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Agustín A. is 29 years old and lives in the Paraíso district, an area of scarce basic services, in the city of Guayaquil. Agustín has a brick house, but only has the benefit of an electricity supply. A year ago, he started to sell bottles of water and coca-cola, and, thereafter, began selling vegetables. This proved to be successful as such were previously unavailable in his neighbourhood. Agustín goes to the wholesale market at 5:30am twice a week to buy vegetables, coca-cola and rice. It is somewhat difficult for Agustín to go to the wholesale market because he has to go by bus with 1 or 2 sacks of rice. His wife sells DVDs in the centre of Paraíso de Guayaquil and this helps towards the family’s expenses as they have two children, one six years old who studies in a private school that costs $2.5 monthly, and the other is four years old and does not go to school.
With this loan, Agustín wants to buy more sugar, oil and vegetables to expand his product range. In the future, he wants to be able to increase his stock and buy a freezer so that he can also sell meat and ensure the future wellbeing of his family.
View original language description ↓
Agustín A. de 29 años de edad, vive en la zona de Paraíso de Guayaquil, en un sector con escaso servicios básicos solo tiene el beneficio de tener electricidad, tiene una casa de ladrillos, Agustín comenzó hace un año atrás vendiendo aguas, colas después implemento vendiendo legumbres que le resulto muy favorable ya que en su sector no vendían nada de eso.

Agustín 2 veces a la semana va al mercado de mayoristas a las 5:30Am a comprar legumbres, colas y arroz, tiene algunas dificultades para ir a comprar al mercado de mayoristas porque tiene que ir en bus con 1 o 2 sacos de arroz.

Su esposa vende formatos DVD en el centro de Paraíso de Guayaquil y con esto le ayuda a sustentar los gastos de su familia ya que tienen dos hijos uno de 6 años que estudia en una escuela Particular del sector que paga $ 2.5 mensual y otro de 4 años que no estudia.

Con el préstamo quiere comprar más azúcar, aceites y legumbres para así agrandar la tienda, en el futuro quiere surtir mas la tienda y tener para comprar un congelador para también vender carnes y así asegurar el futuro de su familia

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
  • 68
    View loans »
    Ecuador Loans Fundraising
  • $24,996,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Agustin sUGAR, OIL, VEGETABLES.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Nov 20, 2009
Dec 10, 2009
Currency Exchange Loss:
Aug 15, 2010