Milton rene Velez cordero

Zamora, Ecuador

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31594 - thumbnail
31594 - thumbnail

Milton rene needed £1213.24 for his business.

Amount Requested

Amount requested:


Repayment term

Repayment term:

18 Months

Activity type

Activity type:


MFI Partner

MFI partner:


Milton René Vélez is a smallholder farmer from near the town of Zamora in southern Ecuador. Don Milton has an infant daughter who lives with her mother. He breeds and sells cattle and also cultivates ‘naranjilla’, a type of small orange. At present he has eight head of cattle and one hectare of naranjilla. He does provide financial support for his daughter. Don Milton estimates he earns a profit of around $250 every month on average. He requested a loan to buy more cattle and also pay for ploughing the land so he can sow more naranjilla. He provides employment for one labourer.

loan added: 24 December 2017

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Milton rene's loan Repayment schedule

Date Expected repayments Actual repayments
January 2018 £110.29 £110.29
February 2018 £61.27 £60.06
March 2018 £61.27 £59.38
April 2018 £61.27 £60.63
May 2018 £61.27 £63.07
June 2018 £61.27 £63.51

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