Check out other loans that are currently fundraising!
Segundo Manuel
Segundo is 54, married, and has a 15 year-old son. He lives with his family in Cotacachi, which is located 30 minutes from Ibarra in the northern part of Ecuador. Segundo describes himself as a caring person, who likes to help the people who need it most. Segundo works with his wife in farming; specifically in growing beans.

He is applying for his third loan from Fodemi. He will use this latest loan to buy fertilizers, crop sprays, poles, wires and twine for growing beans. This will help him ensure that his crop is of good quality, and this way he will be able to get good income and be able to pay for his son's education.

His dream is to buy more land in order to continue farming, and to leave it to his son as a legacy, so that he keeps growing beans.
View original language description ↓
Segundo tiene 54 años es casado y tiene un hijo de 15 años, vive con su familia en Cotacachi que se encuentra a 30 minutos de Ibarra en el norte de Ecuador. Segundo se describe como una persona de buenos sentimientos que le gusta ayudar a las personas que mas lo necesiten.

Segundo trabaja con su esposa en la agricultura específicamente en el cultivo de fréjol. Es el tercer crédito que solicita a Fodemi, este último va a ser invertido en la compra de abono, fumigantes, palos, alambre y piolas para el sembrío de fréjol, lo cual le va a ayudar a que su producto sea de buena calidad y así podrá obtener buenos ingresos y podrá darle el estudio a su hijo.

Su sueño es comprar más terrenos para poder seguir cultivando y poder dejar de herencia a su hijo para que siga produciendo fréjol.

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

  • $10,200
    Average annual income
  • 70
    View loans »
    Ecuador Loans Fundraising
  • $23,911,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Segundo Manuel to buy fertilizer, crop sprays, poles, wire, and twine for growing beans.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Oct 11, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013