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Joaquin
Joaquin is 41years old and considers himself to be a happy, hard-working person, who likes being responsible for providing for his family. He lives with his wife and their children in Riobamba.
Joaquin has been working as a brick-maker for 3 years and his business has been consistently growing. Consequently, to expand his business further he is applying for a FODEMI loan which will be invested in building a bigger brick oven so that he can work more efficiently and bake more bricks. If he had a bigger oven he would be able to complete his customers' order quicker and serve his customers better.
Joaquin's dream is to buy himself more land so that he can also work in agriculture in order to improve his income and his family's quality of life.
View original language description ↓
Joaquin tiene 41 años de edad, se considera una persona alegre, muy trabajador y le gusta ser muy responsable para sacar adelante a su familia. Joaquín vive con su esposa y sus hijos en Riobamba.

Joaquín se dedica a la elaboración de ladrillos, durante 3 años ha tenido este negocio y ha ido creciendo constantemente, por lo que necesita incrementar su negocio, es por eso que realiza un crédito a Fodemi el mismo que va a ser invertido en la construcción de un horno de ladrillos más grande ya que le optimizará tiempo y podrá hornear más ladrillos y los pedidos que tenga los va a poder cumplir en menor tiempo y sus clientes van a ser mejor atendidos.

Joaquín sueña en comprarse un terreno más grande para también dedicarse a la agricultura, para mejorar sus ingresos y mejorar la calidad de vida de su familia.

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
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Joaquin to build a bigger brick oven to become more efficient and be able to bake more bricks.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 6, 2013