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Maria Magdalena
María Méndez is 36 years old and lives in the periurban district of Paraíso in Guayaquil. Her house is made of cement and receives electricity as its only basic service. She is a single mother with two daughters.


María began selling vegetables and rice from her home. When she saved up sufficient capital, she opened a store in a space that she built in front of her house. She now sells drinks, rice, canned goods, and meats. Her store is also equipped with phone booths. María and her daughter work together from the very early hours of the morning.


With this loan, María will purchase beverages, rice, and sugar for her business. In the future, she wants to open an Internet café.

View original language description ↓
María Méndez de 36 años, vive en una zona periurbana en Paraíso de Guayaquil, su casa es de cemento pero solo cuenta con luz como servicio básico. Es madre soltera con dos hijas.

María empezó vendiendo legumbres y arroz en su casas. Cuando obtuvo el capital suficiente para tener su tienda construyo en la parte delantera de su casa la tienda.

Ahora ella vende bebidas, arroz, enlatados, carnes y ha implementado el servicio de cabinas telefónicas. Trabaja en conjunto con su hija desde muy temprano en la mañana.

Con el préstamo quiere comprar bebidas, arroz, azúcar para su negocio. En el futuro quiere tener un Cyber.

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
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,092,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Maria Magdalena purchase drinks, rice, and sugar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2010
Listed
Feb 21, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2011