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Luis Medardo
In the city of Tosagua, the communal bank Esperanza Nueva (New Hope) gets together every 15 days. This city is known for being very dynamic; most of its inhabitants make a living through agriculture and raising animals because it is an area with great vegetation.

Señor Luis lives here. He is 61 years old and separated from his wife. Out of this relationship he has eight children: six are older, and two are 9 and 12 years old and in primary school and high school.

In order to make a living and make sure his family does not lack what is necessary to live, Don Luis dedicates himself to transporting freight in his own car. He works every day in his car transporting freight to other places. Many merchants seek him out to go to the fields to buy fruits and vegetables to then take to markets in other cities. With each load he earns what is necessary to get ahead in life.

He is going to use this loan to buy certain spare parts for his car so he can provide better service. He has spent three years with the communal bank and likes it because the loans have helped him greatly when he needed it. His dream is to buy a new car and thus offer better service to his clients.
View original language description ↓
En la ciudad de Tosagua cada quince días se reúne el Grupo De Crédito Esperanza Nueva, este lugar se lo conoce por ser muy dinámico donde la mayoría de sus habitantes se dedican a la agricultura y a la cría de animales, por ser una zona con gran vegetación.
En este lugar vive el señor Luis, tiene 61 años de edad, está separado y de esta relación tienen ocho hijos, 6 mayores de edad y dos 12 y 9 años que estudian en colegio y escuela.
Don Luis para ganarse la vida y que a su familia no le falte lo necesario para vivir se dedica a realizar fletes en un carro de su propiedad, el trabaja todos los días en su carro realizando los fletes de un lugar a otro, muchos comerciantes lo buscan para ir a los campos a comprar frutas y verduras para luego llevarlas a otras ciudades a los mercados con lo cual se gana por cada flete lo necesario para salir adelante.
Este crédito lo va a utilizar para comprar ciertos repuestos para su carro y así brindar un mejor servicio. Lleva 3 años en el Grupo De Crédito y le gusta porque los créditos le han ayudado mucho cuando lo ha necesitado. Sus sueños son comprar un carro nuevo y así brindad un mejor servicio a sus clientes.

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About Ecuador

  • $10,600
    Average annual income
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Luis Medardo to buy spare car parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Jan 8, 2014
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014