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Marco
Marco, age 40, lives in the city of Borbón in the Esmeraldas province. He lives with his wife, and he has a 14 year old son, who attends school. Marco has been farming ever since he was very young.

He says that thanks to the loan that was granted by FODEMI, he was able to buy and plant 2,000 cacao plants on his land, which is very fertile. He hopes that in the harvest he will be able to sell 20 ‘quintales’ [a quintal is approximately 100 pounds] of cacao every two weeks. This whole process occupies four workers daily.

His goal is to increase his crops, to give work to more people, and to increase his income in order to continue supporting his son’s education so that he will become a good professional.
View original language description ↓
En la ciudad de Borbón, Provincia de Esmeraldas el señor Marco de 40 años vive con su conyugue y tiene un hijo de 14 años quien se encuentra asistiendo al colegio. Él se dedica a la agricultura desde que era muy joven. Comenta que gracias al crédito que le otorgó FODEMI pudo comprar y sembrar 2000 plantas de cacao en sus tierras que son muy fértiles y que espera que en la cosecha pueda vender 20 quintales de cacao quincenalmente. Para todo este proceso ocupa a 4 trabajadores diariamente. Su meta es aumentar sus sembríos, dar trabajo a más personas e incrementar sus ingresos para seguir apoyando a su hijo en sus estudios y que llegue a ser un buen profesional.

Additional Information

More information about this loan

This loan is part of VisionFund Ecuador's effort to reach vulnerable populations located along Ecuador’s frontier with Colombia. This region generally lacks access to financial services and is populated by many Colombian refugees seeking asylum from guerrilla warfare. This loan is designed to help these vulnerable populations improve their lives and set up sustainable businesses.

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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 44
    View loans »
    Ecuador Loans Fundraising
  • $23,222,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Marco to buy 2,000 cacao plants.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2014
Listed
Feb 15, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015