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Jorge Ramiro
Jorge is a person who enjoys working and doing things well. He lives with his wife and two children in Pimampiro which is located half an hour from Ibarra in Imbabura Province. Jorge has been working for 28 years in his small carpentry shop.

This is his first loan from Fodemi, which he is going to invest in purchasing new machinery and wood in order to build furniture. Due to the holiday season, he has had several orders and he needs to increase his production in order to earn a good income so that he can provide an education for his children and cover household necessities.

Jorge’s dream is to be able to finish building his house and to increase the new technology in his shop.
View original language description ↓
Jorge es una persona que le gusta trabajar y hacer bien las cosas. Jorge vive con su esposa y sus dos hijos en Pimampiro que se encuentra a media hora de Ibarra en la Provincia de Imbabura. Jorge trabaja 28 años en su pequeño taller de carpintería.

Es el primer crédito que realiza a Fodemi, el mismo que va a ser invertido en la compra de nueva maquinaria y madera para contruir muebles ya que por la temporada ha tenido varios pedidos y necesita aumentar su producción para poder obtener buenos ingresos económicos y poderles dar el estudio a sus dos hijos y cubrir las necesidades de su casa.

El sueño de Jorge es poder terminar de contruir su casa e incrementar nueva tecnología en su taller.

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
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $24,104,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jorge Ramiro to buy new machinery and wood in order to increase production and his sales in this Christmas season.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2011
Listed
Dec 22, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013