Don Pedro is a second time lender in the Kiva and Mifex program. He is the owner of a small store in Guayaquil where he sells rice, sugar, oil and other basic groceries. With his last loan he invested in more products and he was able to make some minor improvements to his store. He made all of the payments from his last loan on time and is now hoping he can take out a second. He plans on using the loan money to buy a display refrigerator where he can keep products cool and market at them at the same time. Don Pedro is 56 years and has 6 children, 3 of which still depend on him. He is a Colombian who has lived in Ecuador since he was 18.
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.
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