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Vicente is a repeat borrower on Kiva who owns a bakery and a small market. During his first loan Vicente only sold bread, but the $300 loan helped him expand his business. He was able to buy the raw materials for his baking operation at greatly reduced prices. With the profits from his bakery he eagerly reinvested in his business. He purchased a new refrigerator, bought complimentary goods to sell and now has a full fledged market where he sells a wide variety of products including his fresh bread. He is reapplying for a second loan in order to buy ingredients for Pan de Pascua (Christmas bread) which is very popular during the holiday season. These ingredients include: flour, sugar, yeast, dried fruit and nuts. He will also continue investing in complementary products to sell at his market.

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About Ecuador

  • $10,600
    Average annual income
  • 69
    View loans »
    Ecuador Loans Fundraising
  • $26,542,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Vicente invest in ingredients to make Pan de Pascua (Christmas Bread) and purchase complementary products to sell as well.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 24, 2006
Nov 8, 2006
Currency Exchange Loss:
Dec 13, 2007