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Miguel

Miguel has 7 years' experience in selling seafood, which he learned from his father who took him to work with him from a very young age. Miguel learned and mastered the trade as he gained more experience. He decided to work on his own since he was married and needed to be able to cover the expenses for his household. He works from 4 am to 11 am every day with his wife and a relative who helps them remove the meat from crabs so that later it can be put into tubs and sold.


Miguel wants a loan to be able to invest in different types of seafood. This is his second loan with our program. He hopes that he can give his brother work with the income generated. Miguel is married, 23 years old, and has a daughter six months old. He hopes to be able to earn enough to have his own home, since he now lives with his parents.

About Ecuador

  • $10,200
    Average annual income
  • 18
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Miguel invest in other types of seafood.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 18, 2007
Listed
Sep 3, 2007
Currency Exchange Loss:
N/A
Ended:
May 9, 2008