A loan of $1,000 helped purchase of soldering iron, multimeter, and spare parts.

Ricardo Manuel's story

Ricardo C. is 44 years old and lives in a cement house in the Paraíso neighborhood of Guyaquil. His wife helps him with family expenses by selling cosmetics. They have two children, 18 and 12. They both are studying at a legal school.

Ten years ago Ricardo started as an assistant in a radio repair shop. Little by little he gathered up enough money and built a small repair shop of his own. Currently Ricardo works from Monday to Saturday with his 18-year old son repairing radios, video games, and televisions. He has not had any problems with his business so far.

With the loan Ricardo wants to buy a soldering iron, a multimeter, and spare parts to improve his business. In the future he would like to add on to his shop and make improvements on his home.

Translated from Spanish by Kiva volunteer Patrick King

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