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Máximo Primitivo
Máximo R., age 49, lives in the Paraíso de Guayaquil neighborhood. His wife works with him. The pair have 2 children, ages 17 and 10, who attend a private school.

Máximo began working in a wholesale grocer's shop. With the discount they gave him he began selling rice and vegetables from home. Little by little, he was able to set up a store. Now, thanks to the good income he has earned, he was able to install telephone booths and stock general goods. He works everyday, Monday to Sunday, selling rice, tuna, oils, telephone services, etc.

With this loan he wants to buy shoes, clothing, and make-up to better stock his business. In the future he wants to start other branches of his business and thus be able to buy a car for his family.
View original language description ↓
Máximo R. de 49 años, vive en la zona Paraíso de Guayaquil, su esposa trabaja con el con ella tiene 2 hijos uno de 17 años, y 10 años estudian en una escuela particular.

Máximo empezó trabajando en un almacén de artículos varios años, con la liquidación que le dieron comenzó vendiendo arroz y verduras en su casa, poco a poco pudo poner una tienda. Ahora gracias a los buenos ingresos que a obtenido pudo poner unas cabinas telefónicas y artículos de bazar el trabaja todos de lunes a domingo vendiendo arroz, atún, aceites, servicio de telefonía etc.

Con el préstamo quiere comprar zapatos, ropa, maquillajes para poder surtir mejor su negocio. En el futuro quiere poner sucursales y poder así comprarse un auto para 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
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Máximo Primitivo shoes, clothing, rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2010
Listed
Jan 11, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011