Funded

Total loan: $1,075
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Segundo Enrique


A loan of $1,075 helped to invest in machinery, in particular, a circular saw to help him cut and create wood designs faster.


Segundo Enrique's story

Enrique, 65, was born in Alausí but lives in Santo Domingo. Santo Domingo is one of Ecuador's largest cities and has a humid climate. It is strategically located between the coast and the mountains, and, therefore, has experienced rapid growth in recent decades. Farming and commerce are the city's principal activities, and its economic growth has spurred a variety of sectors that have enriched the community.

Enrique started his business 10 years ago and has enjoyed considerable success. He is requesting a loan to invest in machinery, in particular, a circular saw to help him cut and create wood designs faster. Enrique works on average 8 hours a day, but he feels he has reached the point at which he must invest to grow and increase his income. His goal is to open a well-stocked workshop in a good location.

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Loan details

Loan length:

15 months
Repayment schedule: Irregularly
Disbursed date: July 17, 2012
Facilitated by Field Partner: Fundacion Alternativa

Lenders and lending teams



Loan details

Loan length:

15 months
Repayment schedule: Irregularly
Disbursed date: July 17, 2012
Facilitated by Field Partner: Fundacion Alternativa