Juan Quinto

Location:	Guayaquil, Ecuador	Repayment Term:	9 months (more info)
Activity:	Restaurant	Repayment Schedule:	Monthly
Loan Use:	He is asking for this $800 microloan, so that he can purchase cooking items like spices and utensils.	Currency Exchange Loss:	N/A
		Default Protection:	Covered

Juan Quinto was born in Vinces, Ecuador. He is a forty-year-old married man who also owns a small restaurant. His cooks up specialties like encebollado and lunch dishes like seco de pollo (chicken stew with rice) and lomo salteado (thinly cut beef with onions and tomatoes). Encebollado is a favorite in Ecuador because of the incredible mix of ingredients, including albacore tuna, onions, yucca, and lime, but also because of its hangover-curing powers. Juan works every day from 6am until 3pm, serving local clients who stop in for a hearty lunch. He is asking for this $800 microloan, so that he can purchase cooking items like spices and utensils. Also, Mr. Quinto wants to be free of the “chulqueros” or loan sharks who generally charge 20% monthly. Juan wants potential lenders to know that he is very hard-working and entrepreneurial. He recognizes the opportunity in front of him and has agreed to pay back his loan in a timely manner.

Lenders to this entrepreneur

Holly
Redwood City, CA
United States

Anonymous
AK
United States

Theodore
Seattle, WA
United States

Tom
Front Royal, VA
United States

Sonia Mukhi
New York, NY
United States

Melissa Faith
NC
United States

Rhys
Los Angeles, CA
United States

Anonymous
Boynton Beach, FL
United States

Michael
Mobile, AL
United States

Anonymous
Akron, OH
United States

Reid Hoffman
Mountain View, CA
United States

Anonymous
Zürich, ZH
Switzerland

kathy
Gadsden, AL
United States

Harvinder
Mercer Island, WA
United States

Rupshi
Malahide,
Ireland

John
Civic Square, Australian Capital Territory
Australia

Anonymous
Miami, FL
United States

Carol
Pittsburgh, PA
United States

Journal entries for Juan Quinto

Noticias Entrepreneur: Juan Quinto Location: Guayaquil, Ecuador Juan Les envia saludos y les agrqadece por el microcredito recibido, podra ahora comprar mas inventarios para atender a los clientes del barrio y generar mas ingresos para el sustento familiar.
Posted by Luis Crespo from Guayaquil, Ecuador Oct 14, 2006
Comment on this entry

Juan's success Entrepreneur: Juan Quinto Location: Guayaquil, Ecuador Juan’s business is doing very well these days. When Juan received his loan, he immediately invested in new chairs and tables for his restaurant. He was able to offer a better environment for his clients and therefore saw business increase. Recently, he was able to buy a new refrigerator to keep his food in and store sodas and drinks. His business has flourished in the last several months thanks to the lenders who provided capital for him. He is now considering opening a new location where he will have access to more clients.
Posted by Robert Edgar from Guayaquil, Ecuador Mar 27, 2007
Comment on this entry

Juan's success Entrepreneur: Juan Quinto Location: Guayaquil, Ecuador Juan’s business is doing very well these days. When Juan received his loan, he immediately invested in new chairs and tables for his restaurant. He was able to offer a better environment for his clients and therefore saw business increase. Recently, he was able to buy a new refrigerator to keep his food in and store sodas and drinks. His business has flourished in the last several months thanks to the lenders who provided capital for him. He is now considering opening a new location where he will have access to more clients.
Posted by Robert Edgar from Guayaquil, Ecuador Mar 27, 2007
Comment on this entry

Repayment Schedule for Juan Quinto

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	Expected Repayments	Actual Repayments	Comments
January 2007	$133.33	$134.00	Repayment Received
February 2007	$133.33	$134.00	Repayment Received
March 2007	$133.33	$134.00	Repayment Received
April 2007	$133.33	$0.00	Repayment Received
May 2007	$133.33	$134.00	Repayment Received
June 2007	$133.35	$264.00	Repayment Received