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Iván Augusto
The communal bank Nueva Ciudad Alfaro meets every two weeks in the Montecristi canton, known for its rich precolonial culture and for its handicraft which is renowned nationally and internationally, the place of the famous Panama hats.

In this place lives Don Iván, who is 34 and in a committed relationship by which he has three children, all of them minors who go to school, two in middle school and the youngest in elementary school. His partner devotes herself to business. He has three cycles in the communal bank and he likes it because the interest rates are lower than in other lending institutions.

He along with his partner devotes himself to the fast food business. Every afternoon they go to downtown Montecristi where they have a cart where they prepare and sell delicious hamburgers, hot dogs, french fries, juices, sodas and fruit smoothies. They work every day from 4 p.m. until 10 p.m. and have had the business for ten years, during which time it has gone very well for them.

This loan will used for purchasing sodas, beer, and the groceries he needs for preparing the foods.

His dream is to have a large restaurant.
View original language description ↓
EL Banco Comunal Nueva Ciudad Alfaro se reúne cada quince días en el Cantón Montecristi, conocido por su rica cultura pre colonial y por su artesanía que es reconocida a nivel nacional e internacional. Lugar de los famosos sombreros de paja toquilla.

En este lugar vive Don Iván, tiene 34 años de edad y mantiene una relación de unión libre de la cual tiene tres hijos todos menores y estudian dos en colegio y el menor en escuela. Su mujer se dedica al comercio. Lleva tres ciclos en el Banco Comunal y le agrada porque los intereses son más bajos que en otras instituciones de crédito.

El junto a su esposa se dedican al negocio de las comidas rápidas, todas las tardes ellos se desplazan hasta el centro de Montecristi en donde tienen una carreta donde preparan y venden deliciosas hamburguesas, hot dog, papas fritas, jugos, sodas y batidos de frutas, trabajan todos los días desde las 16h00 hasta las 22h00 y llevan en este negocio 10 años en los que les ha ido muy bien.

Este crédito lo va a emplear en comprar sodas, cervezas y víveres necesarios para preparar los alimentos.

Su sueño es tener un gran restaurante.

About Ecuador

  • $10,200
    Average annual income
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,604,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Iván Augusto to purchase sodas, beer and groceries.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2011
Listed
Aug 23, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012