Funded

Total loan: $800
Powered by 29 lenders

Manuel

Ecuador
Guayaquil, Ecuador / Blacksmith

A loan of $800 helped invest in materials for his metal workshop.


Manuel's story

Manuel is a blacksmith who makes gates, metal doors and windows. This is the second loan his is seeking from Kiva and Mifex. He was extremely satisfied with the results from the first loan in the amount of $300 received in May 2006. He invested in metal materials that allowed him to work much more quickly and efficiently. His repayments were on time and he proved to be a very responsible borrower. His family testifies to the success of the loan as they have seen a significant increase in income and improvement in their quality of life. Manuel is anxious to receive a larger loan so that he can scale his operation. He no longer wants to bring in clients just on references. His goal is to create a large inventory of his products to display in front of his home in order to attract new customers. He currently runs his operation in his backyard but his long-term goal is to open a workshop outside of his home.

Mifex offers its clients microinsurance and access to business training and educational programs. For more information about microfinance, Ecuador, and our services, please visit www.mifex.org.


Loan details

Loan length:

14 months
Disbursed date: November 23, 2006

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: November 23, 2006