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Argelis Rolando
Argelia N. is 27 years old. His house is made of cement, and it is located in Paraíso de Guayaquil. His wife works as a nursery school teacher in the Simon Bolívar Institue in Guayaquil. He has two children; one is one year old and the other is five months.

Argelis started working in his mother’s pharmacy. Little by little he was able to get together money to buy the pharmacy. In order to have additional income, a few years later he put a store with a few things next to the pharmacy. Arcelis now works from six until three from Monday to Sunday in the pharmacy and the store. One of the biggest problems is the rationing of electricity by the government.

With the loan he wants to buy sweets, supplies, and rice for the store. In the future he wants to expand his business with a branch and increase the products that he sells.
View original language description ↓
Argelis N. de 27 años, su casa es de cemento y esta ubicada en Paraíso de Guayaquil, su esposa trabaja como profesora parvularia en el Instituto Simon Bolívar en Guayaquil tiene 2 hijos uno de 1 año y otro de 5 meses.

Argelis comenzó trabajando en la farmacia de su mama poco a poco pudo reunir dinero y comprarle la farmacia, después de unos años para tener otro ingreso adicional puso a lado de la farmacia la tienda con unas pocas cosas, ahora Arcelis trabaja desde las 06h00 hasta las 00h30 de lunes a domingo en la farmacia y la tienda, una de las mayores complicaciones son los racionamientos de electricidad del gobierno.

Con el préstamo quiere comprar dulces, víveres, arroz, para la tienda. En el futuro quiere expandir su negocio con una sucursal e incrementar los productos que vende.

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

  • $10,200
    Average annual income
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Argelis Rolando sweets, supplies, and rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2009
Listed
Jan 6, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011