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Reinaldo Maximiliano
Reinaldo Crespín, 58, lives in an urban area of El Suburbio, Guayaquil; he has four children who are 31, 25, 25 and 18 years old.

Reynaldo used to work in a tailor shop but, when his children saw how exhausted he was and that he needed to have his own home-based business, they decided to buy him an industrial sewing machine.

Thanks to the help from his children, he has his own tailor shop in his house. His wife helps him and they are open for business from 8am until 10pm.
He charges $5.00 for shirt repairs, $15.00 for pants and $9.00 for legwarmers.

He will use the funds to buy fabrics and thread.

He would like to buy two sewing machines in the future and make improvements to his house.
View original language description ↓
Reinaldo Crespín de 58 años, vive en una zona urbana en el suburbio de Guayaquil, tiene cuatro hijos de 31, 27, 25, 18 años. Reinaldo antes trabajaba en un taller de costura, pero al ver sus hijos el cansancio y la necesidad de su papa de tener su propio negocio desde su casa decidieron comprarle una maquina de coser industrial.

Por la ayuda que sus hijos le dieron ahora el tiene su propio taller de costura en la sala de su casa, trabaja con la ayuda de su esposa desde las 08h00am hasta las 22h00pm, por el arreglo de camisetas cobrar $ 5.00, pantalones $ 15.00, calentadores $ 9.00.

Con el préstamo quiere comprar telas, hilos para su negocio. En el futuro quiere comprar dos maquinas de coser, y poder mejorar su casa.




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
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Reinaldo Maximiliano for fabrics and thread.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
May 12, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2011