Ramiro german Bonilla tugumbango

Cotacachi, Ecuador

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Ramiro german needed £2500.00 for his business.

Amount Requested

Amount requested:


Repayment term

Repayment term:

30 Months

Activity type

Activity type:

Art / Handicrafts

MFI Partner

MFI partner:

Co-operative Santa Anita

Ramiro Bonilla is 22 years old. He lives in Cotacachi in the Imbabura province. He is single and lives with his parents. He works in a leather goods shop to support himself. He has been working there for 10 years. He uses the money he earns to support himself and his family.
Ramiro has requested this loan of $3,000 to be repaid over 30 months. He will buy a cutting machine for $900, a trimming machine for $650 and leather materials for $1,450.
Ramiro’s plan is to start his own business now that he has a decade of experience. He hopes to start with his own contracts to deliver leather goods. He makes wallets, purses, belts and other things. He expects to start getting a return on his investment in 2 months, and he will reinvest so he can repay his debt and reinvest in the business.

loan added: 29 June 2018

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Ramiro german's loan Repayment schedule

Date Expected repayments Actual repayments
July 2018 £227.27 --
August 2018 £75.76 --
September 2018 £75.76 --
October 2018 £75.76 --
November 2018 £75.76 --
December 2018 £75.76 --

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