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A loan of $1,000 helped invest in farming & increase the operating capital for his business.

Jaime Estuardo's story

Jaime Estuardo M. B. is 49 years old and lives in the canton of San Miguel in Bolivar Province. He and his wife have two children, Mauricio (age 21) and Andrés (age 15).

Jaime is a member of the Communal Bank “Lotan Bajo”, which is 30 minutes away from the town of San Miguel. The group has a total of 13 members, most of whom engage in agriculture.

Jaime is dedicated to his two businesses, buying and selling cattle and growing agricultural products. These activities are the main source of income for his family. The two products he sells the most are cattle and corn. He acquires his products in San Miguel and also sells in both San Miguel and Guaranda. Jaime is requesting a loan to use for farming and to increase the operating capital for his business. He believes the loan will help his business so that he can buy and sell products. His dreams include upgrading the model of his car and buying a plot of land. The main challenge he faces is overproduction since his products can only be sold at lower prices since there are not enough buyers.

Jaime enjoys spending time with his family. He takes time to celebrate Carnival and the San Miguel patron saint festivals with his friends and family.

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

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Loan details