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Miguel Leoncio
Miguel S. is 40 years old, he lives in a suburban area of Guayaquil, his house is built of cement and has also the basic services. Presently he is separated from his wife but has a 9-year-old daughter who goes to a private school.


10 years ago Miguel's older brother went away and decided to leave his vegetable business in his brother´s hands, and little by little the business grew but the exasperating idea of having his own business made Miguel buy some plastic articles and start selling them.


Now he has his own business selling stationary and home products. He works from 8:00 am to 1:30 pm. His work is at the market "San Vicente de Paul" where there are many stalls.


With the loan he will buy lunch boxes, school bags, and notebooks for his business. In the future he would like to get other premises to increase his income.

View original language description ↓
Miguel S. de 40 años, vive en una zona periurbana en el suburbio de Guayaquil, su casa es de cemento y si cuenta con todos los servicios básicos. Esta actualmente separado de su esposa pero tiene una hija de 9 años que estudia en una escuela particular.

Hace 10 años atrás el hermano mayor de Miguel se fue de viaje y decidió dejar su negocio de legumbres en las manos de su hermano poco a poco el negocio fue creciendo pero por la desesperante idea de tener su propio negocio decidió comprar algunos artículos plásticos y comenzar a venderlos.

Ahora el tiene su propio negocio de artículos de papelería y hogar, trabaja desde las 08h00 am hasta las 01:30 pm, su lugar de trabajo es en el mercado “San Vicente de Paul” (lugar donde hay muchos puesto de comerciantes).

Con el préstamo quiere comprar poncheras, mochilas y cuadernos para su negocio. En el futuro quiere tener otro local para incrementar sus ingresos.

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
  • 13
    View loans »
    Ecuador Loans Fundraising
  • $22,545,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Miguel Leoncio purchase lunch boxes, school bags, notebooks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2010
Listed
Apr 13, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2011