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Pedro
Pedro has 6 years of experience in the washing machine rental business. From the age of 12 he worked with his father as a fisherman; later he began to sell fish on his own. He decided to leave the seafood business and began to sell cell phone cards in the street, but the city wouldn't let him work. Finally one day his wife encouraged him to buy a few washing machines and to begin to rent them. He liked the idea and with the money they had saved they bought 4 washing machines in cash and started the business. Currently they have 6 washing machines and 2 tricycles with which they move them from house to house. They work from 7 am to 9 pm every day of the week.


Pedro wants the loan in order to buy himself 2 more washing machines. He has lots of demand that he is currently unable to meet.


Pedro is 32 years old. He is married with 3 children, 2 of whom are currently in school. His wife works selling shellfish in the morning and in the afternoon she helps with the washing machine business. About six months ago they bought a small house, since they were living with Pedro's mother. In the future they hope to begin to fix it up in order to give their family a better life.

Translated from Spanish by Erin Corcora, Kiva volunteer.


Pedro tiene una experiencia de 6 años en el negocio de alquiler de lavadoras. Antes se dedicaba desde la edad de 12 años a la pesca junto a su padre, luego ya mayor comienza por su cuenta a vender pescado. Decide dejar ese oficio y comienza a vender tarjetas de celulares en las calles pero el municipio de la ciudad no lo dejaba trabajar, hasta que un cierto día su esposa le anima para comprarse unas lavadoras y comenzar a alquilarlas. Le gusto la idea y con un dinero que tenían ahorrado compran al contado 4 lavadoras y comienzan el negocio. Actualmente cuentan con 6 lavadoras y 2 triciclos que son donde las movilizan de un domicilio a otro en horario de 7 a.m. hasta las 9 p.m. todos los días de la semana.


Pedro desea el crédito para poder comprarse unas dos lavadoras mas ya que tiene una demanda muy buena y por el momento no se abastece con las que tiene.


Pedro tiene 32 años, es casado y 3 hijos dos de los cuales ya estudian. Su esposa también trabaja vendiendo mariscos en la mañana y en la tarde le ayuda a el en el negocio. Hace unos seis meses atrás el se compro una casita ya que vivía con su mama, y a futuro espera comenzar arreglarla para darle mejor vida a su familia.

Mifex offers its clients microinsurance and access to business training and educational programs. For more information about microfinance, Ecuador, and our services, please visit www.mifex.org.

About Ecuador

  • $10,200
    Average annual income
  • 37
    View loans »
    Ecuador Loans Fundraising
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $475 helped Pedro buy more washing machines for his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 23, 2007
Listed
Feb 8, 2007
Currency Exchange Loss:
N/A
Ended:
Sep 5, 2007