Ecuador
Marvin Maza is 21 and single. He is a young micro-entrepreneur and lives in “San Miguel de Los Bancos” in the central part of Ecuador. He lives with his elderly grandfather, whom he takes care of because he has mobility problems.
Marvin has been involved in cattle raising since he was a child and has always followed good environmental practices taught by his grandfather. He saved up to buy his first cow and continued with the activity until today.
Marvin's main activity is milk production, and he sells an average of 50 litres of milk per day to the local collection centre for approximately 0.42 cents per litre. This generates a monthly income of $450 (£360). Additionally, he works as a day labourer on nearby farms on weekends, earning an average of $50 (£40) per month. Despite his age, Marvin has managed to increase his production from one to seven cows, but financing has been a challenge for him.
Marvin has requested a $1,500 (£1200) loan to buy two dairy cows. He plans to repay the loan in 15 monthly instalments.
Loan added: 29 January 2024
Marvin Adrian's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £118.14 | ||
| £78.76 | ||
| £78.76 | ||
| £78.76 | ||
| £78.76 | ||
| £78.76 | ||
| £78.76 |
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.
