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Angel Alberto
Ángel A. is 47 years old and lives in the periurban district of Paraíso in Guayaquil. His house is made of cement and only receives electricity and water and its only basic services. His wife helps him with managing their restaurant. They have two children.

He and his wife started their food business five years ago. Together they sell lunches, but only in the afternoons. Over time, they acquired tables and chairs. He how works from 5am until 11pm every day because he has to buy all the food needed to prepare the meals such as chicken, meat, rice, grains, and vegetables. His children help out occasionally. The main difficulty his business faces is the amount of crime in the area.

With this loan, he will buy another set of chairs and tables, as well as rice for his business. In the future, he wants to open another restaurant and see that his children stay in school.

View original language description ↓
Ángel A. de 47 años, vive en una zona periurbana en Paraíso de Guayaquil, su casa es de cemento solo cuenta con luz y agua como servicio básico. Su esposa le ayuda en el restaurante con ella tiene 2 hijos.

Inicio el negocio de comidas hace 5 años atrás, junto con su esposa vendían almuerzos solo en las tardes. Poco a poco compraron sillas y mesas.

Ahora el trabaja desde las 05h00 hasta las 23h00 todos los días, para hacer las comidas tiene que comprar pollo, carne, arroz, granos, verduras. Sus hijos en ocasiones les ayudan. La dificultad que tiene en su negocio es la delincuencia del sector.

Con el préstamo quiere comprar sillas, mesas, arroz para su negocio. En el futuro quiere tener otro restaurante y que sus hijos sigan estudiando.

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
  • 61
    View loans »
    Ecuador Loans Fundraising
  • $24,996,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Angel Alberto purchase tables, chairs, and rice.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 1, 2010
Feb 23, 2010
Currency Exchange Loss:
Aug 15, 2010