Ecuador
Luis Fernando is a young entrepreneur. He is 26 years old and lives in the Quitumba community, in the Cotacachi canton, Imbabura province in northern Ecuador. Luis has been working in the agricultural sector for 2 years, growing apples on half a hectare of land in the district. He sells his harvested crops twice a year to traders/merchants at the market in his area. During his spare time, he works as a mechanic repairing and maintaining motorcycles.
Luis Fernando requests a loan of US$4,000.00 (£3,203.39) that he plans to repay in 22 monthly payments. The purpose of the loan is for buying fertilizer, agricultural inputs and apple plants for expanding his apple farming activity. The investment will allow Luis to improve his household income and obtain better crops. He will invest US$800.00 (£640.58) for organic fertilizer, US$300.00 (£240.21) for farming inputs, US$2,500.00 (£2,001.70) for 500 apple plants, and US$400.00 (£320.20) for buying a stationary pump to fumigate the crops.
Loan added: 16 May 2023
Luis Fernando's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £319.36 | ||
| £123.19 | ||
| £125.13 | ||
| £125.63 | ||
| £127.66 | ||
| £131.08 | ||
| £131.86 |
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.
