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Jorge Efrain
Jorge is very dedicated to his work. He is 59 years old, married, and lives with his wife, a married daughter, and a 13-year old grandson who attends high school. As the mother of his grandson has to go out to work, Jorge is in charge of the boy.

He is a mechanic and employs his son in his machine shop. He deals in exhaust pipes, car springs, silencers, and wind screens. With the loan money Jorge plans to buy much-needed soldering equipment so he can provide his clients with better service. His income will be good enough for him to cover his family's expenses and the education of his grandson.
View original language description ↓
Jorge es un señor muy dedicado a su trabajo, él tiene 59 años de edad, es casado y vive con su esposa, una de sus hijas que es casada y un nieto de 13 años que se encuentra asistiendo al colegio, comenta que la madre del niño tiene que irse a trabajar y por este motivo es Jorge quien se hace cargo de su nieto, este señor trabaja en su negocio que es una mecánica y le da trabajo a su hijo, ahí realiza tubos de escape, hojas para carro, silenciadores, y ventanas; con el crédito va a comprar una muladora que es una máquina que le hace falta para soldar, lo que más quiere Jorge es adquirir esta máquina y dar mejor servicio a sus clientes y así que sus ingresos sean lo suficientemente buenos para cubrir los gastos de su familia y de educación de su nieto.

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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jorge Efrain to buy soldering equipment.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2014
Listed
Apr 2, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015