A loan of $1,000 helped purchase a chicken roaster so that he can start a new food business.

Ernesto Everaldo's story

Ernesto is 56 years old and lives in Suburbio in Guayaquil (an urban area where most of the residents engage in informal businesses). He manages a vulcanization shop where he repairs automobile tires. When he started this business, Ernesto noticed that several buses pass by his house that are in need of repairs.

He gradually began fixing tires until it became his primary job. Now he works from 8:30am until 4pm every day. Since there is great demand for repair services, he had to hire an employee to work as his assistant. In order to generate additional income, Ernesto is requesting a loan to buy a chicken roaster so that he can start another business and secure his retirement.

In the future, he wants to solidify his vulcanization shop and have his own chicken rotisserie so that he can have a secure retirement using the income from both businesses.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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