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Manuel

Manuel is a blacksmith who makes gates, metal doors and windows. This is the second loan his is seeking from Kiva and Mifex. He was extremely satisfied with the results from the first loan in the amount of $300 received in May 2006. He invested in metal materials that allowed him to work much more quickly and efficiently. His repayments were on time and he proved to be a very responsible borrower. His family testifies to the success of the loan as they have seen a significant increase in income and improvement in their quality of life. Manuel is anxious to receive a larger loan so that he can scale his operation. He no longer wants to bring in clients just on references. His goal is to create a large inventory of his products to display in front of his home in order to attract new customers. He currently runs his operation in his backyard but his long-term goal is to open a workshop outside of his home.


Mifex offers its clients microinsurance and access to business training and educational programs. For more information about microfinance, Ecuador, and our services, please visit www.mifex.org.

About Ecuador

  • $10,200
    Average annual income
  • 52
    View loans »
    Ecuador Loans Fundraising
  • $23,490,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Manuel invest in materials for his metal workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 23, 2006
Listed
Nov 8, 2006
Currency Exchange Loss:
N/A
Ended:
Nov 28, 2007