Ecuador
Nixon Gustavo is 23 years old, has been a farmer for eight years and lives in the Bolivar canton in the province of Carchi. He recently became a father, so now his work has to cover his son's expenses as well as his own. Currently, he grows passion fruit, which grows in warm areas and is sold by the box. Each box sells for $16. For the second time, he is asking Lendwithcare for support to expand his business.
Nixon needs an adequate infrastructure for his passion fruit crop. He requests a loan of $3,000 with eight quarterly payments. He will buy a sprinkler irrigation system for $800, wood logs for $750, wire for $475, agricultural inputs for $280, fertilisers for $400. He will hire 10 people to help him in the maintenance of his crop, investing $295. With this investment, he could complete two crop cycles, with a total of about 400 boxes.
Loan added: 22 November 2023
Nixon Gustavo's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £239.14 | ||
| £0.00 | ||
| £0.00 | ||
| £253.60 | ||
| £0.00 | ||
| £0.00 | ||
| £268.64 |
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.
