Funded

Total loan: $375
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Carlos

Ecuador
Guayaquil, Ecuador / Food Market

A loan of $375 helped buy fruits and vegetables at wholesale prices.


Carlos's story

Carlos has 5 years of experience in his store. Previously he worked selling vegetables at outdoor fairs but he had to stop because of problems with the city. Later he and his wife decided to start a food sales business. On his own initiative he decided to sell the chairs and tables that he had to raise financing, and began to buy stock for his food store. At the moment he rents space close to his home, He works every day of the week from 7 am to 10 pm.

Carlos wants the loan in order to be able to expand his business with products he doesn’t currently offer. He is confident that with this investment he will successfully increase his earnings.

Carlos is 63 years old. He is married and has an adult son who helps him with what he needs. His son lives with Carlos and his wife. In the future he hopes to improve his house and to be able to fix up a place in his home for his business, to save what his is spending on rent.

Translated from Spanish by Erin Corcoran, Kiva volunteer.

Carlos tiene una experiencia de 5 años con el negocio de la tienda. Anterior a esta el se dedicaba a la venta de legumbres en las ferias libres pero por el municipio que los molestaba tuvo que dejar esa actividad. Luego de esto decide junto a su esposa poner un negocio de venta de comida. Por su iniciativa decide vender las sillas y mesas que tenia y logra financiarse para poder comenzar a comprar víveres para su tienda. Al momento arrienda el local cerca de su domicilio, la trabaja todos los días de la semana en el horario de 7 a.m. hasta las 10 p.m. Carlos desea el crédito para poder surtir su negocio con productos que no tiene y esta seguro que con dicha inversión lograra tener más ganancias. Carlos tiene 63 años, es casado y tiene un hijo el cual ya es adulto y le ayuda en lo que necesitan, su hijo ya tiene compromiso y vive con ellos. A futuro espera mejorar su domicilio y poder adecuar un lugar en el para poner su negocio y no estar pagando arriendo por el mismo.

Mifex offers its clients microinsurance and access to business training and educational programs. For more information about microfinance, Ecuador, and our services, please visit www.mifex.org.


Loan details

Loan length:

8 months
Disbursed date: February 25, 2007

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: February 25, 2007