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Juan Pedro
Pedro is a gentleman who is in a common-law relationship. He lives with his wife and their three children. Pedro says that he lived in a large city where he worked as a bricklayer, but his salary was not enough to cover the household expenses, food, and other costly incidentals. A year ago he decided to return to his birthplace of San Gabriel, which is a peaceful and dynamic place where products are not as expensive.

The loan he is requesting will be invested in the purchase of wood so that he can increase his business. His aspiration is to re-equip his business and cover his children’s expenses.
View original language description ↓
Pedro es un señor que vive en unión libre con una señora y tienen 3 hijos, Pedro comenta que vivía en una ciudad grande y que ahí trabajaba de albañil pero el sueldo no le alcanzaba por que los gastos de vivienda, alimentación y otros gastos eran muy caros y así que hace 1 años decidió regresar a su ciudad natal a San Gabriel que es un buen lugar donde hay tranquilidad y los productos no son tan costosos ya que es un lugar productor, el crédito lo va a invertir en la compra de madera para incrementar su negocio, su aspiración es readecuar su negocio y cubrir los gastos de sus hijos.

Additional Information

More information about this loan

This loan is part of FODEMI’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 FODEMI, a partner of World Vision International

FODEMI 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

  • $10,200
    Average annual income
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,566,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Juan Pedro to buy wood for his business.
68% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2014
Listed
Jun 18, 2014
Currency Exchange Loss:
N/A