A loan of $1,700 helped to pay for advertising space in the newspaper and musical production for his band.

Ecederio's story

Ecederio, who is sixty years old, is a hard-working man. He has lived with his wife, Bertha, for the past twenty-seven years. They both have two children that they take care of in their own home, which is located in the town of San Carlos. At his age, he is an entrepreneur who is saving money to be able to start two musical groups together with other people who are well-known in the area, so as to earn more income. He is constantly advertising his group’s appearances. At the same time, he rents musical and audio equipment, such as amplifiers, percussion instruments, guitars, and sound mixers, among others. He has been working this way for thirty years. He is also a real estate agent who sells houses for third parties, who pay him a commission for each sale, along with land for the construction of houses for third parties. His work involves purchasing a lot for a low price and then re-selling it for a higher price. Thanks to these efforts, he has been able to save a considerable amount of money. “I can’t mix my capital. I have capital for my equipment rental shop, another for my real estate business, and another for my musical group,” he says. As a result, he always works with established budgets, which help him to manage his business. This is his fourth loan with MFP [Microfinanzas Prisma]. He is happy because he has the capital he needs to improve his business and, as a result, his quality of life. Additionally, he likes belonging to his group because the members are hard-working and caring. After receiving his loan, Ecederio will invest the money he is requesting by paying for posters, newspaper advertisements, and musical production for his musical groups.

Translated from Spanish by Kiva volunteer Tim O'Reilly

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