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Pedro Ricardo
Pedro, 54, lives in the peri-urban zone of Guayaquil. In order to support his family, he had to invest their savings in supplies for a store. His dream was always to follow in the same footsteps of his parents who owned a shop when he was a child.

He has put many years of hard work and dedication into working in his store in order to enlarge it. Now, he works from 7:00 am until 11:00 pm every day in his shop selling canned goods, rice, sugar etc.

He wants to use the loan to enlarge his store by buying more supplies such as sausages and drinks. The profits will secure his family’s future. One of his dreams is to own a Minimarket.
View original language description ↓
Pedro de 54 años, vive en una zona periurbana de Guayaquil, para poder mantener a su familia el tuvo que invertir sus ahorros en víveres para una tienda, ya que su sueño siempre fue seguir los mismos pasos de sus padres que tenían una tienda cuando el era niño.

Con esfuerzo y dedicación estuvo durante muchos años trabajando en su tienda para agrandarla, ahora el trabaja desde las 07h00am hasta las 23h00pm todos los días en su tienda, vende enlatados, arroz, azúcar etc.

Para poder incrementar su tienda con mas víveres quiere comprar con el préstamo embutidos y bebidas y con las ganancias asegurar el futuro de su familia. Uno de sus sueños es tener un Minimarket.



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
  • 29
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Pedro Ricardo sausages, drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2010
Listed
Jun 14, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 20, 2011