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Mercedes Del Carmen
Mercedes is 44 years old and lives in a suburb of Paraíso de Guayaquil. She has basic services in her home, such as water and electricity. Her husband is a brick maker. She has had four daughters with her husband, and they are all adults.

Mercedes began selling vegetables and little by little added other edible goods. When she has enough savings, she will move to larger premises. She now works Monday through Sunday with her daughters, selling rice, sugar, soft drinks, vegetables, etc. One of the inconveniences that she faces is transporting the merchandise to her shop.

With this loan, she wants to buy rice, vegetables, sugar, and soft drinks,to increase her stock. In the future, she wants to buy a van to transport her merchandise and to improve her house.

View original language description ↓
Mercedes R. de 44 años de edad, vive en una zona periurbana en Paraíso de Guayaquil, tiene en su casa con agua y luz como servicios básicos, su esposo trabaja haciendo ladrillos con el tiene 4 hijas ya todos son mayores de edad.

Mercedes empezó vendiendo verduras poco a poco pudo implementar productos comestibles. Cuando ya obtuvo ingresos necesarios se cambio a un local más grande. Ahora ella trabaja con sus hijas de lunes a domingos vendiendo arroz, azúcar, colas, legumbres, etc. Uno de los inconvenientes que tienen es la transportación de la mercadería a la tienda.

Con el préstamo quiere comprar arroz, verduras, azúcar, colas para incrementar más su tienda. En el futuro quiere comprarse una camioneta para poder transportar la mercadería 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
  • 77
    View loans »
    Ecuador Loans Fundraising
  • $25,060,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Mercedes Del Carmen to buy vegetables, rice, sugar, soft drinks.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 19, 2010
Jan 22, 2010
Currency Exchange Loss:
Dec 15, 2010