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Luis Alfredo
Luis is a cheerful person. He is very responsible with his job, he is resourceful and he has a great wish to progress in life to make his dreams come true and improve his family’s standard of living. Luis lives with his wife and their son in the town of Ibarra.

Luis works with his wife making items of clothing such as crossed-stitched T-shirts and synthetic leather jackets. Luis has been engaging in this activity for years and things have been going very well. He can currently count o many customers and for this reason he needs to increase his production in order to get a better income ant to keep on progression. For this reason he has decided to ask Fodemi for a loan to use it to buy rolls of cross-stitched cloth and synthetic leather sheets for his jackets.

Luis dreams of owning an adequate sewing workshop for his activity and to succeed in hiring more people to increase his production, in order to improve his family’s standard of living.
View original language description ↓
Luis es una persona alegre, muy responsable en su trabajo, emprendedor y tiene muchas ganas de salir adelante para cumplir sus sueños y mejorar la calidad de vida de su familia. Luis vive con su esposa y su hijo en la ciudad de Ibarra.

Luis trabaja con su mujer en la confección de ropa, como camisetas en tela de punto, chompas en cuero sintético, Luis se ha dedicado a este negocio 5 años y le ha ido muy bien, actualmente tiene varios clientes por lo que necesita incrementar su producción para obtener mejores ingresos y seguir adelante, decide realizar un crédito en Fodemi el mismo que invertirá en la compra de rollos tela de punto y planchas de cuero sintético para las chompas.

Luis sueña en tener un taller adecuado para su negocio y poder incrementar personal para que su producción sea mayor y con esto mejorar su calidad de vida de su familia.

Additional Information

About VisionFund Ecuador

VisionFund Ecuador is a microenterprise development fund that supports groups of entrepreneurs who lack access to formal financial systems. The organization works with vulnerable populations, especially women, in the marginalized urban and rural sectors of Ecuador. Its clients work in a variety of sectors including agriculture, artisan crafts and the commercial and service sectors. Kiva lenders’ funds are used to expand the organization’s services to the poor living in more rural parts of Ecuador.

About Ecuador

  • $10,600
    Average annual income
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $26,541,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Luis Alfredo to buy rolls of cross-stitched cloth and synthetic leather sheets.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 5, 2012
Oct 19, 2012
Currency Exchange Loss:
Feb 25, 2014