100%

funded

Total loan: $1,000

Ernesto

Flag of Timor-Leste
Batugade, Bobonaro, Timor-Leste / Food

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A loan helped to buy more fish from fishermen in order to resell and generate good income for his family.


Ernesto's story

Ernesto is a fishmonger living in Bobonaro Municipality. Most of his daily income comes from selling fish, which he buys from fishermen. He has been doing this business for many years with his own working capital. He is busy working at this business every day in order to earn enough money to support his family's everyday needs.

He requested a loan in the amount of USD 1,000 through KIF to improve and expand his business. He will use the loan funds to buy more fish from fishermen in order to resell and generate good income for his family. As a result of this investment, Ernesto hopes to run a bigger business in the future.