá mas oportunidades de mejorar la seguridad del sustento diario por el acceso a mas ingresos generados por el resultado del préstamo. Por las razones expuestas les manda sus agradecimientos a Kiva y su comunidad solidaria por la ayuda prestada.

www.mifex.org


Posted by Luis Crespo from Guayaquil, Ecuador
Mar 6, 2007
Comment on this entry

Continued investments
 
Entrepreneur: Segundo Contreras
Location: Guayaquil, Ecuador

Segundo was very happy with the loan he received. He ended up investing in many types of seafood and also in live pigs. He is raising these animals in preparation for the Christmas season when they are high in demand. His profits also allowed him to help his wife with her business, a stand in the local market where she sells poultry.


Posted by Robert Edgar from Guayaquil, Ecuador
Oct 9, 2007
Comments (2)

Kiva Help Repayment Schedule for Segundo Contreras

  Expected Repayments Actual Repayments Comments
June 2007 $62.50 $0.00 Repayment Received
July 2007 $62.50 $126.00 Repayment Received
August 2007 $62.50 $63.00 Repayment Received
September 2007 $62.50 $63.00 Repayment Received
October 2007 $62.50 $63.00 Repayment Received
November 2007 $62.50 $60.00 Repayment Received