Check out some available loans that are similar to this one!
Ricardo Manuel
Ricardo C. is 44 years old and lives in a cement house in the Paraíso neighborhood of Guyaquil. His wife helps him with family expenses by selling cosmetics. They have two children, 18 and 12. They both are studying at a legal school.

Ten years ago Ricardo started as an assistant in a radio repair shop. Little by little he gathered up enough money and built a small repair shop of his own. Currently Ricardo works from Monday to Saturday with his 18-year old son repairing radios, video games, and televisions. He has not had any problems with his business so far.

With the loan Ricardo wants to buy a soldering iron, a multimeter, and spare parts to improve his business. In the future he would like to add on to his shop and make improvements on his home.
View original language description ↓
Ricardo C. de 44 años, vive en una casa de cemento en Paraíso de Guayaquil, su esposa le ayuda con los gastos familiares vendiendo cosméticos tiene 2 hijos uno de 18 y otro de 12 años los dos estudiando en una escuela fiscal.

Ricardo empezó hace 10 años atrás como ayudante en un negocio de radio- técnico. Poco a poco comenzó a reunir dinero y pudo instalar un pequeño taller de reparación. En la actualidad Ricardo trabaja de lunes a sábado con su hijo de 18 años arreglando radios, juegos de video y televisores. Hasta ahora no ha tenido complicaciones en su actividad.

Con el préstamo Ricardo quiere comprar un cautín, multímetro, repuestos para tener más facilidad en su negocio. En el futuro quiere ampliar su taller y poder construir mejor su casa.

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
  • 89
    View loans »
    Ecuador Loans Fundraising
  • $25,057,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ricardo Manuel purchase of soldering iron, multimeter, and spare parts.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jan 19, 2010
Jan 21, 2010
Currency Exchange Loss:
Nov 15, 2010