Cristina’s parents opened a store many years ago. When her parents became elderly and could no longer work, she took over the store. Now Cristina works with her sister every day from 6am until 9pm. They serve approximately 200 customers each day. They sell rice for $0.23/lb, sugar for $0.50/lb, and tuna for $1.00/can. One problem they encounter is when the streets get muddy because of the rain.
With this loan, Cristina will buy cement and stone, as well as pay for labor to make improvements to her home. In the future, she would like to open another branch of her store so that she can secure her parents’ future.
Los padres de Cristina comenzaron con el negocio de la tienda ya hace muchos años atrás. Cuando sus padres tuvieron una edad avanzada y ya no podían trabajar ella se hizo cargo de la tienda. Ahora Cristina trabaja con su hermana todos los días desde las 06h00 hasta las 21h00 tienen un aproximado de 200 clientes todos los días, vende la libra de arroz a $ 0.23, la libra de azúcar $ 0.5, atún a $ 1.00 etc. Una de las dificultades que tiene son las calles enlodadas por causas de las lluvias.
Con el préstamo quiere comprar cemento, piedras y la mano de obra para el mejoramiento de su vivienda, en el futuro quiere tener una sucursal de su tienda y poder así asegurar el futuro de sus padres.
About Banco D-MIROBanco 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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