Check out some available loans that are similar to this one!
Santo Thony
The communal bank Productivo meets every two weeks in the canton of Montecristi, known for its rich pre-colonial culture and its handicrafts, which are renowned nationally and internationally. It is home to the famous Panama hat.

This is where Santo lives. He is 48 years old and is in a common-law marriage, of which he has two children. They are 22 and 21 years old and attend university. His wife is a home maker and helps him with his work.

Our friend has an auto repair shop specializing in the electrical and computerized parts of the vehicle. He says lots of customers come to his shop for him to work on their vehicles because there aren't very many mechanics who can fix this type of problem. Her wife helps him with his work, as well as their children when they can. He has been in his shop for five years, and rents the premises. There he also sells some electrical spare parts, because it makes his work easier and also allows him to make some extra money.

This loan is to purchase certain electrical spare parts for vehicles, which he needs in order to stock his business. This is his fifth cycle with the communal bank, and he likes it because the interest rates are very low compared to other banks.

His dream is to have his own premises so that he no longer has to pay rent.
View original language description ↓
EL Banco Comunal Productivo 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 el Señor Santo, tiene 48 años de edad y mantiene una relación de unión libre de la cual tiene dos hijos de 22 y 21 años de edad los mismos que estudian en universidad. La esposa es ama de casa y le ayuda en su trabajo.

Nuestro amigo tiene un taller de mecánica automotriz, su especialidad es la parte electrónica y computarizada de los automóviles, nos cuenta que son muchos los clientes que llegan hasta su taller para que les realice sus trabajos ya que no hay muchos técnicos que arreglan este tipo de daños en los vehículos. Su esposa le ayuda en su trabajo al igual que sus hijos cuando ellos pueden, él lleva con su taller por más de 5 años el cual lo tiene en un local alquilado. Allí también el vende ciertos repuestos eléctricos ya que esto le facilita el trabajo y además se gaña algo extra.

Este crédito es para comprar ciertos repuestos eléctricos para vehículos que necesita para surtir su negocio. Este es el quinto ciclo en el Banco Comunal y le gusta porque los intereses son muy bajos en relación a otros bancos.

Su sueño es tener un local propio para ya no pagar arriendo.

About Ecuador

  • $10,200
    Average annual income
  • 59
    View loans »
    Ecuador Loans Fundraising
  • $23,522,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Santo Thony to purchase electrical spare parts for vehicles.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2012
Listed
May 25, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012