Ecuador
Luis Byron is from Cotacachi in the province of Imbabura in northern Ecuador. He lives with his partner and children in a rural community called Gualsaquí Bajo. For the last for years he has worked as a tailor. He also has a smallholding where he grows organic vegetables which he sells at the farmers markets on Sundays.
Luis Byron learned to make garments from helping his sister. He spends around nine hours each day tailoring. He requested a loan of $3,000 repayable over 18 months. About $1,600 is to buy fabric to work with, specifically materials to makes jackets and also lycra. The rest of the money is to buy construction materials to improve his home which also serves as his workshop. Specifically, $170 is for cement, $400 for metal windows, $600 for a zinc roof, and the rest is for galvanised steel wire. 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: 3 October 2021
Luis Byron's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £221.48 | ||
| £108.01 | ||
| £108.72 | ||
| £111.82 | ||
| £112.72 | ||
| £114.75 | ||
| £119.63 |
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.
