Funded

Total loan: $975
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Luis Armando

Ecuador
Libertad, Ecuador / Fishing

A loan of $975 helped to buy nets and casting nets.


Luis Armando's story

Luis is 29 years old and lives in Libertad with his family. His wife is a housewife and cares for their two children. Luis works in small-scale fishing. He learned the work from his in-laws when he married. He began as an assistant to the fishermen in the family business. With the passing of the years he acquired skill. At this time he does not have his own fiber boat, so he uses his in-laws' boat, in this way doing his daily work. The working schedule that he keeps is from the afternoons, when they go out on the open sea, until dawn, when they return with the product of their fishing to sell. For the most part, the products are shrimp, lobster, and fish, which he sells by the crate to the restaurants and by the pound to the retail trade. His greatest difficulty is the pirates who steal motors as well as fishing equipment and the product. Luis comments that one of his greatest worries is being stranded on the open sea. With the loan, he will buy nets and casting nets and make some improvements on the boat, since the salt has deteriorated it. Luis's dream for the future is to be able to have his own boat.

Translated from Spanish by Kiva volunteer Pam McMurry



Loan details

Loan length:

14 months
Disbursed date: June 12, 2012
Facilitated by Field Partner: Banco D-MIRO S.A.

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: June 12, 2012
Facilitated by Field Partner: Banco D-MIRO S.A.