Porfirio gaston Cuenca tomin

Catamayo, Ecuador

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Porfirio gaston needed £2340.43 for his business.

Amount Requested

Amount requested:


Repayment term

Repayment term:

24 Months

Activity type

Activity type:

Workshop / Manufacturing

MFI Partner

MFI partner:


Gaston Cuenca has been working as a welder for the past 35 years or so. He is a widower. His late wife encouraged him to start working for himself - previously he was employed in another welding workshop. With their savings, they bought a property to establish the workshop in the small town of Catamayo in the province of Loja in southern Ecuador. Don Gaston makes items such as doors, windows, roofs and fencing among others. Every day his workday starts at 8 am and he finsihes at around 5 pm. In the beginning he had few orders and few tools. However, his business has grown and he has been able to build his own house and buy another small plot of land. He paid for his childen’s education and they are now all adults and independent. Don Gaston makes a profit of around $750 per month and employs an assisant. He requested a loan to buy a new compressor, metal and other materials and buy a new iron cutting machine so he can work more efficiently.

loan added: 12 April 2018

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Porfirio gaston's loan Repayment schedule

Date Expected repayments Actual repayments
April 2018 £212.77 --
May 2018 £88.65 --
June 2018 £88.65 --
July 2018 £88.65 --
August 2018 £88.65 --
September 2018 £88.65 --

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