Ecuador
Eduardo Vicente is 47 years old and in a civil partnership. He lives in Atuntaqui in the province of Imbabura. He is father to two children. He is in farming, he grows berries and has 5 years' experience. With his income he can cover his household expenses and create employment for families living nearby.
Eduardo Vicente Fraga Sánchez has requested a loan of $4,000 (£2886) to be repaid over 30 months in monthly repayments. With this money he will invest $600 (£433) in preparing the land, and $3,400 (£2453) in maintaining and repairing his irrigation equipment.
By fixing his irrigation system he will be able to continue cultivating fruit, because it will improve the quality of his produce and it will enable him to sow and harvest other crops in other cycles. For now he wants to be able to meet the demand of his customers with the goal of increasing his income.
Eduardo grows his crops on 4 hectares of land and sells his produce at the local markets.
Please note that this loan will not be repaid in equal monthly instalments. Please see the repayment schedule below for more details.
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: 16 March 2021
Eduardo Vicente's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £288.09 | ||
| £60.83 | ||
| £79.97 | ||
| £79.85 | ||
| £82.40 | ||
| £82.40 | ||
| £83.70 |
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.
