Ecuador
Monica Esperanza farms in northern Ecuador, in the community of San Francisco de la Línea Roja which is in the canton of Montufar in Carchi province. She is 36, married with three children and has been farming since she was 19. Currently she is dairy farming, breeds cattle and grows potatoes on her own land. She sells the both crops that she harvests, and the milk that her cows produce at market.
Monica Esperanza is requesting a loan of US$1600 (£1,327.51), to be repaid in 18 monthly instalments. She plans to use US$ 900 (£746.69) to buy agricultural supplies and US$800 (£663.79) to buy fertilisers. The purpose of the loan is to buy agricultural supplies to support a good potato crop production, which will help to increase her family income. The purpose of the loan is to buy agricultural supplies to support a good potato crop production, which will help to increase her family income.
Loan added: 20 February 2023
Monica Esperanza's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £133.14 | ||
| £63.54 | ||
| £65.24 | ||
| £66.89 | ||
| £67.38 | ||
| £69.01 | ||
| £69.60 |
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.
