Ecuador
Luis Enrique lives in the San Blas parish, province of Imbabura, Ecuador. He is 69 years old and married. To cover household expenses, Luis and his wife work diligently in agriculture, primarily cultivating toa beans for the past 23 years on two hectares of their land. They harvest their produce twice a year.
Annually, Luis produces 480 sacks of beans, selling each for $18 in markets and to traders. This generates an income of $1000, from which he deducts expenses for transportation, agricultural inputs, and others, resulting in a profit of $330. In order to continue improving his crop production, Luis is requesting a loan of $1500 to be repaid in 18 monthly instalments. He plans to invest $280 in acquiring agricultural inputs to nourish the soil, $400 for purchasing organic fertilisers to nurture the crops during the production cycle, $460 in hiring individuals to assist in crop care, and $360 for unforeseen crop expenses. His crops will be harvested within four months.
Loan added: 27 December 2023
Luis Enrique's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £117.91 | ||
| £58.48 | ||
| £59.24 | ||
| £60.81 | ||
| £60.77 | ||
| £61.91 | ||
| £62.34 |
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.
