A loan of $1,000 helped buy supplies for locksmith business.

Pedro Ibar's story

Pedro is 54 years old. He lives in the Guasmo neighborhood of Guayaquil (a place where many businessmen work in the informal economy). He has operated a locksmith business from his house for 20 years.

Pedro started the business all those years ago to support his family. He has worked ever since, from 7:00 in the morning to 4:00 in the afternoon, repairing and installing hardware on doors. His three children help him with the business so that he can complete jobs faster.

Pedro needs the loan to buy supplies for the business so that he can pick up new customers. In the future, he wants to make improvements to his house and set up a separate shop for the business.

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Translated from Spanish by Kiva volunteer Jere Wiseman

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