Ecuador
Luis Fernando is a 37-year-old farmer. He is married and has two children who are in high school. Luis and his family reside in the rural parish of Montufar, in northern Ecuador. To cover household expenses and his children's education, Luis has been working in the fields for 19 years, primarily focusing on raising dairy cattle and calves.
Luis's hard work has gradually allowed him to acquire more livestock on his farm. Currently, he has 6 cows, 2 young bulls, and 2 calves. Together with the indispensable help of his wife, they care for and feed them daily for proper breeding.
With the aim of increasing the number of livestock on his farm, Luis has requested a loan to be repaid in 30 monthly instalments. He plans to spend $1500 (£1190) on purchasing six young bulls and $2000 (£1590) on acquiring four cows.
Loan added: 9 February 2024
Luis Fernando's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £277.45 | ||
| £77.13 | ||
| £77.05 | ||
| £79.04 | ||
| £79.03 | ||
| £81.00 | ||
| £81.08 |
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.
