A loan of $1,000 helped cement, paint.

Segundo Vicente's story

Segundo is 59 years old. He owns a shop in which he sells spare bicycle parts and “encebollado” (a stew made with fish or meat and onions). He lives with his wife in the suburb of Guayaquil, an urban area where most of the inhabitants are informal traders.

He began repairing bicycles about 15 years ago, but as time passed, he realized that people wanted to buy the spare parts rather than send in the bicycles for repair so he decided to use his savings to buy spare parts and sell them in his shop. To earn more money, he also sells “encebollados” (a typical breakfast dish) at the same shop in the mornings. That means he sells “encebollados” from 7:30 until 9:30 and he spends the remainder of his time selling spare parts.

He will use this loan to buy cement and paint to make modifications to the shop and have space for both of his businesses. In the future, he wishes to enlarge the shop, and continue working to help his family financially.

Translated from Spanish by Kiva volunteer Eleanor Francoletti-Putz

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