Ecuador
Lauro Frederman Martinez Portilla is 48 and lives in the parish of Monteolivo in Carchi province. His main source of income has been farming for the past 30 years and his has experience of growing many crops, although his current specialties are avocados and tomatoes.
Lauro Frederman Martinez Portilla is requesting a loan of US $5000 (£3797.12) for investing in his onion farming business and buy cattle to expand his livestock farming business. He will repay the loan in 36 months.
He will buy 10 calves for US $3500 (£2658.24), each calf costing US $350 (£266), which he will raise, feed and subsequently sell. With the rest of the loan money he will buy 1000 kg of fertiliser for US $525 (£399), agricultural supplies for US $375 (£285), onion seeds for US $370 (£281) and he will pay US $230 (£175) as wages for 8 people to maintain his land. Lauro hopes that his new project will be successful while he is recovering from the low sales of his harvests.
The number of COVID cases has been very high in Ecuador and the low-income entrepreneurs we support through Lendwithcare have been deeply impacted by COVID-related restrictions. Despite economic activity re-starting, the whole country is living with tiered restrictions, and support is vital in helping small-scale entrepreneurs rebuild and/or diversify their income-generating activities.
If you are lending, please be aware that due to the current COVID-19 pandemic your repayments could be at greater risk of delay or default.
Loan added: 13 November 2020
Lauro Frederman's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £381.14 | ||
| £64.72 | ||
| £82.42 | ||
| £83.71 | ||
| £90.25 | ||
| £86.45 | ||
| £89.47 |
The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.
