Cesar is a blacksmith who owns a workshop where he and his three sons make metal doors, window frames and gates. The workshop is a family business that provides the main source of income for the household. Their mother works nearby at her small food market.
This is the second loan that Cesar is requesting from Mifex and Kiva. With the first he invested in large amounts of iron in order to produce at higher quantities. He and his sons got to work and have been able to increase their sales substantially. Cesar is happy that he has been able to provide work and money for himself and his kids. He expresses great gratitude towards Kiva because this is truly a family a business that he and his kids are dependent upon. He will use the second loan for the same purpose as his business continues to flourish and clients increase consistently.
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.
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Success!! The loan was 100% repaid