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Letty

Letty owns a carpentry and furniture making business. While she was living with her husband at his mother’s house, she learned the business from her brother-in-law. When her brother-in-law left to start his own business on the other side of the city, Letty bought all the equipment from him in order to run the business herself. She hired two workers and brought her husband into the business to help her as well. She knows the trade well, although most of her job entails purchasing the materials and finding buyers for the finished product.


Letty and her husband have one child. He works at a shipyard in Guayaquil and helps out in the household and business. Her dream is to have her own home one day and run her shop out of there.



Letty’s business has been doing well over the last few months. She had a boost when she took out her previous loan with Kiva and Mifex, which allowed her to purchase a tool that she used to improve the quality and efficiency of her business. She wants a second loan in order to continue improving her machinery and also to fix up her workshop.

About Ecuador

  • $10,200
    Average annual income
  • 71
    View loans »
    Ecuador Loans Fundraising
  • $23,911,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $850 helped Letty buy new tools and improve her workshop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 2, 2007
Listed
Jun 18, 2007
Currency Exchange Loss:
N/A
Ended:
Apr 20, 2008