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Fredy David
At 25 years of age, David is a young single man who lives with his parents. His mother works as a domestic employee and his father has a car painting shop. David has two activities: he raises hogs and works in a bakery. The loan will be invested in the purchase of pigs which he keeps on his mother's property since he lives with his parents.

David is a very enterprising young man with no bad vices. He aspires to have a growing business so that his income will increase and, in this manner, he will be able to help with household expenses. David comments that since his parents helped him, he wants to return their help.

If it's possible in the future, he wants to have his own bakery.
View original language description ↓
Con 25 años de edad David es un joven soltero que vive con sus padres, su mamá trabaja de empleada domestica y su papá tiene un taller de pintura de carros. Él tiene dos actividades, se dedica a criar chanchos y trabaja en una panadería, el crédito lo invertirá comprando chancos que les tiene en la propiedad de su madre ya que él vive con sus padres. David es un joven de mucho empeño y sin malos vicios que aspira que su negocio crezca para mejorar sus ingresos y de esta manera ayudar en los gastos del hogar ya que comenta que así como sus padres le apoyaron, él quisiera devolver esta ayuda. De ser posible en el futuro desea tener una panadería propia.

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
  • 30
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,200 helped Fredy David to buy pigs to raise and sell.
61% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2014
Listed
Mar 18, 2014
Currency Exchange Loss:
N/A