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Jose Gregorio
Twenty-three year old José R. lives in the Suburbio de Guayaqhil neighborhood. His house is made of cement and has all the basic necessities. His wife is a homemaker and together they have an 8 month old child.

Four years ago he had an accident in the business where he worked and they retired him at a young age. With the money from the retirement he bought some provisions and began selling them outside his home.

Now he owns a well-stocked store. He works every day from 6am to 9pm and sees on average 21 customers a day. One of the difficulties that he has is the crime in the area where he lives.

With this loan he would like to buy rice, soda and dairy products for his business. In the future he would like to expand his store in order to be able to continue to work.
View original language description ↓
José R. de 23 años, vive en una zona urbana en el Suburbio de Guayaquil, su casa es de cemento y cuenta con todos los servicios básicos, su esposa es ama de casa con ella tiene 1 hijo de 8 meses.

El empezó hace 4 años atrás, porque tuvo un accidente en la empresa que trabajaba y lo jubilaron a temprana edad, con el dinero de la jubilación compro algunos víveres y empezó a vender afuera de su casa.

Ahora el tiene una tienda bien surtida, trabaja todos los días desde las 06h00 hasta las 21h00 el promedio diario de clientes tiene 21 clientes. Una de las dificultades que tiene es la delincuencia que hay en el sector donde vive.

Con el préstamo quiere comprar arroz, cola, lácteos para su negocio. En el futuro quiere agrandar su tienda para poder seguir trabajando.

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
  • 93
    View loans »
    Ecuador Loans Fundraising
  • $24,583,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jose Gregorio to buy rice, soda and dairy products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Feb 1, 2010
Feb 11, 2010
Currency Exchange Loss:
Feb 15, 2011