Ecuador: Luis Ramiro: A loan of $700 helps to buy a cow for ...| MENAFN.COM

Saturday, 02 July 2022 02:53 GMT

Ecuador: Luis Ramiro: A loan of $700 helps to buy a cow for milking.


iCrowdNewswire - Mar 17, 2017
Luis Ramiro San Gabriel, Ecuador / Cattle A loan of $700 helps to buy a cow for milking. Luis Ramiro's story

Luis is 36 years old, is single, and lives in the area of La Aguada in the province of Carchi on the Colombian border. He lives in his parents' house and has a young son who he loves very much and provides for. Luis works raising cattle to produce milk. This is the only trade he knows in order to earn a living.

He will use the loan to purchase another cow in order to increase his milk production and therefore improve his earnings so he can get ahead. He aspires to be able to buy mechanical milking equipment.

Translated from Spanish by Kiva volunteer Stephanie AllenView original language description

This loan is special because: It aims to reach vulnerable refugee populations in an isolated region. Kate Kiva staff

More about this loan This loan is part of VisionFund Ecuador's effort to reach vulnerable populations located along Ecuador's frontier with Colombia. This region generally lacks access to financial services and is populated by many Colombian refugees seeking asylum from guerrilla warfare. This loan is designed to help these vulnerable populations improve their lives and set up sustainable businesses. About VisionFund Ecuador:

VisionFund Ecuador is a microenterprise development fund that supports groups of entrepreneurs who lack access to formal financial systems. The organization works with vulnerable populations, especially women, in the marginalized urban and rural sectors of Ecuador. Its clients work in a variety of sectors including agriculture, artisan crafts and the commercial and service sectors. Kiva lenders' funds are used to expand the organization's services to the poor living in more rural parts of Ecuador.


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