Ecuador
Please note: Due to the current economic and social instability in Ecuador, the country is experiencing record levels of regional displacement and migration. While this is not a pattern we are seeing across the country, it is worth noting that during this time your loans in Ecuador may be at more risk of delay or non-repayment.
Edwin is single man with no children. He lives in the picturesque hills of Palanda, located in the Mirador region of Palanda. Edwin tends to bulls and cows, nurturing them from birth to maturity, all of which are sold live. This legacy spans generations, with the family's lands passed down through the ages.
Edwin began his microenterprise six years ago when he inherited three cows from his parents. Through unwavering dedication and prudent savings, he gradually expanded his herd, eventually acquiring an additional six cattle. This cycle of growth continued, with each successful sale financing the acquisition of more calves for breeding and resale. Today, Edwin's microenterprise proudly boasts approximately 23 head of cattle—a testament to his hard work and a clear sign of his ambition to expand even further.
Every morning, Edwin diligently cares for the animals and maintains the facilities, ensuring the well-being of his cattle. Annually, Edwin's microenterprise generates 23 head of cattle, each sold for approximately $750 (£578). This translates into a monthly income of $1,437 (£1,107) and a profit of $450 (£347), which not only supports his household but also sustains his dreams.
Now, Edwin is actively seeking a loan of $2,200 (£1,765) to purchase approximately 20 calves for breeding and fattening. This investment represents a crucial step in securing the future of his microenterprise and realising his aspirations. Please note, he will repay the loan in four half-yearly instalments over two years, rather than monthly.
Loan added: 11 September 2023
Edwin Asencio's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £176.16 | ||
| £0.00 | ||
| £0.00 | ||
| £0.00 | ||
| £0.00 | ||
| £0.00 | ||
| £440.40 |
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.
