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Víctor Eduardo
Victor is 40 and divorced. He lives in Otavalo with his children, ages 18, 12, 9 and 7. He feels he is an enterprising person who wants a better lifestyle for his children and his mini-business to grow.

He runs a bakery and began with only a twin-shelf oven ten years ago. This is the fourth loan he is requesting through FODEMI. It will be used to buy 50 quintals of flour, 20 kilos of baking powder and ten containers of lard to increase production, sales and income. He hopes to improve his children's lifestyle and provide them with a good education.

His goal is to be able to hire help, ensure his children are healthy and that they develop professionally.
View original language description ↓
Víctor tiene 40 años es divorciado. Vive en Otavalo con sus hijos que tienen 18, 12, 9 y 7 años de edad. Se considera como una persona emprendedora que quiere el bienestar de sus hijos y que su microempresa crezca.

Trabaja en una panadería, empezó a trabajar solo con un horno de dos latas hace 10 años. Es la cuarta vez que le solicita créditos a FODEMI, el crédito que solicita actualmente es para la compra de 50 quintales de harina, 20 kilos de levadura y diez bultos de manteca para poder incrementar su producción, sus ventas y sus ingresos, con lo cual podría mejorar la calidad de vida de sus hijos y les podría dar un buen estudio.

Su sueño es poder contratar a personas que le ayuden; también ver a sus hijos sanos y que se desarrollen profesionalmente.

Additional Information

About VisionFund Ecuador

VisionFund Ecuador is a microenterprise development fund that supports groups of entrepreneurs who lack access to formal financial systems. The organization works with vulnerable populations, especially women, in the marginalized urban and rural sectors of Ecuador. Its clients work in a variety of sectors including agriculture, artisan crafts and the commercial and service sectors. Kiva lenders’ funds are used to expand the organization’s services to the poor living in more rural parts of Ecuador.

About Ecuador

  • $10,600
    Average annual income
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Víctor Eduardo to buy butter, baking powder and lard.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Sep 3, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012