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Mario Samuel
With a loan from his father eight years ago, Mario, 28, opened a general food market in the Fortin district of Guayaquil. His store is located on Fortin's main street, which provides a steady flow of customers. Mario works everyday from 5 a.m. to 7 p.m. selling rice, chicken, eggs, cola and other food items to people who work in the area. He has been marginalized from the traditional financial system due to the fact that he is single.



Mario requests a loan to buy more products for his store, including oil, chicken and especially rice, a staple in Ecuador. This will help him scale up his business and serve more customers. Mario dreams of fixing the roof around his store so that he can rent out the extra space to other vendors. Hopefully, an increase in sales will help him achieve this!

Additional Information

About Banco D-MIRO

Banco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.

About Ecuador

  • $10,600
    Average annual income
  • 58
    View loans »
    Ecuador Loans Fundraising
  • $24,312,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mario Samuel to buy rice and chicken.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2009
Listed
Nov 6, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010