Luis humberto Diaz valenzuela

Parroquia Salinas, Ecuador

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34925

Luis humberto needed £2500.00 for his business.

Amount Requested

Amount requested:

£2500

Repayment term

Repayment term:

24 Months

Activity type

Activity type:

Farming

MFI Partner

MFI partner:

Co-operative Santa Anita

Luis Díaz is 50 years old and lives in the Salinas parish in the district of Ibarra. He is a farmer and grows onions and peppers, which he sells at the main markets. With the money he earns he can support his wife and two children.
Luis has requested a loan of $3,000 to be repaid over 24 months. He will use $1,600 to buy farming inputs, $800 to buy fertiliser, and $600 to hire 10 workers to look after his crops and harvest the produce.
He currently has several seasonal crops on the go. Every three months he harvests a crop to sell at the main market. He earns about $7 per sack and hopes to sell about 500 sacks every three months. He splits the income he earns between covering his household expenses, repaying his loan, and paying the workers he hires.

loan added: 25 June 2018

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Luis humberto's loan Repayment schedule

Date Expected repayments Actual repayments
July 2018 £227.27 --
August 2018 £94.70 --
September 2018 £94.70 --
October 2018 £94.70 --
November 2018 £94.70 --
December 2018 £94.70 --


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