Ecuador
Carlos Manuel is 67 years old, married and lives with his wife in a rural area in the province of Carchi in northern Ecuador. Carlos and his wife have been farming for 45 years, currently focusing on growing corn and beans on four hectares of their land. They harvest twice a year and sell the produce at local markets.
Carlos requests a loan of $2,500 to be repaid in 24 monthly instalments to improve crop production. He plans to spend $805 on organic fertiliser to fertilise the crops in two planting stages: flowering and growth. He also plans to invest $180 in agricultural inputs to improve soil fertility and $255 to hire agricultural workers to clean and fertilise the crops. In addition, he will use $700 to replace the roof of his house, which needs to be renovated, and $560 to fix the floor. His produce will be harvested in four months, and each bundle will be sold for $20.
Loan added: 23 October 2023
Carlos Manuel's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £205.54 | ||
| £74.02 | ||
| £74.17 | ||
| £75.87 | ||
| £76.09 | ||
| £77.06 | ||
| £79.35 |
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.
