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Mercedes Estela
Mercedes is 57 years old and lives in a cement house with all the basic services in Guayaquil. She is separated from her husband and has children that are all grown and married now.

Mercedes worked as a seamstress and saved money until she was able to open a small store in her home. She works 7 days a week selling rice, oil, perfume, etc. Even though she is separated, her husband still helps her run the store and she is very grateful to have the opportunity to have her own business. Mercedes is able to buy rice for $35 and sell it for 40 cents a pound. The perfume she buys for $30 and sells for $60.

With the loan, Mercedes is going to buy school and office supplies such as notebooks, pens, and pencils.

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

  • $10,200
    Average annual income
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mercedes Estela notebooks, pens, pencils, office supplies.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2010
Listed
Feb 25, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 20, 2011